Bull in China?

CHINA SKY CHEMICAL FIBRE (23.5 cents) – Overextended
- Prices are somewhat overextended
- Prices may ease
- Support is at 17 cents
- Resistance is at 25 cents

CHINA GAOXIAN FIBRE (33 cents) – Correction likely
- Looks overstretched
- Strongest upmove is perhaps over for the year
- Support is at 30 cents
- Resistance is at 34 cents

ERATAT LIFESTYLE (23 cents) – Breaks out of rectangle
- Shooting star has appeared which suggests a temporary retreat
- Support is at 22 cents
- Breakout indicates eventual target of 27 cents
- Technicals suggest uptrend can be sustained

LI HENG CHEMICAL FIBRE (22 cents) – Breakout level at hand
- Prices are at 24 cents resistance
- Suggests breakout of 24 cents resistance level indicates a target of 30 cents
- Support is at 21 cents

OCEANUS (29.5 cents) – Entrenched downtrend
- Prices are still in downtrend
- Resistance is at downtrend line at 32 cents
- Break below 29 cents would indicate a target of 22 cents

SINOTEL TECHNOLOGIES (35 cents) – Testing top of base
- Prices have just retreated from neckline at 37 cents
- Support is at 34 cents
- Successful breakout would indicate a target of 45 cents

(Source: TheEdgeSingapore December 20, 2010)

Rotational interest moves to construction plays

OKP HOLDINGS (57 cents) – Poised for breakout
- Prices are at resistance at 57 cents
- Likely to have short term retreat
- Successful breakout indicates target of 70 cents
- Immediate support is at 55 cents

UNITED ENGINEERS ($2.70) – Attempting breakout
- $2.70 has been established as a resistance
- Breakout from $2.70 indicates a target of $2.90
- Support is at $2.37

YONGNAM HOLDINGS (29 cents) – Approaching resistance
- Prices appear stuck in the near term
- Break above 29 cents indicates target of 36 cents
- Short term indicators have turned upwards

TTJ HOLDINGS (19.5 cents) – Should rebound
- Prices have remained lackluster
- Resistance is at 20.5 cents
- A break above resistance indicates a target of 26 cents

PAN-UNITED CORP (51 cents) – Rebound likely
- Prices are just above support at 50 cents
- Rebound should materialize with resistance at 55 cents
- A breakout is unlikely in the immediate term

HOCK LIAN SENG (29 cents) – Testing support
- Support is at current levels of 29 cents
- Price rebound should materialize shortly
- Resistance is at 32 cents
- A breakout above resistance indicates a target of 36 cents

(Source: TheEdgeSingapore December 13 2010)

Mixed bag for index components

KEPPEL CORP ($10.82) – Intact, gains relative strength
- Resistance has been established at $11
- Prices may ease slightly
- Support appears at $10.50
- Break above $11 would indicate a new upside target

FRASER & NEAVE ($6.38) – Hanging on for dear life
- Prices could be in top formation
- In the short term prices could rebound
- Rebound could face resistance at $6.38 and $6.50
- Neckline is at $6.09
- Break would indicate a target of $5.15

JARDINE MATHESON ($45.20) – Approaching neckline of top formation
- Prices appears to be building a top
- Currently testing neckline at $43.60
- Short term direction likely to be upwards
- Resistance is at $48
- Breakdown indicate a target of $33

NEPTUNE ORIENT LINES ($2.23) – Stays afloat
- Displaying greater relative strength
- Prices bounced off 50 day moving average at $2.10
- Resistance is at $2.28

SINGAPORE AIRLINES ($15.80) – Clear skies ahead
- Prices managed to hold near 100 day moving average
- Short term direction likely to be upwards
- Resistance appears at $16.11

SINGAPORE TELECOMMUNICATIONS ($3.13) – Rebound under way
- Prices have rebounded off support at $3.04 to $3.05 range
- There is not a clear uptrend or downtrend.
- Prices in wide trading range
- Resistance is at $3.30

(Source: TheEdgeSingapore December 6 2010)