Temporary reprieve

CITY DEVELOPTMENTS ($11.42) – Rebound in a downtrend
- Rebound is under way
- Resistance at current levels
- $10.50 could be retested

GENTING SINGAPORE ($1.95) – Breaks double top
- Temporary rebound is underway
- Prices have just broken a double top indicating target of $1.50
- Quarterly momentum is turning negative

JARDINE C&C ($34.28) – Temporary rebound
- Short term moves are upwards
- Volume of the rebound has been light suggesting move is probably a countertrend move
- Support is at $31

SINGAPORE AIRLINES ($13.44) – Short term oversold
- Trend remains downwards
- Resistance is at $14 mark

SINGAPORE TELECOM ($2.90) – Temporary bounce likely
- Prices are now at the bottom of trading range
- This may cause a temporary rebound
- Resistance is at $3.04
- Support is at $2.86

WILMAR INTERNATIONAL ($5.16) – Temporary rebound
- Counter has been in a downtrend
- Resistance appears at $5.30
- Eventually prices are likely to break below $5 and would indicate a new objective of $4.60

(Source: TheEdgeSingapore March 7 2011)