Stocks at new one-year highs

LOW KENG HUAT (55.5 cents) – New 15 year high
- Prices are at new 15 year high
- Volume has surged with price
- Short term indicators are overbought
- Temporary retreat towards 54 cents should materialize

HO BEE INVESTMENT ($1.79) – Makes new one-year high
- Prices are at a new one-year high
- Counter could be a privatization candidate
- Prices are somewhat high and short term indicators are overbought

GUOCOLEISURE ($0.625) – Breaks out of base
- Prices have just broken out of neckline resistance
- Break looks good and indicates target of 72 cents
- Mooted as a privatization candidate

DEL MONTE PACIFIC (60 cents) – Forming a bull flag
- Temporary pause is underway
- Support should appear at 59 cents
- Current sideways move is likely to be brief and shallow

GUOCOLAND ($2.42) – Upclimb to resume
- Technically uptrend should continue
- Current sideways move appears to be a correction in an uptrend
- Break above $2.45 would lead to resumption in upclimb with objective of $2.65

CAPITALAND ($3.57) – Uptrend to continue
- Counter broke out of resistance at $3.50
- Quarterly momentum is positive
- Support appears at $3.50
- $4 is likely to provide formidable resistance

(Source: TheEdgeSingapore December 10 2012)