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)