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)