The worth of water

UNITED ENVIROTECH (49 cents) – Market leader

-        Prices reached 55 cents last year

-        Break above 45 cents indicates a target of 55 cents

-        Technically the share price has surged to an overextended level

BIO-TREAT TECHNOLOGY (8 cents) – Poised for a breakout

-        Support has been established at 7 cents

-        Prices are trading within a tight range

-        A breakout on significant volume would change the boring character of this chart and indicates an initial target of 11 cents.

SOUND GLOBAL (74.5 cents) – Base formation

-        Resistance appears at 76 cents

-        A breakout is unlikely in the near term

-        A successful break above 76 cents indicates a target of 84 cents

-        Support is at 72 cents

MEMSTAR TECHNOLOGY (8.5 cents) – Double bottom

-        A successful break indicates a target of 11 cents

-        Quarterly momentum is rising

SINOMEM TECHNOLOGY (51 cents) – Flat-top broadening formation

-        The neckline/breakout level is at 52 cents

-        A successful break indicates a target of 60 cents

-        Price should not fall below 50 cents if the outlook is bullish

ASIA ENVIRONMENT HOLDINGS (17.5 cents) – Breaking out of a base

-        Prices have yet to decisively clear resistance at 17 cents

-        A breakout indicates a target of 21 cents

-        Prices have a good chance of attaining its target

(Source: TheEdgeSingapore 20 September 2010)