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)