Blue chips mixed

CITY DEVELOPMENTS ($9.93) – Finding support?

-         Prices are unlikely to decline sharply in next few weeks

-         Support is at $9.80

-         Resistance is at $10.50

DBS GROUP HOLDINGS ($13.22) – Temporary bounce

-         Medium term technical outlook is deteriorating

-         Support is at $12.92

-         Breakdown would indicate a target of $11.80

-         Resistance is at $13.50

KEPPEL CORP ($9.99) – Temporary rebound

-         Resistance is at $10.50

-         Prices may ease

-         Break below support at $10.50 indicates a target of $9

SEMBCORP MARINE ($4.46) – Temporary rebound

-         Resistance appears at $4.65 to $4.68 level

-         On the whole, trend has turned down

-         Prices fell below $4.80 indicating a target of $4

SINGAPORE AIRLINES ($10.20) – Finding support

-         Short term indicators are neutral

-         Support is at $10 resistance is at $10.50

UNITED OVERSEAS BANK ($17.36) – Support/breakdown at hand

-         Prices are testing support at $17.33

-         Resistance appears at $18

-         Breakdown level was at $18 and downside is at $16.50

(Source:  TheEdgeSingapore 28 May 2012)