Resistances at hand

CREATIVE TECHNOLOGY ($4.03) – Light at the end of the tunnel
- Rebounded off a post financial crisis low of $3.25
- Resistance at $4.05
- Support for any retreat should be $3.88
- Break above $4.05 indicates a target of $5.20

PORTEK (56 cents) – Attempting breakout
- Counter has greater strength than the market and STI
- Prices are at resistance level
- Momentum is gradually rising
- Breakout above 56 cents would indicate a target of 66 cents

KEPPEL CORP ($11.82) – Building a top
- Resistance has been established at $11.96
- Chart pattern suggests that prices are building a top
- Support appears at $11.20

SEMBCORP MARINE ($5.76) – Short term overstretched
- One of the strongest stocks around
- Prices have broken out of resistance at $5.45 indicating a target of $5.90
- Support is at $5.45

COSCO CORP ($1.99) – Developing a downtrend
- This is the weakest of the rig-building stocks
- Prices have broken neckline of a top formation at $2.17, indicating a target of $1.80

FRASER & NEAVE ($5.85) – Temporary rebound
- Prices are attempting a rebound
- Current move is likely a temporary rally in a downtrend
- Resistance is at $6
- Eventual target from the breakdown is around $5.20

(Source: TheEdgeSingapore March 14 2011)