The meteor effect

SINGAPORE EXCHANGE ($8.88) - May move into a range
- Stock could experience a period of sideways ranging
- Support at $8.60 and resistance at $9
- Eventually a breakdown would provide the next downside objective

GENTING HONG KONG (45 US cents) - Testing support
- This counter's meteoric rise may well be over for the time being
- Prices appear to be building a top formation
- Breakdown would indicate a downside objective of 32 US cents

GMG GLOBAL (30 cents) - In a peaking process
- Support appears at 28 cents
- Break below would end the uptrend
- 50 day moving average is at 26 cents

SUNVIC CHEMICAL HOLDINGS (63.5 cents) - Waiting for its downturn
- Nearest support is at 48 cents and that isn't very strong
- Initial downside is at 43 cents

PAN-UNITED CORP (57 cents) - Retreat in force
- There is some support at current levels at 55 cents
- Resistance is at 60 cents

BIOSENSORS INTERNATIONAL ($1.10) - Breaks out
- This is the stock that still looks positive
- Prices broke out of $1.10 setting at target of $1.26
- Break below $1.10 would mean that all bets are off

(Source: TheEdgeSingapore November 1 2010)

Fatigued blue chips take a rest

DBS GROUP ($14.36) – Rangebound
- Support will likely appear at $14.12 to $14.15
- Resistance is at $14.90
- Prices are unlikely to break out or downward in the next 2 weeks
- Further out pressures may actually be downwards

GENTING SINGAPORE ($2.22) – Still intact
- Break above $2.18 gives a measuring objective of $2.51
- This remains valid unless price is unable to hold above $2.18

SINGAPORE AIRLINES ($15.76) – Getting ready to descend
- Prices are current at support
- $15.90 is looking like the neckline of a top formation
- Break downward would indicate a minimum target of $15.20

KEPPEL CORP ($9.71) – Fatigues sets in
- Uptrend remains intact and any correction should be temporary
- Support appears at $9.30
- It remains to be seen whether prices can clear $9.85

JARDINE MATHESON (US$44.40) – Building a top
- Technicals do not look very promising
- Break below US$44.45 would indicate an immediate target of $40
- Resistance is at US$48

SINGAPORE TELECOMMUNICATIONS ($3.07) – Losing connection
- Resistance is at $3.15 level
- Support is at $3.04 to $3.05
- Break below this level indicates an immediate downside to $2.85

(Source: TheEdgeSingapore October 25 2010)

Back to commodity plays

GMG GLOBAL (31.5 cents) – Tracking new highs
- Prices broke out of resistance at 30 cents, giving objective of 36 cents
- Quarterly momentum has only just turned up
- Volume is expanding

GLOBAL PALM RESOURCES (35 cents) – Breaks out of resistance
- Prices are approaching resistance at 36 cents
- Volume has risen as prices advanced
- A successful break indicates a target of 42 cents

GOLDEN AGRI-RESOURCES (66 cents) – Temporary retreat
- Prices broke out of resistance at 61 cents
- Break indicates a target of 75 to 76 cents level
- Quarterly momentum is rising

INDOFOOD AGRI RESOURCES ($2.59) – Breaks out of resistance
- Prices have broken out of resistance at $2.55
- Volume has been increasing on white candle days indicating a build up in demand
- Break indicates a target of $3.25

KENCANA AGRI (42.5 cents) – Overstretched
- Prices have risen 61% since June
- Breakout earlier last week reconfirms the uptrend
- Break above 42 cents indicate an objective of 50 cents

WILMAR INTERNATIONAL ($6.40) – Late bloomer
- Prices have rebounded off support
- Immediate resistance is at $6.50
- Break above $6.50 indicates a target of $7.20

(Source: TheEdgeSingapore October 18 2010)

Bull in China

CAPITAMALLS ASIA ($2.28) – Breaks out of resistance
- Breaks above the several times tested resistance at $2.23 to $2.25 range
- Measuring objective is at $2.59
- As long as prices hold above the breakout level, the target is well within reach

CAPITALAND ($4.21) – Breaks out of resistance
- Prices have broken out of three-times-tested resistance at $4.15
- Break indicates a target of $4.83
- Support is at $4.15

GUOCOLAND ($2.41) – Set to test one-year high
- Prices broke out of several times tested resistance at $2.22
- Break indicates a target of $2.56

BROTHERS (HOLDINGS) (17.5 cents) – Attempting breakout
- Prices appear to have moved out of a narrow range
- Resistance appears at 21 cents
- Indicators confirm a firmer phase ahead
- Support is at 16 cents

CWT (96.5 cents) – Poised to pounce
- Looks like it is about to rally from current levels
- Break above $1.02 would take prices out of resistance and indicate a target of $1.26
- Support is at 95 cents

ARA ASSET MANAGEMENT ($1.32) – Superior relative strength
- This is one of the strongest stocks in the market
- Earlier break above $1.15 indicates a measuring objective of $1.44
- Support is at $1.15

(Source: TheEdgeSingapore October 11 2010)

Losing bets

GENTING SINGAPORE ($1.86) – Support at $1.74

-        Both short term and medium term indicators are declining

-        Support appears at $1.74

-        Looks very much like the largest gains could be over for the time being

GENTING HONG KONG (42.5 US cents) – Support at 40 US cents

-        Short and medium term indicators are falling

-        Quarterly momentum looks more resilient

-        Support is at 40 US cents

-        A failure to halt decline at this level would mean a sharp decline to 29 US cents

MANDARIN ORIENTAL (US$1.71) – Trading below NAV

-        Prices appear poised for a breakout. Target is US$2.12

-        This could be the next privatization target

GALLANT VENTURES (25 cents) – Flagging prices

-        Prices and quarterly momentum are weak

-        Resistance has been established at 28 cent level

-        Support is at 22 cents

BANYAN TREE (88 cents) – Inert for now

-        Chart suggests limited investor and punter interest

-        Support is at 85 cents

-        Resistance is at 89 cents

-        Breakout is unlikely but a breakdown could occur out of sheer inertia

FRAGRANCE GROUP (65 cents) – Sudden interest

-        Technically prices look like they have broken out of a downtrend at 55 cents

-        Resistance is at 71 cents

(Source: TheEdgeSingapore October 4 2010)