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)