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)