Offshore segment rides rising tide

EZION HOLDINGS ($1.26) – Overstretched

-         Prices have met and surpassed $1.25 target

-         No signs of a downturn

-         Support is at $1.08

EZRA HOLDINGS ($1.15) – Breaking out of a base

-         Prices have moved above twice tested $1.12 level

-         Target of breakout is $1.37

-         Volume and technical indicators suggest that breakout is good

-         Support is at $1.12

LOYZ ENERGY (49.5 cents) – Uptrend intact

-         Target of 55 cents was indicated following breakout

-         Temporary retreat could ensue

-         Support is at 49 cents

KREUZ (36 cents) – Breaks out of consolidation

-         Prices have just moved out of reversal pattern at 33 cents

-         Breakout indicates target of 43 cents

-         Any retreat finds support at 33 cents

ASL MARINE (62.5 cents) – Emerging from sideways range

-         Prices may attempt to test resistance at 62 cents

-         Successful breakout indicates target of 74 cents

-         Prices have a good chance of a breakout

NAM CHEONG (21.5 cents) – Breaks above resistance

-         Prices have just moved out of a tight sideways range

-         Earlier break indicates target of 23 cents which has not been met

-         Support is raised to 19.5 cents

(Source:  TheEdgeSingapore September 17 2012)