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)