Calm amid the storm

FRASER AND NEAVE ($6.09) – Attempting reversal
- Continues to gain relative strength
- 50 day moving average could soon move above the 200 day moving average
- Price are near resistance at $6.30
- Support is at $5.89

CITY DEVELOPMENTS ($10.25) – Reverse head and shoulders
- Reverse head and shoulder pattern looks quite prominent
- Quarterly momentum is attempting to strengthen
- A breakout indicates a target of $12
- Support has been established at $9.60

WING TAI HOLDINGS ($1.25) – Meandering base
- Counter looks like forming a double bottom
- Chart pattern looks weak
- Support is at $1.21
- Resistance is at $1.30

KEPPEL LAND ($2.66) – Attempting reverse head and shoulders
- Reverse head and shoulder pattern is still developing
- Quarterly momentum remains weak
- Support is at $2.55
- Resistance/breakout is at $2.80

CAPITALAND ($2.64) – Drawn out base formation
- Quarterly momentum remains in negative territory
- Price are stuck in the base area at $2.60 to $2.70 range
- Support is raised to $2.50
- Break above $2.70 indicates a target of $3.60

HO BEE INTERNATIONAL ($1.25) – Downtrend still in force
- One of the weakest stocks in the property sector
- Quarterly momentum confirms the downtrend
- Immediate support is at $1.24. Break above $1.30 would break the declining trend
- Break below this level indicates downside around $1.08

(Source: TheEdgeSingapore November 14 2011)