Bruised blues

KEPPEL CORP ($12.20) – False dawn
- Appearance of shooting star
- Uptrend may continue but danger point is at $11.56
- Resistance is at $12.46

JARDINE C&C ($35.32) – Testing support
- Prices are forming a downtrend
- Resistance is at $36
- Break below $34.30 reiterates the downtrend
- Downside target is at $30

JARDINE MATHESON (US$45.40) – Building a top
- Prices are still forming a top
- Prices are a shade below the 50 and 100 day moving average
- These levels represent resistance/breakout level

WILMAR INTERNATIONAL ($5.37) – Downtrend
- Prices broke below support setting a downside of $5.20 and $5
- By the time prices reach $5.20 short term indicators should be heavily oversold
- Trend is down and resistance is at $5.70

DBS GROUP HOLDINGS ($15.08) – Breaking out
- Price has broken resistance at $14.90
- Break above $14.90 indicates a target of $16
- To attain this, prices must not sink back under $14.90

UOB GROUP ($19.86) – Gaining strength
- Prices should trend up
- Initial resistance is at $20.65 but eventual target should be higher
- Support is at $19.65

(Source: TheEdgeSingapore January 31 2011)

Properties lead the way

CITY DEVELOPMENTS ($11.72) – Breaks down
- Prices fell below 50 day and 200 day moving averages
- Support is at $12
- Breaks below $12.50 indicates target of $11.30
- Break above $12.50 would negate the negative outlook

WHEELOCK PROPERTIES ($1.93) – Building a base
- This counter has drifted sideways or slightly lower
- It is holding at its 100 day moving average and above its 200 day moving average
- Prices are likely to build a base between $1.89 and $1.93

CAPITALAND ($3.68) – Resumes retreat
- Largely underperformed the market and sector
- Near term resistance appears at $3.87
- Support is at $3.60

UOL GROUP ($4.93) – Short pause
- This is the strongest stock in the property sector
- Resistance appears at $5.40
- Initial support is at $5 and $4.71

KEPPEL LAND ($4.52) – Building a top
- The best gains appear to be over
- Prices are now below an upward sloping neckline
- Breakdown indicates a target of $4
- Resistance is at $4.73

ALLGREEN PROPERTIES ($1.13) – Also breaks down
- Prices fell below 50 and 100 day moving averages
- Indicates selling pressure and a possible downtrend
- Breakdown indicates a target of $1.03
- Prices would need to regain $1.16 to negate the negative outlook

(Source: TheEdgeSingapore January 24 2011)

Late-cycle plays

GUTHRIE GTS (53 cents) – Breaks out
- Biggest part of the upmove is over for the time being
- Support is at 51 cents
- Break below support would imply a decline to 46 cents

GALLANT VENTURES (48 cents) – Typical end of cycle play
- Trend remains up stop loss level at 46 cents
- Break below would end the uptrend
- Resistance is at 51 cents

LUM CHANG HOLDINGS (31 cents) – Meeting point for technicals, fundamentals
- Prices are attempting to break 31 cents
- Successful break would indicate a target of 36 cents
- Prices should be able to break out successfully

HOCK LIAN SENG HOLDINGS (32 cents) – Poised for breakout
- Prices are approaching resistance at 32 cents
- Prices should break out
- Successful break indicates a target of 37 cents
- Support is at 30.5 cents

TTJ HOLDINGS (19.5 cents) – Challenging resistance
- Prices are testing a downtrend line at 19.5 cents
- Successful break would indicate a target of 24 cents

LEE KIM TAH HOLDINGS (59 cents) – Short pause
- Support appears at 57.5 cents
- The 2007 high of 62 cents is likely to provide much resistance
- It would be a difficult task to breakout

(Source: TheEdgeSingapore January 17 2011)

Rising tide lifts some boats

NEPTUNE ORIENT LINES ($2.38) – Breaks out
- Testing its year high at current levels
- Break above $2.36 looks imminent. Resistance appears at $2.80
- Support is at $2.20

PACIFIC SHIPPING TRUST (38 US cents) – Strong uptrend
- There are no signs of a breakdown yet. Prices could advance further
- Stop loss is at 36 cents
- Resistance could appear at 45 cents

FSL TRUST (47.5 cents) – Testing top of base
- Prices are testing resistance at 48 cents
- A move above 48 cents indicates target of 56 cents and 62 cents

SINGAPORE SHIPPING (25.5 cents) – Downtrend persists
- Resistance/breakout of the downtrend is at 26.5 cents
- Support appears at 24 cents

SAMUDERA SHIPPING LINE (24.5 cents) – Challenging resistance
- Prices are testing resistance at 25 cents
- Break above 25 cents indicates a target of 31 cents
- Support is at 23 cents

RICKMERS MARITIME TRUST (41 cents) – Into the light
- Resistance is at 40 cents
- Support is at 37 cents
- Successful break above 40 cents gives an initial target of 65 cents

(Source: TheEdgeSingapore January 10, 2011)