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)