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)