Situational plays attract interest

AMARA HOLDINGS (34 cents) - Rebound in a downtrend

- There is no reversal of downtrend

- Prices are likely to move below support at 34 cents

- Earlier break below double top at 37 cents indicates target of 29 cents

- Resistance is at 37 cents

GUOCOLEISURE (58.5 cents) - Poised to break above moving average

- Rebound is underway

- Break above 60 cents would provide impetus to test 66 cents

- Support is at 54 cents

HO BEE INVESTMENT ($1.12) - Downtrend intact

- Range is likely to be quite tight

- Resistance is at $1.15

- Support is at $1.08

HOTEL GRAND CENTRAL (74 cents) - Attempting upturn

- White candle may provide prices with some upward momentum

- Current moves are liley to be a rebound in a downtrend

- Resistance is at 78 cents

- Support is at 74 cents

HOTEL PROPERTIES ($1.885) - Attempting breakout

- Prices are attempting to move above $1.91

- Resistance is at $2.02 and break above this level indicates upside of $2.34

- Support is at $1.88

POPULAR HOLDINGS (19.7 cents) - Uptrend intact

- Support for the decline is at 19.5 cents

- Technicals confirm the corrective phase

- Break below 19.5 cents indicate a downside of 16 cents

(Source:  TheEdgeSingapore June 18, 2012)