Transportation stocks mixed

SINGAPORE AIRLINES ($14.02) – Breaks above resistance
- Break above $13.79 indicates a target of $15.30
- 200 day moving average is at $15.04 which is likely to provide resistance

TIGER AIRWAYS ($1.51) – Breaks out of base
- Prices are attempting to strengthen
- Break above $1.49 indicates a target of $1.70
- Volume expansion is absent. If support at $1.49 holds, prices may attempt to strengthen

KEPPEL CORP ($12.50) – Overextended
- Consensus is bullish, a sign the stock is overbought
- Clear divergence between price and indicator.
- Support appears at $12 and $11.80

SIA ENGINEERING ($4.13) – Sideways range
- Prices are still within a trading range
- Immediate breakout would be difficult
- Break above $4.14 indicates a target of $4.30

NEPTUNE ORIENT LINES ($1.98) – Base formation
- Prices are still in a base formation
- To gain strength prices will need to break out of $2 on significant higher volume than the counter is experiencing now

SEMBCORP MARINE ($5.85) – Correcting overbought readings
- Quarterly momentum has weakened
- Sharp up move appears to have run into resistance at $6
- Support is at $5.54

(Source: TheEdgeSingapore April 18, 2011)