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)