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)