S-chips remain under cloud of uncertainty

SUNVIC CHEMICAL (73 cents) – Uptrend approaches its end
- Resistance at 75 cents
- Support at 69 cents
- Break below 67 cents complete a top and indicate target of 50 cents

CHINA MINZHONG ($1.50) – Struggling to regain moving average
- Support is at $1.38
- Prices are still in corrective/downward phase

CHINA DIARY (eight cents) – Attempting to recover
- Major resistance is at 9 cents
- Break above this level is bullish

CHINA ANIMAL HEALTHCARE (27.5 cents) – Base formation
- Neckline at the top of the double bottom is at 29 cents
- Break above 29 cents indicate a target of 36 cents
- Support is at 26 cents

CHINA XLX FERTILISER (37.5 cents) – Losing momentum
- Resistance is at 39 cents
- Support is at 27 cents
- Breakdown indicates a target of 20 cents

SINA GRANDNESS (48.5 cents) – Likely to ease
- Break below 47 cents indicates a target of 35 cents
- Resistance is at 50 cents

(Source: TheEdgeSingapore July 4 2011)