Increasingly Oversold

KEPPEL LAND ($4.12) – Breaks top
- Price broke below neck line at $4.50
- Breakdown indicates initial and eventual targets of $4 and $3.60
- Any rebound likely to find resistance at $4.50

CITY DEVELOPMENTS ($11) – Still falling
- Earlier break below $12.20 indicated a target of $10.50
- Prices may not have hit bottom yet

CAPITALAND ($4.39) – Breaks support
- Prices are near support
- Quarterly momentum remains negative
- Break below $3.50 indicates a target of $3.10

SINGAPORE AIRLINES ($14.12) – Rough landing
- Break below $15 indicates a target of $13.90
- Any rebound is likely to be temporary with resistance at $14.60

GENTING SINGPORE ($2.02) – Holding on
- Quarterly momentum has moved to negative territory
- Support is at $2
- Resistance at $2.13
- Break below $2 indicates a target of $1.80

INNOTEK (61 cents) – Gaining strength
- Break above 60 cents indicates a target of 72 cents
- Stop loss is at 60 cents

(Source: TheEdgeSingapore February 14 2011)