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)