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)