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)