Offshore plays await rising tide

SEMBCORP MARINE ($5.06) - Temporary consolidation

- Temporary retreat is underway

- If market remains resilient, prices should not fall below $5

- Break above $5.14 indicates an initial target of $5.40 to $5.50 with eventual upside of $6.20

SEMBCORP INDUSTRIES ($5.71) - Uptrend intact

- Temporary correction is underway

- Support appears at $5.40

- An earlier break above $5.40 indicated a target of $6.30

KEPPEL CORP ($11.58) - Uptrend continues

- Temporary consolidation is in force

- Prices may move within narrow range between $11.20 and $11.70

- Break above $11.20 indicates a target of $13

ASL MARINE (61 cents) - Could break out of consolidation

- Prices moved above resistance at 59.5 cents

- Next resistance is at 68.5 cents

- If quarterly momentum manages to break out counter could move out of its sideways trading range

SINGAPORE AIRLINES ($10.88) - Testing resistance

- Prices are likely to find it very difficult to break above resistance at $10.96 to $11 level

- A successful breakout would provide upside of $12

- Support is at $10.55

TIGER AIRWAYS (74 cents) - Facing resistance

- Quarterly momentum is in positive territory

- Resistance appears at 82 cents

- Support is at 73 cents

(Source:  TheEdgeSingapore August 27 2012)

Plays for the land Down Under

TAT HONG HOLDIGS ($1.15) – Breaks out

-         The 50 and 100 day moving averages made a positive cross

-         Price broke above resistance at $1.08

-         The upside indicated from the break is at $1.26

EZION HOLDINGS ($1.08) – Set for new high

-         Prices could experience a short term retreat

-         Overall the uptrend is intact

-         Support is at $1

-         Earlier break indicates an upside of $1.30

PAN-UNITED CORP (60.5 cents) – Uptrend continues

-         This chart pattern’s uptrend is a textbook formation

-         In the short term prices could consolidate

-         An eventual break above 61 cents would lead to objective of 72 cents

AUSGROUP (37 cents) – Could break out of consolidation

-         Prices are ready to rise

-         Short term chart pattern looks like a minor reverse head and shoulders base

-         Successful break would indicate an upside of 45 cents

-         Support is at 34 cents

TIONG WOON (24.5 cents) – Could break down

-         Prices have fallen below the 50, 100 and 200 day moving averages

-         Next support is at 21 cents

-         Breakdown indicates a target of 19.5 cents

LOW KENG HUAT (Singapore) (44 cents) – Facing resistance

-         Resistance cum breakout is at 44 cents

-         Successful break would indicate upside of 55 cents

-         Support is at 42 cents

(Source:  TheEdgeSingapore August 20 2012)

Hotel stocks could rerate

BONVESTS (95 cents) – Breaks out

-         Prices are attempting to move out of a narrow range

-         Successful break above 96 cents level indicate an upside of $1.08

-         Support is at 93 cents

CDL HOSPITALITY TRUSTS ($2) – Meeting resistance

-         Broad uptrend remains intact

-         Support should appear at $1.95

-         Resistance is at $2.07

HOTEL PROPERTIES LTD ($2.28) – Challenging resistance

-         Prices may lose steam before they retest $2.39

-         ADX has turned down, curtailing the extent of the upmove

-         Immediate support is at $2.20

-         Breakout above $2.39 indicates target of $2.75

HOTEL GRAND CENTRAL (78.5 cents) – Set for retreat

-         Prices are set to fall

-         Support is at 77 cents which when broken will cause prices to fall to 73 cents

-         Resistance is at 79 cents

OVERSEAS UNION ENTERPRISE ($2.54) – Developing uptrend

-         Prices broke out of sideways formation

-         Break above $2.42 establishes this as a support and indicates upside of $2.90

-         Temporary consolidation in the near term

AMARA HOLDINGS (37 cents) – Likely to ease

-         This is probably the weakest of the hotel stocks

-         Prices are trying to hold on to support at 36 cents

-         Support is at 35 cents and breakdown points to downside of 30 cents

(Source: TheEdgeSingapore August 13, 2012)