Hard landing for Chinese S-chips

GLOBAL LOGISTIC PROPERTIEIS ($1.595) – Drifting lower
- Support is at $1.48
- Break below support indicates a target of $1.36
- Resistance is at $1.80
YANLORD LAND GROUP ($1.085) – Temporary rebound is over
- Sharp rebound looks like over for now
- Support has been established at 70 cents
- Prices could fall back as the 100 day moving average acts as resistance
YING LI INTERNATIONAL (28.5 cents) – Weaker than sector
- Quarterly momentum remains in a downtrend
- Counter has underperformed some of its larger peers
- Support is at 20 cents
PAN HONG (32 cents) – Temporary rebound possible
- Quarterly momentum is at a low point
- Resistance is at 36 cents
- Any rebound is unlikely to be sustained
- Support is at 26 cents
CENTRALAND (40 cents) – Totally sidelined
- Based on declining quarterly momentum prices could fall
- Support is at 30 cents
- Resistance is at 45 cents
CAPITARETAIL CHINA TRUST ($1.1.75) – Should start to strengthen
- Prices are stuck below 50 day moving average
- Prices may be strong enough to attempt a test of $1.185
- Support is at $1.15
(Source: TheEdgeSingapore October 31 2011)

Index components have mixed outlooks

JARDINE C&C ($41.40) – Uptrend intact
- Uptrend still intact
- In the short term prices are likely to move sideways
- Support is at $38 and resistance is at $43

JARDINE MATHESON HOLDINGS (US$49.95) – Greater relative strength
- Counter has sustained its uptrend
- Annual momentum is still above its equilibrium line
- Support/breakdown is at $48 level
- Resistance appears at US$51

KEPPEL CORP ($8.78) – Downtrend intact
- Volume contracted during the two week rebound
- Annual momentum continues to fall
- Support has been established at $7
- Resistance is at $9

SEMBCORP MARINE ($3.76) – Reverting to trend
- Annual momentum has fallen below its equilibrium line
- Volume expanded on black candle weeks a sign that there is selling pressure
- Rebound is a countertrend move and unlikely to be sustained
- Resistance is at $4 support is at $3.20

SEMBCORP INDUSTRIES ($3.94) – Shooting star
- Prices have rallied but volume contracted during white candle weeks
- The testing of resistance is at $4
- Short term oversold pressures have been alleviated
- Support/breakdown is at $3.40

SINGAPORE AIRLINES ($10.92) – Resumes downtrend
- The downtrend remains intact
- Temporary rally was triggered by short term oversold pressures
- Resistance is at $11.45, support appears at $10.40

(Source: TheEdgeSingapore October 24 2011)

Safety in the markets

CAPITAMALLS TRUST ($1.88) – Seeking alpha
- In trading range all year
- Test the confluence of 100 and 200 day moving averages at $1.85
- Ceiling appears at $1.92
- Support at $1.78

CAPITARETAIL CHINA TRUST ($1.17) – Limited downside and upside
- Volume shrank on the decline, indicating absence of selling pressure
- Support is at $1.15
- Resistance is at $1.20

CAPITAMALLS ASIA ($1.28) – Forming a bottom?
- Technical indicators are looking better than the STI
- Volume has been rising on white candle days
- Downtrend intact unless it clears $1.36
- Support is at $1.14

CAPITALAND ($2.52) – A positive divergence
- There is now a clear divergence between price and quarterly momentum
- Resistance is at $2.51
- Support is at $2.38 to $2.43 range

FRASERS CENTREPOINT TRUST ($1.46) – Testing resistance
- This counter is one of the first to move above its 50 day moving average at $1.45
- It is also trying to clear its 100 day moving average
- Prices will probably remain within a narrow range between $1.45 and $1.50

MAPLETREE INDUSTRIAL TRUST ($1.15) – Attempting a rebound
- Prices found support at $1.05
- Prices should move sideways in the next few weeks
- Any recovery is likely to meet resistance between $1.13 to $1.14 region
- Prices remain above its IPO price of 93 cents

(Source: TheEdgeSingapore, October 17 2011)

S-chips' loss in transition

CHINA ANIMAL HEALTHCARE (22.5 cents) – Heading back to 2008
- Prices could yet decline further
- Prices are headed towards 2008 level

CHINA MINZHONG (87.5 cents) – Temporary reprieve for a penny stock
- Prices are at their lowest since listing
- Resistance at 90 cents
- Prices are likely to break 84 cents which indicates a target of 60 cents

SYNEAR FOODS (12.9 cents) – Testing crisis low
- Prices appear to have stopped falling
- Recovery doesn’t look forthcoming
- Near term price movements are between 12 and 14 cents

SOUND GLOBAL (46.5 cents) – Heading south
- Global financial crisis low of 17 cents could be retested
- Psychological 50 cent mark is likely to act as resistance

MIDAS HOLDINGS (34 cents) – Approaching 2008 low
- The 2008 low was 29 cents and prices are approaching this level
- Recovery may be meager and insipid

YANDLORD LAND (83.5 cents) – Support appears at 2008 low
- Current rebound is temporary and prices have yet to bottom
- Selling pressure still exists on the weekly chart

(Source: TheEdgeSingapore October 10, 2011)

Cyclicals break supports

KEPPEL CORP ($7.94) – Breaks support
- Prices broke below support at $8.40
- Breakdown indicates target of $7.30
- Resistance is at $8.40

NOBLE GROUP ($1.40) – No let up in decline
- Area around $1.30 is weak and is likely to be breached
- Breakdown indicates target of 96 cents
- Any rebound to be mild

SWIBER (50 cents) – Set for a break below 44 cents
- Support is at 44 cents and is set to be breached
- Breakdown indicates target of 30 cents

SEMBCORP MARINE ($3.35) – Breaks support
- Broke support at $3.60
- Measuring objective of $2.80
- Resistance is at $3.60

OLAM INTERNATIONAL ($2.33) – Better relative strength
- Quarterly momentum is in negative territory
- Support is at $2.05
- Resistance is at $2.45

YANGZIJIANG SHIPBUILDING (93 cents) – Poised for a break
- Prices are breaking support at 95 to 96 cent range
- Breakdown indicates a target of 75 cents
- Any rebound is likely to be mild

(Source: TheEdgeSingapore October 3 2011)