Stocks at new one-year highs

LOW KENG HUAT (55.5 cents) – New 15 year high
- Prices are at new 15 year high
- Volume has surged with price
- Short term indicators are overbought
- Temporary retreat towards 54 cents should materialize

HO BEE INVESTMENT ($1.79) – Makes new one-year high
- Prices are at a new one-year high
- Counter could be a privatization candidate
- Prices are somewhat high and short term indicators are overbought

GUOCOLEISURE ($0.625) – Breaks out of base
- Prices have just broken out of neckline resistance
- Break looks good and indicates target of 72 cents
- Mooted as a privatization candidate

DEL MONTE PACIFIC (60 cents) – Forming a bull flag
- Temporary pause is underway
- Support should appear at 59 cents
- Current sideways move is likely to be brief and shallow

GUOCOLAND ($2.42) – Upclimb to resume
- Technically uptrend should continue
- Current sideways move appears to be a correction in an uptrend
- Break above $2.45 would lead to resumption in upclimb with objective of $2.65

CAPITALAND ($3.57) – Uptrend to continue
- Counter broke out of resistance at $3.50
- Quarterly momentum is positive
- Support appears at $3.50
- $4 is likely to provide formidable resistance

(Source: TheEdgeSingapore December 10 2012)

Commodity stocks remain weak

GOLDEN AGRI-RESOURCES (66.5 cents) – Start of base formation


- Temporary rebound is underway

- Chart pattern could start to resemble a base formation

- Support is at 60 cents


INDOFOOD AGRI ($1.25) – Finds support

- Prices found support at $1.19

- No signs of positive divergence

- Immediate resistance appears at $1.26


FIRST RESOURCES ($2.14) – Support holds

- Prices have bounced off $2 to $2.03 support

- Resistance is at $2.20

- Support at $2 to $2.03 could give way eventually

- Next support is at $1.90



NOBLE GROUP ($1.08) – Poised for breakdown

- Temporary rebound is probably over

- If thrice tested support area at $1.02 to $1.07 does not hold, downside target is 90 cents

- Break above $1.10 could negate the negative outlook



OLAM INTERNATIONAL ($1.56) – Relief rally

- Break below $1.61 indicates a downside of $1.44

- Resistance is a $1.61

- In the short term, oversold pressures should trigger another temporary rebound

- Eventually prices are likely to fall below $1.46



WILMAR INTERNATIONAL ($3.19) – Signs of bottoming

- Prices are attempting to establish a floor

- Attempting to move above 50 and 100 day moving averages

- Positive divergence between price and momentum since June

- Breakout is needed for divergence to confirm price upmove



(Source: TheEdgeSingapore December 3 2012)

Blue chips in temporary rebound

DBS GROUP HOLDINGS ($13.89) - Temporary rebound

- Prices are hanging on

- Resistance at $14 to $14.20 level

- There has been some selling with volume expansion as prices drifted lower

CITY DEVELOPMENTS ($11.28) - Bounces off 200 day moving average

- Resistance is at $11.50

- Break below moving average would cause a simultaneous break below support at $11

- Support at $10.30 to $10.50 level should stop decline

KEPPEL CORP ($10.55) - Temporary rebound

- Temporary rebound is underway

- There is a target of $9.80 indicated from the break below double top in October

- Trend remains downwards

NOBLE GROUP ($1.075) - Momentary bounce possible

- In the process of a temporary bounce

- Resistance likely to appear at $1.10

- Break below $1 gives downside of around 75 cents

OLAM INTERNATIONAL ($1.685) - Downtrend to continue

- Temporary rebound is unlikely to be sustained

- Resistance is lowered to $1.80

- Some support at $1.61 which is unlikely to hold

- Downside target is $1.44

SEMPCORP MARINE ($4.38) - Temporary rebound underway

- Resistance appears at $4.50

- Initial downside target of $4.20 has been reached and breached

- If November low of $4.11 is broken it will cause a measured move to the downside

(Source:  TheEdgeSingapore November 26 2012)

Tide goes out

SEMBCORP MARINE ($4.40) - Short term oversold
- Short-term stochastics is at the bottom of its range
- In the medium term, technicals are negative
- Prices broke below $4.80 indicating a downside of $4.20

SEMBCORP INDUSTRIES ($5.04) - Sharp sell-off
- Short term oversold pressures could trigger temporary rebound
- Rebound is likely to find resistance at 200 day moving average
- Break below double top indicated target of $4.80

KEPPEL CORP ($10.38) - Breaks below support
- Prices have just broken below support
- Recent breaks indicates a target of $9.80
- Quarterly momentum has fallen below its support and equilibrium line
- Any rebound is likely to be temporary with resistance at $10.70

YANGZIJIANG (93.5 cents) - Locked in downtrend
- Prices are attempting to build a base
- Unlikely to break resistance at 97 cents
- Support appears at 89 cents
- Breakdown would indicate a downside of 79 cents

COSCO CORP (90.5 cents) - Testing resistance
- On a purely technical basis, this counter could have seen the worst of its declines
- Resistance is at 94 to 95 cents range
- There is some buying resistance which may take the counter to 95 cents
- Eventual successful breakout would give target of $1.20 to $1.22
- Support is at 85 cents

NAM CHEONG (23.5 cents) - Prices have peaked
- Uptrend remains intact
- Quarterly momentum appears poised to breakdown shortly
- Upcoming decline may be part of a top formation
- Support is at 22 cents.  If this is breached, downside is at 17.5 cents

(Source:  TheEdgeSingapore November 12, 2012)

Indonesian presence

GOLDEN AGRI-RESOURCES (63.5 cents) - Temporary rebound
- Prices may attempt to sart bottoming
- Prices are trying to hold on to support at 63 cents
- Short term trading range is likely to be narrow with prices between 63 and 65 cents
- Indicators are falling, breakdown could still materialize

INDOFOOD AGRI ($1.275) - Drifting lower
- Dead cross of 50 and 100 day moving averages could keep prices under pressure
- Counter broke sideway trading range indicating target of $1.15
- Prices may continue to trend lower
- Rebound would find resistance at $1.35

SAMKO TIMBER (13.5 cents) - Attempting breakout
- Breaking out of a minor base formation
- Breakout level is at 13 cents
- Break indicates target of 18 cents

SINARMAS LAND (28 cents) - Stuck beneath moving averages
- Trading below NAV of 49 cents
- Technically the chart does not look exciting
- Prices are attempting to find support at 27 cent level
- Moving averages are bunched together at 29 cents

FIRST REIT ($1.07) - Over-extended
- Prices are still very much on an uptrend
- Quarterly momentum formed a negative divergence with price
- Next level of resistance appears at $1.26

LIPPOMALLS RETAIL TRUST (47.5 cents) - Temporary correction
- Temporary retreat is underway
- Resistance is at 49 cents
- Move is likely to be correction in an uptrend
- Break above 49 cents indicates target of 59 cents

(Source:  TheEdgeSingapore October 29 2012)

Indigestion plagues food stocks

SUPER GROUP ($2.50) - Poised for breakout
- Appears poised to move above resistance at $2.50
- Successful breakout indicates a target of $2.85
- Support is at $2.42

DEL MONTE PACIFIC (51 cents) - Attempting breakout
- Prices appear to have moved sideways forever
- Prices managed to move past resistance at 48 cents
- Breakout indicates target of 63 cents
- Support is at 48 cents

YEO HIAP SENG ($4.67) - Breaks down
- Quarterly momentum has turned down
- Accelerated upmove is set to give way to equally sharp fall
- Support is at $4.80
- Break below this level would cause a drop to $2.50

KHONG GUAN FLOUR MILLING ($2.25) - Sharp retreat underway
- Accelerated upmoves are almost never sustainable
- Support is at $2.20
- Break below this level would cause prices to fall swiftly to $1.77

BREADTALK (60 cents) - Facing resistance
- Prices are facing resistance
- Volume has contracted a breakout may not materialise
- Resistance is at 63 cents
- Support is at 54 cents

AURIC PACIFIC ($1.24) - Set for a fall
- Quarterly momentum has turned down
- Immediate support is at $1.26
- Fall beow this level would trigger a decline to $1
- Resistance is at $1.30

(Source:  TheEdgeSingapore October 22 2012)

Property plays attract interest

SC GLOBAL DEVELOPMENTS ($1.15) – Approaching support
- Technically move below the support area at $1.19 to $1.21 is not positive
- Moving averages are positively placed
- Negative divergence between 21 day RSI and price suggests corrective phase is not over

WING TAI HOLDINGS ($1.68) – Temporary retreat
- Negative divergence between momentum and price is causing a correction
- Support is at $1.56
- Correction phase may have some way to go
- Uptrend is likely to stay intact

HO BEE INVESTMENTS ($1.445) – Sharp retreat
- Prices are correcting following negative divergence between momentum and price
- Support is approaching at $1.40
- Prices are currently at 40% discount to NAV

GUOCOLAND ($2.10)- Facing resistance
- A correction is imminent
- Quarterly momentum has broken a minor support
- Immediate support is at $2
- Pullback is likely to be temporary and part of a broader uptrend

GUOCOLEISURE (63.5 cents) – Testing support
- In the past two weeks, prices have retreated
- Moving averages would trigger a rebound
- Resistance is at 67 cents
- Upside is at 72 cents

CITY DEVELOPMENTS ($11.57) – Sideways range
- Clear negative divergence between momentum and price
- Momentum looks set to find support
- Resistance is at $12 level
- Support is at $11.20 level
- Prices may stay within a trading range

(Source:  TheEdgeSingapore October 15 2012)

Commodity plays stay weak

GOLDEN AGRI-RESOURCES (63 cents) – Downtrend intact
- Prices have been on a downtrend
- Immediate support is at 63 cents
- Prices are poised to break below 63 cents
- Initial downside of 57 cents

INDOFOOD AGRI RESOURCES ($1.29) – Breaks support
- Prices were entrenched within a narrow range
- Now breaking down from sideways trend
- Any rebound meets with resistance at $1.35

FIRST RESOURCES ($2) – Breaks minor support
- Any rebound is likely to be mild
- Breakdown indicates downside of $1.80
- Quarterly momentum is declining supporting the downtrend

NOBLE GROUP ($1.29) – Rebound falters
- Inability to move about $1.35 may halt recovery
- Psychological $1 level provides ample support for retreat

OLAM INTERNATIONAL ($2) – Retreats from resistance
- Quarterly momentum has formed a divergence with price
- Minor support appears at $1.98
- Although momentum is weakening the downside could be protected by dwindling volume

WILMAR INTERNATINAL ($3.16) – Drifting sideways
- This is the least bearish of the commodity stocks
- It’s too early for prices to have bottomed
- There is psychological support at $3
- Breakout level is lowered to $3.24

(Source:  TheEdgeSingapore October 8 2012)

A mixed basket of blue chips

SINGAPORE TELECOMS ($3.20) – Sell-off

-         Decline on a surge in volume signals selling pressure

-         Prices had been in a long sideways range before breaking out in June

-         Likely to head towards support at $2.95 to $3 range

-         Resistance is at $3.30

STARHUB ($3.67) – Forming a top

-         Quarterly momentum collapsed and fell below support

-         Prices are set to follow

-         Breakdown level is at $3.50

-         A breakdown would indicate target of $3

ST ENGINEERING ($3.47) – Uptrend stays intact

-         Counter has maintained its uptrend

-         Resistance has been established at $3.56

-         Support is at $3.38

SEMBCORP INDUSTRIES ($5.70) – Sideways consolidation

-         Prices are beginning to range sideways

-         Support is at $5.40

-         Resistance is at $5.80

-         An earlier break above $5.40 indicates target of $6.30

SINGAPORE AIRLINES ($10.66) – Testing resistance

-         Directional movement indicators point to price moving sideways to lower

-         Immediate support stays at $10.55

DBS GROUP HOLDINGS ($14.37) – Testing support at neckline

-         Prices could be forming a top

-         Momentum trend is turning down

-         Resistance has been established at $14.70

(Source:  TheEdgeSingapore October 1 2012)

Hotel stocks testing highs

AMARA HOLDINGS (40 cents) – Breaks out of base

-         Quarterly momentum is beginning to rise

-         Indicators point to price rise

-         Breakout indicates initial and final target of 45 cents and 48 cents respectively

-         Support is at 39 cents

GUOCOLEISURE (60.5 cents) – Forming a base

-         Prices appear to be forming a major double-bottom

-         Breakout level is at 62 cents

-         In the short term prices may ease

-         Support is at 59 cents

BONVESTS ($1.035) – Poised for breakout

-         Prices appear poised to break out of minor resistance at $1.04

-         Quarterly momentum is only just picking up steam

-         Technical indicators pointing to further upside for the counter

CDL HOSPITALITY TRUSTS ($1.99) – Could ease

-         In short term, prices could experience a minor bounce with resistance at $2.05

-         Quarterly momentum is falling

-         It appears that the largest gains could be over for now

HOTEL PROPERTIES ($2.85) – Temporary retreat

-         Uptrend of the past three months may experience a temporary hiccup

-         Technical indicators suggest that correction is likely

-         Immediate support is at $2.80.  Next support is at $2.70

-         Resistance is at $2.94

OVERSEAS UNION ENTERPRISE ($2.84) – Poised for temporary retreat

-         Technically trend is still up

-         Accelerated move is likely to abate and correction is imminent

-         Support is at $2.70

(Source:  TheEdgeSingapore September 24 2012)

Offshore segment rides rising tide

EZION HOLDINGS ($1.26) – Overstretched

-         Prices have met and surpassed $1.25 target

-         No signs of a downturn

-         Support is at $1.08

EZRA HOLDINGS ($1.15) – Breaking out of a base

-         Prices have moved above twice tested $1.12 level

-         Target of breakout is $1.37

-         Volume and technical indicators suggest that breakout is good

-         Support is at $1.12

LOYZ ENERGY (49.5 cents) – Uptrend intact

-         Target of 55 cents was indicated following breakout

-         Temporary retreat could ensue

-         Support is at 49 cents

KREUZ (36 cents) – Breaks out of consolidation

-         Prices have just moved out of reversal pattern at 33 cents

-         Breakout indicates target of 43 cents

-         Any retreat finds support at 33 cents

ASL MARINE (62.5 cents) – Emerging from sideways range

-         Prices may attempt to test resistance at 62 cents

-         Successful breakout indicates target of 74 cents

-         Prices have a good chance of a breakout

NAM CHEONG (21.5 cents) – Breaks above resistance

-         Prices have just moved out of a tight sideways range

-         Earlier break indicates target of 23 cents which has not been met

-         Support is raised to 19.5 cents

(Source:  TheEdgeSingapore September 17 2012)

Fatigue sets in for blue chips

JARDINE MATHESON (US$54.29) – Intact for the time being

-         Managed to hold on to its greater relative strength

-         Prices remain above its 50, 100 and 200 day moving averages

-         Support/breakdown level is at US$53.50

-         Resistance is at US$55.20

JARDINE C&C ($46.19) – Breaking below support

-         Prices are sinking, testing the 200 day moving average

-         Signs that prices are set to move lower

-         Break below $46 indicates an objective of $42

FRASER & NEAVE ($8.25) – Forming a top

-         Prices have been stuck in a range

-         The uptrend of the quarterly momentum is intact

-         If prices test and break below $8.20 it would indicate a target of $7.60

SEMBCORP INDUSTRIES ($5.39) – Weakening chart pattern

-         Prices appear to be weakening

-         Volume has expanded on black candle days

-         Initial support line at $5.39

SEMBCORP MARINE ($4.93) – An easier phase ahead

-         Prices have broken below 50 day moving average

-         Prices need to move above $5 to regain their initiative

KEPPEL CORP ($10.99) – Could be forming a top

-         Prices could be forming a minor head and shoulder top

-         Move below $11 indicates an initial downside of $10.30

(Source:  TheEdgeSingapore September 10, 2012)

Offshore plays await rising tide

SEMBCORP MARINE ($5.06) - Temporary consolidation

- Temporary retreat is underway

- If market remains resilient, prices should not fall below $5

- Break above $5.14 indicates an initial target of $5.40 to $5.50 with eventual upside of $6.20

SEMBCORP INDUSTRIES ($5.71) - Uptrend intact

- Temporary correction is underway

- Support appears at $5.40

- An earlier break above $5.40 indicated a target of $6.30

KEPPEL CORP ($11.58) - Uptrend continues

- Temporary consolidation is in force

- Prices may move within narrow range between $11.20 and $11.70

- Break above $11.20 indicates a target of $13

ASL MARINE (61 cents) - Could break out of consolidation

- Prices moved above resistance at 59.5 cents

- Next resistance is at 68.5 cents

- If quarterly momentum manages to break out counter could move out of its sideways trading range

SINGAPORE AIRLINES ($10.88) - Testing resistance

- Prices are likely to find it very difficult to break above resistance at $10.96 to $11 level

- A successful breakout would provide upside of $12

- Support is at $10.55

TIGER AIRWAYS (74 cents) - Facing resistance

- Quarterly momentum is in positive territory

- Resistance appears at 82 cents

- Support is at 73 cents

(Source:  TheEdgeSingapore August 27 2012)

Plays for the land Down Under

TAT HONG HOLDIGS ($1.15) – Breaks out

-         The 50 and 100 day moving averages made a positive cross

-         Price broke above resistance at $1.08

-         The upside indicated from the break is at $1.26

EZION HOLDINGS ($1.08) – Set for new high

-         Prices could experience a short term retreat

-         Overall the uptrend is intact

-         Support is at $1

-         Earlier break indicates an upside of $1.30

PAN-UNITED CORP (60.5 cents) – Uptrend continues

-         This chart pattern’s uptrend is a textbook formation

-         In the short term prices could consolidate

-         An eventual break above 61 cents would lead to objective of 72 cents

AUSGROUP (37 cents) – Could break out of consolidation

-         Prices are ready to rise

-         Short term chart pattern looks like a minor reverse head and shoulders base

-         Successful break would indicate an upside of 45 cents

-         Support is at 34 cents

TIONG WOON (24.5 cents) – Could break down

-         Prices have fallen below the 50, 100 and 200 day moving averages

-         Next support is at 21 cents

-         Breakdown indicates a target of 19.5 cents

LOW KENG HUAT (Singapore) (44 cents) – Facing resistance

-         Resistance cum breakout is at 44 cents

-         Successful break would indicate upside of 55 cents

-         Support is at 42 cents

(Source:  TheEdgeSingapore August 20 2012)

Hotel stocks could rerate

BONVESTS (95 cents) – Breaks out

-         Prices are attempting to move out of a narrow range

-         Successful break above 96 cents level indicate an upside of $1.08

-         Support is at 93 cents

CDL HOSPITALITY TRUSTS ($2) – Meeting resistance

-         Broad uptrend remains intact

-         Support should appear at $1.95

-         Resistance is at $2.07

HOTEL PROPERTIES LTD ($2.28) – Challenging resistance

-         Prices may lose steam before they retest $2.39

-         ADX has turned down, curtailing the extent of the upmove

-         Immediate support is at $2.20

-         Breakout above $2.39 indicates target of $2.75

HOTEL GRAND CENTRAL (78.5 cents) – Set for retreat

-         Prices are set to fall

-         Support is at 77 cents which when broken will cause prices to fall to 73 cents

-         Resistance is at 79 cents

OVERSEAS UNION ENTERPRISE ($2.54) – Developing uptrend

-         Prices broke out of sideways formation

-         Break above $2.42 establishes this as a support and indicates upside of $2.90

-         Temporary consolidation in the near term

AMARA HOLDINGS (37 cents) – Likely to ease

-         This is probably the weakest of the hotel stocks

-         Prices are trying to hold on to support at 36 cents

-         Support is at 35 cents and breakdown points to downside of 30 cents

(Source: TheEdgeSingapore August 13, 2012)

Blue chips attempt rebound

FRASER & NEAVE ($7.30) - Breaks out

- Earlier break above moving averages negated the downtrend

- Quarterly momentum has also moved above its own moving average

- Move above $6.90 indicates an objective of $7.50

JARDINE CYCLE & CARRIAGE( $48.88) - Breaks out of downtrend

- Prices moves out of downtrend indicating objective of $51

- Quarterly momentum has moved above its equilibrium line

- Support is at $46

JARDINE MATHESON (US$51.28) - Breaking out of resistance

- Prices have just moved above 100 and 200 day moving averages

- Break has yet to be supported by quarterly momentum

- If quarterly momentum breaks above equilibrium line it could trigger a price breakout with objective of $54.50

SEMBCORP INDUSTRIES ($5.27) - Breaks out

- Quarterly momentum is turning up

- Prices are inching above resistance level at $5.16 to $5.20

- Break above resistance level indicates an objective of $5.80

SINGAPORE TELECOMMUNICATIONS ($3.36) - New high

- Trend has finally resolved on the upside

- Prices are at a new high

- Breakout indicates target of $3.50

- Support is at $3.20

WILMAR INTERNATIONAL ($3.68) - Base formation

- Prices are beginning to form a base

- The top of the base is at $3.78

- ADX and DIs indicate that the worst of the decline is over

- Eventual break above $3.78 indicates an upside of $4.30

(Source: TheEdgeSingapore July 9 2012)

Blue chips attempt rebound

CITY DEVELOPMENTS ($10.71) - Breaks out of resistance

- Minor recovery phase is not over

- There is a target of $11.44 near resistance at $11.47

- Volume did not expand as price broke out

SINGAPORE AIRLINES ($10.24) - Starting base formation

- Prices have managed to find support near $10

- Prices may remain sideway

- Resistance/breakout is at $10.40

SINGAPORE EXCHANGE ($6.40) - Testing top of minor base

- Prices are at the neckline

- Quarterly momentum has recovered

- Resistance is at $6.41

- Support is at $6.05

DBS GROUP HOLDINGS ($13.75) - Challenging resistance

- Prices have moved above resistance

- Quarterly momentum is attempting to recover

- Follow through movement may meet constraints

OVERSEA-CHINESE BANKING CORP ($8.78) - Attempting breakout

- Prices are in recovery phase

- Resistance is at $9

- Overall there is no clear uptrend

- Resistance between $9 to $9.30

UNITED OVERSEAS BANK ($18.10) - Breaks out of minor base

- Quarterly momentum has cleared resistance

- Upmove is unlikely to be sustained

- Resistance is at $19

(Source:  TheEdgeSingapore June 25, 2012)

Situational plays attract interest

AMARA HOLDINGS (34 cents) - Rebound in a downtrend

- There is no reversal of downtrend

- Prices are likely to move below support at 34 cents

- Earlier break below double top at 37 cents indicates target of 29 cents

- Resistance is at 37 cents

GUOCOLEISURE (58.5 cents) - Poised to break above moving average

- Rebound is underway

- Break above 60 cents would provide impetus to test 66 cents

- Support is at 54 cents

HO BEE INVESTMENT ($1.12) - Downtrend intact

- Range is likely to be quite tight

- Resistance is at $1.15

- Support is at $1.08

HOTEL GRAND CENTRAL (74 cents) - Attempting upturn

- White candle may provide prices with some upward momentum

- Current moves are liley to be a rebound in a downtrend

- Resistance is at 78 cents

- Support is at 74 cents

HOTEL PROPERTIES ($1.885) - Attempting breakout

- Prices are attempting to move above $1.91

- Resistance is at $2.02 and break above this level indicates upside of $2.34

- Support is at $1.88

POPULAR HOLDINGS (19.7 cents) - Uptrend intact

- Support for the decline is at 19.5 cents

- Technicals confirm the corrective phase

- Break below 19.5 cents indicate a downside of 16 cents

(Source:  TheEdgeSingapore June 18, 2012)

Blue chips attempt rebound

FRASER AND NEAVE ($6.55) – Rebound in a downtrend

-         Downtrend is quite clear

-         Dead cross between 50 and 100 day moving averages is likely to limit rebounds

-         Clear break below 200 day moving average would cause the decline to accelerate

CITY DEVELOPMENTS ($9.96) – Attempting rebound

-         Sharp decline is over for now

-         Resistance is at $10.50

-         Support is at $9.80

-         Sideways range could imply that prices are attempting to form a bottom

SINGAPORE TELECOMMUNIATIONS ($3.12) – Rebound in force

-         Price volatility continues

-         $3.11 to $3.12 level is likely to provide resistance on any rebound

-         Prices are likely to remain rangebound

-         Support is at $3.04

JARDINE C&C ($43.60) – Resistance at hand

-         Prices are in a rebound stage

-         Prices fell below a larger top at $44 indicating an eventual target of $38.

-         Breakdown level of $44 is likely to provide resistance

SINGAPORE EXCHANGE ($6.19) – Limited downside

-         There could be limited downside from now on

-         It may be that the $6 support holds and prices start a base formation

-         Resistance is at $6.35 level and the dead cross between 200 and 100 day moving averages will cap rebound

JARDINE MATHESON (US$48.79) – Meeting resistance

-         Prices have further to fall

-         Break below US$48 indicates a downside of US$43.20 initially and US$42 subsequently

(Source:  TheEdgeSingapore June 11 2012)

Blue chips mixed

CITY DEVELOPMENTS ($9.93) – Finding support?

-         Prices are unlikely to decline sharply in next few weeks

-         Support is at $9.80

-         Resistance is at $10.50

DBS GROUP HOLDINGS ($13.22) – Temporary bounce

-         Medium term technical outlook is deteriorating

-         Support is at $12.92

-         Breakdown would indicate a target of $11.80

-         Resistance is at $13.50

KEPPEL CORP ($9.99) – Temporary rebound

-         Resistance is at $10.50

-         Prices may ease

-         Break below support at $10.50 indicates a target of $9

SEMBCORP MARINE ($4.46) – Temporary rebound

-         Resistance appears at $4.65 to $4.68 level

-         On the whole, trend has turned down

-         Prices fell below $4.80 indicating a target of $4

SINGAPORE AIRLINES ($10.20) – Finding support

-         Short term indicators are neutral

-         Support is at $10 resistance is at $10.50

UNITED OVERSEAS BANK ($17.36) – Support/breakdown at hand

-         Prices are testing support at $17.33

-         Resistance appears at $18

-         Breakdown level was at $18 and downside is at $16.50

(Source:  TheEdgeSingapore 28 May 2012)

Penny stocks wane

OXLEY HOLDINGS (38 cents) – Poised to break below top

-         Price has broken  down support at 37.5 cents indicating a target of 30 cents

-         Quarterly momentum appears poised for a breakdown

-         Resistance is at 40 cents

INTERRA RESOUCES (38.5 cents) – Building a top

-         Quarterly momentum has broken below support

-         In the immediate term, prices could bounce off 40 cents

-         Breakdown level is at 38 cents

-         A breakdown would indicate a target of 24 cents

YOMA STRATEGIC HOLDINGS (51 cents) – Could strengthen

-         Prices are in top formation

-         Breakdown level is at 50 cents

-         Breakdown would indicate a initial target of 40 cents and eventual target of 27 cents

-         Rebounds are capped at 54 cents

JEL CORP (17 cents) – Set to ease further

-         Prices may have peaked at 16 cents

-         Rebound on 2 May occurred on relatively lower volume a sign of change

-         Breakdown level is at 6 cents

TT INTERNATIONAL (14.1 cents) – Volatility signals a top

-         Prices have turned extremely volatile in the past two months

-         Resistance has been established at 16.5 cents

-         Support/breakdown is at 12 cents

IPCO INTERNATIONAL (2.1 cents) – On borrowed time

-         Quarterly momentum is resting on support

-         Breakdown level is at 1.8 cents

-         Punters should tread with caution

(Source:  TheEdgeSingapore May 7 2012)

Liquid assets

DBS GROUP HOLDINGS ($13.72) – Likely to ease
- Prices are probably in for period of sideways consolidation
- At present, prices are likely to face resistance
- Support is at $13

OVERSEA CHINESE BANKING CORP ($8.95) – Moves above resistance
- Break above $9 indicates a modest upmove to $9.60
- The upward bias is confirmed by upcoming cross between 100 day and 200 day moving averages

UNITED OVERSEAS BANK ($18.58) – Could strengthen
- Prices are now testing resistance at $18.50
- Successful break would indicate a target of $19.50

SINGAPORE EXCHANGE ($6.80) – Set to ease further
- Prices are hovering around support area
- Quarterly momentum is declining
- Resistance is at $6.90
- Break below $6.65 would provide the impetus to fall to $6

ARA ASSET MANAGEMENT ($1.525) – Starting to peak
- Momentum is retreating sharply, suggesting that prices are likely to follow suit
- Immediate support is at $1.50
- Break below support with momentum to fall below 50 day moving average towards $1.35

GREAT EASTERN HOLDINGS ($13.70) – Consolidating gains
- Prices are at the area of support
- Resistance is at $13.90
- Breakout would provide objective of $15

(Source:  TheEdgeSingapore April 30 2012)

Coal Play

AUSGROUP (41.5 cents) – Poised for upmove
- Although price ease, the up momentum may well return
- Support is at 38 cents
- Break above 40 cents would give a measuring objective of 50 cents

NAM CHEONG (21 cents) – At the start of an upward acceleration
- Prices could be at the start of an accelerated upmove
- Price broke above twice tested resistance at 20.5 cents
- Break could indicate a target of 30 cents
- Support is at 20 cents

PSL HOLDINGS (40.5 cents) – Breaks out of resistance
- Sign that a correction/consolidation is underway
- Key level to watch is at 37 cents
- Sustained breakout above 37 cents would indicate upside potential of 46 cents

ASL MARINE (58 cents) – Set for rebound
- ADX indicates that prices could well rally
- Support is at 55 cents
- Resistance is at 61 cents
- Breakout would indicate an upside of 67 cents

INTERRA RESOURCES (49.5 cents) – Overextended
- Prices are overextended and appear poised for a pullback
- Initial support is at 35 cents

MANHATTAN RESOURCES (84.5 cents) – Base formation
- Prices are in bottom formation
- Prices have an opportunity to move up to 92 cents
- Support is at 84 cents

(Source: TheEdgeSingapore April 16, 2012)

Third liners on the run

HONG FOK CORP (59 cents) – Takes a breather
- Temporary correction is underway
- Support is at 60 cents
- Difference between price and moving average is highest in 2 years
- Resistance is at 65 cents

SIM LIAN GROUP (63 cents) – Fatigue to set in
- Largest gain could be over for the time being
- Rising prices are accompanied by falling volume
- Support is at 60 cents
- Resistance is at 63 cents

ROXY PACIFIC HOLDINGS (56 cents) – Early signs of fatigue
- Up momentum has been broken by short sideway range
- Immediate support is at 55 cents
- Breakdown could see prices fall towards 50 day moving average

FRAGRANCE GROUP (44 cents) – Decelerating uptrend
- Main uptrend is still intact
- Support/breakdown is at 44 cents
- Breakdown points to decline to 40 cents
- Resistance is at 49 cents

OXLEY HOLDINGS (41 cents) – Overextended
- Prices are overextended and appear poised for a pullback
- Support is at 40.5 cents
- Resistance is at 43.5 cents

SEE HUP SENG (24 cents) – Ready to break out
- Short term indicators have turned up
- Support has been established at 21.5 cents
- Immediate break above 25 cents provides impetus to test 30 cents

(Source: TheEdgeSingapore April 9 2012)

Offshore plays drift sideways

KEPPEL CORP ($10.88) – Sideways consolidation
- Corrective phase may continue
- Breakout of thrice tested resistance at $11.10 appear difficult
- Watch the rising 50 day moving average and neckline support at $10.70

SEMBCORP MARINE ($5.24) – Correction remains in force
- Correction will likely persist
- Resistance is at $5.40 level
- Break below 50 day moving average could prolong consolidation

SEMBCORP INDUSTRIES ($5.26) – Correction underway
- Prices will likely drift sideways
- Resistance has been established at $5.40
- Neckline support is at $5

ASL MARINE (55.5 cents) – Set for rebound
- Counter could attempt a rebound soon
- Prices are near support at 55 cents
- Resistance is at 65 cents

YANGZIJIANG SHIPBUILDING ($1.31) – Continued consolidation
- Current moves will probably continue to be sideways
- Support is at $1.20
- Resistance is at twice tested $1.40 level

JES INTERNATIONAL HOLDINGS (22 cents) – Continued retreat
- Indicators are mixed but evidence is pointing to a price decline
- Resistance is at 24.5 cents
- 50 day moving average is at 21.4 cents

(Source: TheEdgeSingapore April 2 2012)

Food stocks gain weight

PETRA FOODS ($2.47) – Overextended
- Prices are somewhat overextended
- Technicals confirming strong upturn
- Temporary correction is imminent
- Support is at $2.30

SUPER GROUP ($1.73) – Correction in force
- Technicals suggest that prices have the impetus to break out of resistance at $1.84
- Successful break indicates a measured move to $2
- Support is at $1.70

ABR HOLDINGS (80 cents) – Correction underway
- Temporary correction is underway
- Support should materialize at current levels
- Break below 80 cents indicates a downside of 73 cents
- Resistance is at 86.5 cents

CONSCIENCE FOOD (21 cents) – Building a base
- Prices are building a base
- Top of the base is likely to be at 23.5 cents
- Indicators suggest that prices are likely to move sideways
- Support is at 20 cents

FOOD EMPIRE HOLDINGS (36.5 cents) – Attempting breakout
- Prices are in base formation
- Break above 40 cents indicates a target of 50 cents
- Support is at 35 cents

FOOD JUNCTION HOLDINGS (18.5 cents) – Early-stage base formation
- Prices have yet to bottom
- Prices are likely to remain in a sideways trend
- Eventual successful breakout indicates target of 25 cents
- Downside is limited with support at 18 cents

(Source: TheEdgeSingapore March 26 2012)

M&A buoys tech stocks

MEIBAN GROUP (39.5 cents) – Facing resistance
- Prices should remain resilient
- There is strong resistance at 41.5 cents
- Breakout appears unlikely
- Support is at 36 to 37 cents

LAFE CORP (8.4 cents) – Gains strength
- Prices have run ahead of themselves
- Price have broken out of base formation setting target of 10.5 cents
- Support is at 7.5 cents

FU YU CORP (10 cents) – Recovery intact
- Some latent strength is evident
- Prices have managed to move above the declining 200 day moving average
- Rebound should materialize shortly
- Resistance is at 12.5 cents
- Support is at 8.9 cents

ELEC & ELTEK INTERNATIONAL (US$2.74) – Building a base
- Price action appears anaemic
- Breakout is still some way off
- Successful breakout indicates an upside of US$3.13
- Support is at US$2.61

GLOBAL TESTING CORP (6.5 cents) – Attempting breakout
- Prices are attempting to hold above 200 day moving average
- Chart pattern points to prices forming a rounding base
- Support is at 6.1 cents

BROADWAY INDUSTRIAL GROUP (45.5 cents) – Testing support
- Prices have been in a consolidation phase
- Consolidation should be temporary
- Indicators point to resumption of uptrend
- Resistance is at 50 cents
- Support is at 43 to 44 cents

(Source: TheEdgeSingapore March 19 2012)

Palm oil stocks slump

FIRST RESOURCES ($1.825) – Set for correction
- Technical indicates that prices are in a corrective phase
- Prices look set to correct downwards
- 50 day moving average provides support with better support at $1.65

GOLDEN AGRI RESOURCES (71.5 cents) – Outperformance over
- Technical picture is weak
- Prices may well fall below 69 cents moving down towards 63 cents
- Resistance is at 75 cents

INDOFOOD AGRI RESOURCES ($1.575) – Downturn
- Prices are set to fall
- Confluence of 200 day and 50 day moving averages should halt decline
- Technical confirms the corrective phase ahead
- Rebounds are likely to be limited to $1.62

KENCANA AGRI REOURCES (35 cents) – Falls to support
- Prices are now testing the confluence of 50 day and 100 day moving averages
- Prices may also move below 34 cents. In this event, support is at 31 cents
- Upside is likely to be limited to 36.5 to 37 cents

OLAM INTERNATIONAL ($2.30) – Weaker than sector
- Technical picture is weaker than sector
- Any rebound is likely to be temporary
- Rebounds will find resistance at $2.34

WILMAR INTERNATIONAL ($4.90) – Downtrend in force
- Prices are testing their December lows at $4.90 level
- Technical points to signs of a strong downtrend
- Temporary rebound could occur in next session of two.
- Resistance is at $5.10

(Source: TheEdgeSingapore March 12, 2012)

Tide recedes temporarily for offshore plays

BH GLOBAL MARINE (19.5 cents) – At support
- Prices are at a support
- Resistance/breakout is at 22 cents
- Successful breakout gives target of 27 cents

EZION HOLDINGS (87.5 cents) – Short-term selling pressure
- A temporary correction is underway
- Support appears at 85 cents
- Breakout level is at 97 cents
- Successful breakout would indicate a new upside target

EZRA HOLDINGS ($1.19) – Temporary retreat
- Temporary correction is underway
- Support appears at $1.15
- Breakout level is at $1.33

JAYA HOLDINGS (57 cents) – Rebounds off support
- Prices have rebounded establishing support at 53 cents
- Prices should be able to challenge the twice tested 60 cent level
- Successful breakout gives a target of 69 cents

MERMAID MARITIME PUBLIC CO (32.5 cents) – Weaker than sector
- In terms of relative strength, this counter has been weaker that the sector
- Uptrend is being attempted by prices
- Prices should be able to form an uptrend if it can hold around 30 cents and remain above 50 and 200 day moving average

SWIBER HOLDINGS (69.5 cents) – Temporary correction
- Overbought readings have been corrected
- Quarterly momentum is still on uptrend
- Prices should remain above 65 cents
- Resistance/breakout level is at 77 cents

(Source: TheEdgeSingapore March 5 2012)

Temporary pause in tech-stock surge

AMTEK ENGINEERING (73 cents) – Attempting to clear moving average
- Prices are set to move above 200 day moving average
- An earlier break above reverse head and shoulder pattern indicated a target of $1
- Support is at breakout level of 73 cents

ASTI (7.8 cents) – Temporary retreat
- Prices are overbought in the short term
- Any retreat should find support at 200 day moving average of 7.5 cents
- Resistance is at 10 cents

STATS CHIPAC (53 cents) – Breaks above 200 day moving average
- Break above 200 day moving average appears to be sustainable
- Break indicates a target of 75 cents
- Gradual uptrend is developing

BROADWAY (47 cents) – Overstretched, set for retreat
- Prices surged following break above 35 cents
- In the short term surge is unsustainable and prices may ease
- During corrective phase, prices should not fall below 46 cents

FU YU CORP (8.4 cents) – Breaks above 200 day moving average
- Prices have broken 200 day moving average
- Prices could consolidate briefly but should stay above 200 day moving average
- Break out indicates target of 12 cents

CREATIVE TECHNOLOGY ($4.12) – Set for retreat
- The sharp surge in prices is unsustainable
- This counter has disappointed several times
- Support should appear at $3

(Source: TheEdgeSingapore February 27 2012)

Laggard Construction Stocks

HONG LEONG ASIA ($2.03) – Breaks out of base
- Breakout from double bottom formation indicates target of $2.70
- Break is supported by notable and sustained increased in volume
- Support is at 200 day moving average value of $1.91

KOH BROTHERS GROUP (21 cents) – Set for breakout
- Breakout was underscored by golden cross between 50 and 100 day moving averages
- Break above 20 cents indicates a target of 27 cents

KSH HOLDINGS (24 cents) – Temporary retreat
- Sideway movement of prices is likely to be temporary
- Breakout indicates target of 28 cents
- Prices should be able to make further headway
- Support is at 23 cents

LUM CHANG (30 cents) – Poised for breakout
- Prices could finally break out of resistance at 31 cents
- Successful break indicates a target of 40 cents
- Support is at 29 cents

PAN-UNITED CORP (49.5 cents) – Breaks above 200day moving average
- Prices should resume the ascent triggered by breakout
- Target of 60 cents
- Support is at declining 200 day moving average at 47 cents

YONGNAM HOLDINGS (24 cents) – Testing support, should rebound
- Support is at confluence of rising 50 and 100 day moving averages at 24.5 cents
- Break indicates a target of 31 cents
- Volume indicates that there is buying demand.

(Source: TheEdgeSingapore February 20 2012)

Punters play tech stocks

AMTEK ENGINEERING (77 cents) – Breaks out of base
- Prices are testing 200 day moving average
- Broke above reverse head and shoulder pattern indicating target of $1
- Indicators suggest uptrend is developing
- Immediate support is at 73 cents

BROADWAY (38 cents) – Set for breakout
- Prices appear posed to break 200 day moving average
- Prices broke flat top base formation indicating target of 46 cents
- Support is at 35 cents

ASTI HOLDINGS (8.2 cents) – Temporary retreat
- Prices are overbought
- Any retreat should find support at 7.5 cents
- Resistance appears at 10 cents

FU YU CORP (8.4 cents) – Poised for breakout
- Quarterly momentum has broken out of resistance
- Breakout level is at 8.5 cents
- Successful break indicates target of 12 cents

STATS CHIPPAC (56.5 cents) – Breaks above 200 day
- Prices have just broken 200 day moving average
- Breakout indicates target of 75 cents
- The 50 and 100 day moving averages have just made golden cross

UMS HOLDINGS (49.5 cents) – Approaching resistance levels
- Leader among tech stocks
- Prices broke reverse head and shoulder formation in January indicating target of 65 cents
- Support is at 47.5 cents

(Source: TheEdgeSingapore Februray 13 2012)

High tide for offshore plays

KEPPEL CORP ($10.49) – Temporary correction
- Uptrend remains intact
- Correction likely to be temporary
- Support is at $10.20
- Prices broke $9.90 level indicating target of $13

SEMBCORP MARINE ($4.89) – Minor retreat likely
- Temporary correction on the cards
- Corrective phase unlikely to violate uptrend
- Support is at $4.60
- Breakout of reverse head and shoulder indicates a target of $5.80

SEMBCORP INDUSTRIES ($4.75) – Temporary retreat
- In the near term prices may ease
- Support appears at $4.60
- Breakout of head and shoulder base indicates a target of $5.50

DYNA-MAC HOLDINGS (51.5 cents) – Uptrend underway
- Break above 46 cents indicated a target of 57 cents
- Any retreat is likely to be temporary
- Support at 48 cents

STX OSV ($1.42) – Temporary pullback
- Temporary correction is underway
- Uptrend should remain intact
- Price broke $1.23 level indicating a target of $1.66
- Support is at $1.39

NEPTUNE ORIENT LINES ($1.44) – Going full steam ahead
- Break above $1.20 indicated a target of $1.38
- Next resistance is at $1.54
- Support is at $1.26

(Source: TheEdgeSingapore February 6 2012)