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)