Indonesian presence

GOLDEN AGRI-RESOURCES (63.5 cents) - Temporary rebound
- Prices may attempt to sart bottoming
- Prices are trying to hold on to support at 63 cents
- Short term trading range is likely to be narrow with prices between 63 and 65 cents
- Indicators are falling, breakdown could still materialize

INDOFOOD AGRI ($1.275) - Drifting lower
- Dead cross of 50 and 100 day moving averages could keep prices under pressure
- Counter broke sideway trading range indicating target of $1.15
- Prices may continue to trend lower
- Rebound would find resistance at $1.35

SAMKO TIMBER (13.5 cents) - Attempting breakout
- Breaking out of a minor base formation
- Breakout level is at 13 cents
- Break indicates target of 18 cents

SINARMAS LAND (28 cents) - Stuck beneath moving averages
- Trading below NAV of 49 cents
- Technically the chart does not look exciting
- Prices are attempting to find support at 27 cent level
- Moving averages are bunched together at 29 cents

FIRST REIT ($1.07) - Over-extended
- Prices are still very much on an uptrend
- Quarterly momentum formed a negative divergence with price
- Next level of resistance appears at $1.26

LIPPOMALLS RETAIL TRUST (47.5 cents) - Temporary correction
- Temporary retreat is underway
- Resistance is at 49 cents
- Move is likely to be correction in an uptrend
- Break above 49 cents indicates target of 59 cents

(Source:  TheEdgeSingapore October 29 2012)

Indigestion plagues food stocks

SUPER GROUP ($2.50) - Poised for breakout
- Appears poised to move above resistance at $2.50
- Successful breakout indicates a target of $2.85
- Support is at $2.42

DEL MONTE PACIFIC (51 cents) - Attempting breakout
- Prices appear to have moved sideways forever
- Prices managed to move past resistance at 48 cents
- Breakout indicates target of 63 cents
- Support is at 48 cents

YEO HIAP SENG ($4.67) - Breaks down
- Quarterly momentum has turned down
- Accelerated upmove is set to give way to equally sharp fall
- Support is at $4.80
- Break below this level would cause a drop to $2.50

KHONG GUAN FLOUR MILLING ($2.25) - Sharp retreat underway
- Accelerated upmoves are almost never sustainable
- Support is at $2.20
- Break below this level would cause prices to fall swiftly to $1.77

BREADTALK (60 cents) - Facing resistance
- Prices are facing resistance
- Volume has contracted a breakout may not materialise
- Resistance is at 63 cents
- Support is at 54 cents

AURIC PACIFIC ($1.24) - Set for a fall
- Quarterly momentum has turned down
- Immediate support is at $1.26
- Fall beow this level would trigger a decline to $1
- Resistance is at $1.30

(Source:  TheEdgeSingapore October 22 2012)

Property plays attract interest

SC GLOBAL DEVELOPMENTS ($1.15) – Approaching support
- Technically move below the support area at $1.19 to $1.21 is not positive
- Moving averages are positively placed
- Negative divergence between 21 day RSI and price suggests corrective phase is not over

WING TAI HOLDINGS ($1.68) – Temporary retreat
- Negative divergence between momentum and price is causing a correction
- Support is at $1.56
- Correction phase may have some way to go
- Uptrend is likely to stay intact

HO BEE INVESTMENTS ($1.445) – Sharp retreat
- Prices are correcting following negative divergence between momentum and price
- Support is approaching at $1.40
- Prices are currently at 40% discount to NAV

GUOCOLAND ($2.10)- Facing resistance
- A correction is imminent
- Quarterly momentum has broken a minor support
- Immediate support is at $2
- Pullback is likely to be temporary and part of a broader uptrend

GUOCOLEISURE (63.5 cents) – Testing support
- In the past two weeks, prices have retreated
- Moving averages would trigger a rebound
- Resistance is at 67 cents
- Upside is at 72 cents

CITY DEVELOPMENTS ($11.57) – Sideways range
- Clear negative divergence between momentum and price
- Momentum looks set to find support
- Resistance is at $12 level
- Support is at $11.20 level
- Prices may stay within a trading range

(Source:  TheEdgeSingapore October 15 2012)

Commodity plays stay weak

GOLDEN AGRI-RESOURCES (63 cents) – Downtrend intact
- Prices have been on a downtrend
- Immediate support is at 63 cents
- Prices are poised to break below 63 cents
- Initial downside of 57 cents

INDOFOOD AGRI RESOURCES ($1.29) – Breaks support
- Prices were entrenched within a narrow range
- Now breaking down from sideways trend
- Any rebound meets with resistance at $1.35

FIRST RESOURCES ($2) – Breaks minor support
- Any rebound is likely to be mild
- Breakdown indicates downside of $1.80
- Quarterly momentum is declining supporting the downtrend

NOBLE GROUP ($1.29) – Rebound falters
- Inability to move about $1.35 may halt recovery
- Psychological $1 level provides ample support for retreat

OLAM INTERNATIONAL ($2) – Retreats from resistance
- Quarterly momentum has formed a divergence with price
- Minor support appears at $1.98
- Although momentum is weakening the downside could be protected by dwindling volume

WILMAR INTERNATINAL ($3.16) – Drifting sideways
- This is the least bearish of the commodity stocks
- It’s too early for prices to have bottomed
- There is psychological support at $3
- Breakout level is lowered to $3.24

(Source:  TheEdgeSingapore October 8 2012)