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)