HONGKONG LAND (US$5.28) – Developing an uptrend
- It has broken its 100 day moving averages and resistance levels
- As the uptrend develops, prices will be able to move well above US$6
- Support is at US$5.20 and US$4.94
DAIRY FARM (US$9.85) – Developing a gradual uptrend
- This counter is developing a gradual uptrend
- Breakout level is at US$10 and a successful break indicates a target of US$12.10
- Support is at US$9.50
JARDINE MATHESON (US$53.20) – Breakout at hand
- Prices are in good position to breakout
- Break above US$53 indicates an upside of US$61
JARDINE STRATEGIC (US$31.70) – Moves above resistance
- Prices are pushing ahead
- Resistance is at US$33
- Successful breakout indicates target of US$40
MANDARIN ORIENTAL (US$1.55) – Base formation
- Resistance/breakout is at US$1.60
- Break above US$1.60 indicates a target of US$1.90
JARDINE C&C ($50.14) – Peaking but uptrend intact
- Prices have been stuck at the US$49 to US$51 range
- Break above US$50 to US$51 would be positive. However indicators are not supporting this outcome
(Source: TheEdgeSingapore January 30 2012)
Saturday, January 28, 2012
Sunday, January 15, 2012
Greenback proxy plays
HONGKONG LAND (US$4.89) – Greater relative strength
- Resistance is at US$4.94
- Successful breakout indicates target of US$5.50
- Fail point of breakout is US$4.75
DAIRY FARM (US$9.78) – Developing uptrend
- Underlying trend is actually upwards
- Moving averages have made golden cross
- Breakout is at US$10
- Successful breakout indicates target of US$12.10
- Support is at US$9.50
JARDINE MATHESON HOLDINGS (US$49.69) – Entrenched sideways
- There are signs of strength
- US$49.50 to US$50 is likely to provide resistance in near term
- Expect sideway movements
- Support is at US$47
JARDINE STRATEGIC (US$29.68) – Moves above resistance
- May pause in its upmove
- Rebound is unlikely to turn into a sustained rally
- Resistance is at US$33
MANDARIN ORIENTAL (US$1.525) – Base formation
- Prices are in base formation
- Quarterly momentum has strengthened
- Prices are trying to move above US$1.51
- Support is at US$1.47
- Break above US$1.60 indicates a target of US$1.90
JARDINE C&C ($50.80) – Uptrend intact
- Prices are set to move higher
- Prices have moved above psychological mark of $50 setting a new upside of $57
- Support is at breakout level
(Source: TheEdgeSingapore January 9 2012)
- Resistance is at US$4.94
- Successful breakout indicates target of US$5.50
- Fail point of breakout is US$4.75
DAIRY FARM (US$9.78) – Developing uptrend
- Underlying trend is actually upwards
- Moving averages have made golden cross
- Breakout is at US$10
- Successful breakout indicates target of US$12.10
- Support is at US$9.50
JARDINE MATHESON HOLDINGS (US$49.69) – Entrenched sideways
- There are signs of strength
- US$49.50 to US$50 is likely to provide resistance in near term
- Expect sideway movements
- Support is at US$47
JARDINE STRATEGIC (US$29.68) – Moves above resistance
- May pause in its upmove
- Rebound is unlikely to turn into a sustained rally
- Resistance is at US$33
MANDARIN ORIENTAL (US$1.525) – Base formation
- Prices are in base formation
- Quarterly momentum has strengthened
- Prices are trying to move above US$1.51
- Support is at US$1.47
- Break above US$1.60 indicates a target of US$1.90
JARDINE C&C ($50.80) – Uptrend intact
- Prices are set to move higher
- Prices have moved above psychological mark of $50 setting a new upside of $57
- Support is at breakout level
(Source: TheEdgeSingapore January 9 2012)
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