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)