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)