Commodity stocks revival

WILMAR INTERNATIONAL ($3.50) - Breaks out of base

- Prices have broken out of neckline of multi-month base formation

- 50 day and 100 day moving averages have made a positive cross

- Breakout indicates target of $3.80

NOBLE GROUP ($1.03) - Uptrend to continue

- Prices are in recovery phase

- 50 day and 100 day moving averages have made a positive cross

- Short term indicators are at the high end of their range

- Break above $1 indicates target of $1.20

OLAM INTERNATIONAL ($1.565) - Attempting recovery

- Counter broke above a double-bottom base formation

- Quarterly momentum has languished

- There is a probability that breakout is unsustainable

- Support appears at $1.49

- Resistance is at $1.64

GOLDEN AGRI-RESOURCES (60 cents) - Attempting to rally

- Prices are challenging three times tested resistance level at 56 cents

- Quarterly momentum has broke out of resistance

- Successful break is possible which indicates target of 68 cents

- Support is at 57 cents

FIRST RESOURCES ($1.95) - Poised for breakout

- Prices are in a resistance area

- Quarterly momentum is rising strongly

- Indicators are supportive of breakout above $1.95

- Breakout would indicate target of $2.25

- Support is at $1.92

INDOFOOD AGRI RESOURCES (91 cents) - Base formation underway

- Prices are attempting to strengthen

- A break above quarterly momentum equilibrium line would trigger break above 90 cents

- Break indicates target of $1.08

(Sources:  TheEdgeSingapore November 4, 2013)

Inflated stocks poised for fall

LIONGOLD CORP ($1.51) – Set for breakdown
- Negative divergence between quarterly momentum and price
- Quarterly momentum appears poised to break neckline
- If this materializes, prices are likely to break 50 day moving average and neckline
- Breakdown indicates a target of $1.26

BLUMONT GROUP ($2.02) – Poised for downturn
- Quarterly momentum has turned down
- Past three sessions of rising volume on black candle
- Resistance is at $2.50
- Breakdown level is at $2.30
- Breakdown indicates target of $1.65

ASIASONS CAPITAL ($2.70) – Top formation underway
- Short term indicators are more negatively placed then quarterly momentum
- Based on chart pattern, prices could be forming a double top
- Neckline is at $2.58 to $2.60 range
- Breakdown would indicate initial downside of $2.25

YANGZIJIANG SHIPBUILDING ($1.135) – Latent selling
- Higher volume sessions are accompanied by black candles
- Resistance is at $1.17
- Support is at $1.06
- Break below support indicates target of 96 cents

ALBEDO (4.9 cents) – Top formation
- Quarterly momentum has turned down and fallen below support level
- Prices could be forming an extended top
- Immediate support is at 5.2 cents
- Break below support indicate a downside of 2.5 cents

ROWSLEY (38 cents) – Short term overbought
- Prices are somewhat extended
- Resistance to an upmove appears at 40 cents
- Support is at 30.5 cents

(Source:  TheEdgeSingapore, October 7 2013)

A rising tide lifts some boats

SAMUDERA SHIPPING (15.5 cents) - Forming a base
- Quarterly momentum appears poised for upturn
- Resistance appears at 15.5 cents
- Break out remains difficult in the immediate term
- Support is at 14 cents

SWISSCO HOLDINGS (23.5 cents) - Testing support
- Prices are testing support at 23 cents
- Prices should rebound off 24 cents
- Resistance appears at 26 cents level

MERCATOR LINES (12.9 cents) - Poised for a breakout
- ADX is falling and DIs are neutral
- Resistance appears at 13.5 cents
- Prices may attempt a breakout
- Support is at 10.5 cents

JAYA HOLDINGS (67.5 cents) - Challenging resistance
- Resistance is at 68 cents
- Successful break indicates an upside of 75 cents
- Support is at 65.5 cents

COSCO CORP (79 cents) - Temporary retreat
- Temporary retreat is underway
- Resistance is at 84 cents
- Successful break would take prices to $1
- Support is at 77 cents

FALCON ENERGY GROUP (44 cents) - Short-term overbought
- In short term, prices are overextended
- Prices have cleared resistance at 40 cents indicating target of 54 cents
- Support is at breakout level of 40 cents

(Source:  TheEdgeSingapore September 30, 2013)

Infrastructure plays build base patterns

TAT HONG HOLDINGS (93 cents) - Forming a base
-  Prices have almost halved from peak in January
-  It appears that worst of decline is over
- Initial resistance is at 95 cents
-  Support is at 85 cents

HIAP TONG CORP (19.8 cents) - Forming a base
-  Prices are in the early stages of a bottom
-  Successful test of 17.5 to 18 cent level would confirm a base
-  Initial resistance is at 22 cents

YONGNAM HOLDINGS (30 cents) - Temporary retreat
-  Recovery from 23 cents was swift
-  Prices are set for retreat
-  Prices have met resistance at 31 cents
-  Support is at 28 cents

SIN HENG HEAVY MACHINERY (22.5 cents) - Testing top of base
-  Counter has had a less drastic price decline
-  Prices are meeting with resistance at 22.5 to 23 cent level
-  Eventual breakout should materialise with target of 27 cents
-  Support is at 21 cents

TIONG WOON CORP (35.5 cents) - Challenging resistance
-  Counter is still part of the way through declining trend
-  Fall was stopped at support at 33 cents
-  In order to breakout volume needs to rise
- In absence of volume expansion prices could ease towards 33 cents

TIONG SENG HOLDINGS (25 cents) - Decline to continue
- Decline has yet to run its course
- Prices have just fallen below 50 and 200 day moving averages
- Earlier break indicates target of 20 cents which is likely to be attained
- Volume has shrunk considerably

(Source:  TheEdgeSingapore September 23 2013)

Commodity stocks attempt base formations

WILMAR INTERNATIONAL ($3.24) – Forming a base
- Prices have managed to hold at $3 support area
- Both momentum and prices are testing resistances
- Successful break above $3.15 to $3.20 region would end downtrend  and indicate target of $3.50

FIRST RESOURCES ($1.92) – Recovery underway
- In the short term prices could ease towards $1.85
- Quarterly momentum has cleared its several times tested resistance
- Break above $1.95 completes a major double bottom and indicates target of $2.25

GOLDEN AGRI-RESOURCES (54 cents) – Forming a base
- Downtrend could be coming to an end
- In the short term, counter is likely to consolidate its gains
- Quarterly momentum has yet to clear its resistance

KENCANA AGRI (24 cents) – Should attempt rebound
- Prices have moved below support level at 25 cents
- This could turn out to be a false break
- Quarterly momentum could provide support for prices to regain 25 cent level soon

INDOFOOD AGRI (84.5 cents) – Early signs of a base
- Prices are attempting to move out of a downtrend
- Quarterly momentum has also made an initial rebound
- Prices have moved above 50 days moving average
- Next resistance is at 90 cents

NOBLE GROUP (95.5 cents) – Building a base
- Prices have tested 80 cent level twice
- Successful breakout establish 86 cents as the new support
- Resistance is at $1 mark

(Source:  TheEdgeSingapore September 16 2013)

S-chips tarred with the same brush

MIDAS HOLDINGS (47  cents) – Downtrend to continue
- Support is at twice tested 43.5 cents
- Volume is rising and expanding in black candle sessions
- Rebounds are likely to be temporary
- Downmoves set to be stronger than rebounds

YING LI INTERNATIONAL (41.5 cents) – Breaks below support
- Any rebound is likely to be short lived
- Prices have broken below 42 cent level indicating downside objective of 35 cents
- Technical indicators show signs that the downtrend has yet to run its course

SOUND GLOBAL (64 cents) – Uptrend intact
- Prices have not broken down or violated any key support level
- Break above 67 cents would be tough
- Support is at 62.5 cents

SUNVIC CHEMICAL HOLDINGS (41.5 cents) – Breaks support
- Short term oversold readings
- Chart breakdown indicates measuring objective of 30 cents
- Support appears first at 35 cents
- Resistance is at 43 to 44 cents

YANLORD LAND GROUP ($1.185) – Support breached
- Prices have fallen below support at $1.23
- Breakdown indicates target of $1.02
- Temporary bounce could materialize

SINO GRANDNESS FOOD INDUSTRY GROUP ($1.175) – Breaks below double top
- Prices are attempting a temporary rebound
- Resistance is at $1.25
- Prices have broken neckline indicating downside objective of $1

(Source:  TheEdgeSingapore September 2 2013)

Commodity stocks oversold

WILMAR INTERNATIONAL ($3.10) – Downtrend to continue

-         Breakdown level is at $3.09

-         Break would indicate target of $2.88

-         Short term stochastics is at low end and could trigger bounce

-         Prices unlikely to move above $3.10

NOBLE GROUP (81 cents) – Downward momentum persists

-         In short term, prices could actually rebound

-         Strong oversold pressures could trigger a bounce

-         Resistance is at 90 cents

-         Break below support in July indicates target of 55 to 60 cents

GOLDEN AGRI-RESOURCES (52 cents) – Downtrend intact

-         Trend is still downwards

-         Resistance is at 53 cents

-         Mixed state of indicators will keep prices within 50 and 53 cents range

KENCANA AGRI (24.5 cents) – Holds on to support

-         Downward momentum could be coming to an end

-         For next few weeks, prices could stay rangebound

-         Support is near current levels

-         Resistance is at 29 cents

FIRST RESOURCES ($1.72) – Early signs of a base

-         Prices are hovering around $1.68 support

-         Indicators suggest that there may be rebound which would meet resistance at $1.78

-         Prices could form a base if it is able to hold above $1.65

OLAM INTERNATIONAL ($1.54) – Set to retest $1.395

-         Immediate support is at $1.58 to $1.60 range

-         Breakdown is imminent and target of $1 is indicated from beakdown

-         Prices have already fallen below the three medium and long term moving averages.

(Source:  TheEdgeSingapore August 26 2013)

Property stocks stabilise

UOL GROUP ($6.94) – Testing a breakout level

-         Prices gained strength by moving above moving averages

-         Volume is expanding on white candle days

-         Resistance is at $6.98

-         Successful break would indicate target of $6.70

HO BEE INVESTMENTS ($2.19) – Challenging resistance

-         Prices are attempting to reach and break 3 year high

-         Quarterly momentum is turning up

-         Underpinnings should be able to trigger a breakout

-         Support is at $2.15

SINGAPORE LAND ($9.15) – Challenging 12-month high

-         Prices appear locked in a narrow range

-         There are signs that price could stage a breakout soon

-         Successful break above $9.10 to $9.15 level indicates target of $10.70

-         Support is at $8.90 to $9

CAPITALAND ($3.27) – Testing neckline of base formation

-         Counter has broken above the neckline of reverse head and shoulders formation

-         Breakout indicates immediate upside of $3.60

-         Support is at breakout level of $3.20

KEPPEL LAND ($3.74) – Forming a base

-         Prices are at the top of minor base formation

-         Resistance/breakout is at $3.70

-         Successful break indicates target of $4.20 to $4.30

-         Support is at $3.60

CITY DEVELOPMENTS ($10.74) – Short term sideways

-         Short term moves are likely to be sideways

-         Quarterly momentum is weak

-         Resistance is at $10.80

-         Successful break would indicate an upside of $12

(Source – TheEdgeSingapore August 5 2013)

Tide turns for yards

YANGZIJIANG SHIPBUILDING (92.5 cents) - Challenging resistance
- Prices have broken out of base formation at 87 cents
- Break above the top indicates target of $1
- Support is at 92 cents
- Upmove was probably triggered by counter's dual listing in RMB

COSCO CORP (76.5 cents) - Breaks above minor resistance
- Technicals are improving
- Quarterly momentum has bottomed and is turning up
- These factors should support a price breakout
- Successful break indicates target of 86 cents

NAM CHEONG (27.5 cents) - Challenging 12-month high
- Rising quarterly momentum is hinting at strength
- Momentum looks set to strengthen further and could provide impetus for prices to break above 29 cents
- Break indicates upside of 34 cents

JES INT'L (14.6 cents) - Poised to break above minor resistance
- Prices have managed to hold above 50 day moving average
- If prices manage to hold above this level this week, they are likely to move higher
- Next resistance is at 16 cents

SEMBCORP MARINE ($4.49) - Forming a base
- Quarterly momentum has risen above its equilibrium line and continues to strengthen
- Prices have risen above its 200 day moving average
- Successful break above $4.55 indicates target of $4.90

KEPPEL CORP ($10.55) - Short-term weakness
- Technically this counter is probably weaker than other yards
- Quarterly momentum appears poised for  a retreat
- Prices will probably ease towards the low end of the range at $10.40

(Source:  TheEdgeSingapore July 29, 2013)

Interest returns to blue chips

DBS GROUP HOLDINGS ($15.74) - Facing resistance
- Prices are likely to face resistance at $16
- Bounce was triggered by upturn in short term indicators
- Quarterly momentum continues to decline
- Support is at $15.20

OVERSEA-CHINESE BANKING CORP ($9.82) - Rebounds off support
- Prices should rebound from support at $9.80
- Dead cross between 50 day and 100 day moving averages is likely to provide resistance
- ADX is falling, prices would at best trend sideways.

UNITED OVERSEAS BANK ($20.07) - Challenging resistance
- Prices have bounced off 200 day moving average
- Resistance is at $20.15 to $20.20
- May turn out to be a trading range for counter
- Decline would be temporary but upside remains limited

SINGAPORE TELECOMMUNICATIONS ($3.66) - Set to retreat from resistance
- Prices are attempting to form a base
- Break below $3.60 would trigger next leg of downmove
- If momentum breaks down and coincides with break below $3.60 counter could move below $3.50
- Resistance is at $3.80

ST ENGINEERING ($4.06) - At resistance
- Rebound phase is facing a hurdle
- Resistance is at $4.20
- Support is raised to $3.84

CITY DEVELOPMENTS LTD ($10.66) - Attempting base formation
- Counter managed to gain strength
- Resistance appears at $10.81 to $10.94 range
- Immediate support is at $10.50

(Source:  TheEdgeSingapore July 8 2013)

Minor candlestick reversals

ASCENDAS REIT ($2.18) - Temporary rebound from piercing pattern

-  May have a temporary rebound from one year lows

- Support has been established at $2.09

- Resistance is at $2.30

FRASERS COMMERCIAL TRUST ($1.345) - Uptick from minor hammer

- Indicators could trigger a minor rebound

- Resistance is at $1.38

- Trend will probably remain downwards

CAPITARETAIL CHINA TRUST ($1.405) - Respite from morning star

- Hints of a minor morning star developing

- Candlestick reversal will likely trigger a temporary bounce

- Support is at $1.32

- Resistance is at $1.45

MAPLETREE INDUSTRIAL TRUST ($1.305) - Temporary rebound

- Positive divergence should trigger rebound

- Resistance is at $1.38 to $1.40 range

- Indicators suggest that decline has yet to run its course

PARKWAY LIFE REIT ($2.30) - Downtrend to continue

- Prices have broken 200 day moving average

- Any rebound will likely be momentary and tenuous

- Resistance is at $2.35 and downside is at $1.95

SABANA REIT ($1.155) - Early-stage base formation

- Downtrend remains evident

- Stock appears to be establishing the $1.08 level as support

- Short term rebound may occur

- Upper boundary appearing at $1.18

(Source:  TheEdgeSingapore July 1 2013)

Situational stocks inflate

ENVIRO-HUB  (12.7 cents) - Short-term overstretched

- Prices surged breaking above its moving averages

- Quarterly momentum broke above its equilibrium line

- Retreat could be temporary

- Support appears at 11.9 cents

- Break above 12.8 cents indicates an objective of 15 cents

HIAP TONG CORP (27.5 cents) - Uptrend intact

- Counter has been on a steady uptrend

- Volume is expanding particularly on white candle days

- Resistance is at 31 cents

- Support is at 27 cents

ISDN HOLDINGS ($1.42) - Upmove appears overstretched

- Prices are attempting to break above $1.35

- Break above indicates move towards $1.65

- Support appears at $1.35

YONGNAM HOLDINGS (37.5 cents) - Steady uptrend

- Resistance has been established at 38 cent level

- Stock has outperformed market

- Successful break indicates target of 45 cents

- Support is at 35.5 cents

ROWSLEY (44 cents) - Sideways consolidation range

- Prices have been within trading range

- Support has been established at 42 cents

- Quarterly momentum appears to be bottoming

- Eventual break above resistance at 48 cents indicates target of 60 cents

CNA HOLDINGS (15.2 cents) - Volatility abates

- Volatility has abated considerably

- Resistance has been established at 17 cents

- Support appears at 15 cents

(Source:  TheEdgeSingapore June 24 2013)

Strength dissipates for outperformers

GENTING HONG KONG (47 US cents) – Top formation underway

-         For now, stock appears in no danger of breaking down

-         Indicators are neutral

-         Resistance is at 51 US cents

SATS ($3.22) – Uptrend intact

-         One of the strongest in the market

-         There are hints that upmove is fatigued

-         Support is at $3.18

SIA ENGINEERING ($4.89) – Poised to break below top

-         Counter has gained strength against the market

-         Indicators suggest that breakdown is inevitable

-         Break below neckline at $4.92 indicates target of $4.50

ST ENGINEERING ($3.69) – Decline to continue

-         Prices have broken below 200 day moving average at $3.80

-         Support appears at $3.50

-         Prices may not hold and drift to $3.20 area

EZION HOLDINGS ($2.21) – Breaks moving average

-         Counter strengthened during the market correction

-         Corrective phase should be milder than the sharp fall elsewhere

-         Support is at $2.07

SWIBER HOLDINGS (69.5 cents) – Correction underway

-         Prices are in corrective phase

-         Prices are set to test confluence of 50 and 100 day moving averages

-         Prices are likely to move sideways

(Source:  TheEdgeSingapore June 17 2013)

Investors dump yield plays

STARHUB ($4.04) - Decline in force

-  Resistance is at 00 day moving average

- Prices should break below 200 day moving average at $3.97

- Support is at $3.60 to $3.70 range

M1 ($3.06) - Downtrend underway

- Prices are in process of falling from peak

- Support appears at $3

- Break below would indicate target of $2.50

SINGAPORE TELECOMMUNICATIONS ($3.66) - Breaks down from top

- Most resilient in the sector

- Prices are in top formation

- Neckline appears at $3.64

- Break below network indicates target of $3.17

CAPITARETAIL CHINA TRUST ($1.58) - Short-term bounce

- Prices are in minor rebound stage

- Resistance is at $1.66

- The original breakdown indicates a target at $1.40 which will probably be reached

MAPLETREE COMMERCIAL TRUST ($1.31) - Breaks below top

- Decline has yet to run its course

- Prices are about to break below neckline support

- Breakdown level is at $1.30

- Eventual break below would indicate a target of $1.07

SUNTEC REIT ($1.725) - Trend turns down

- Prices are within a large top formation

- Neckline coincides with 200 day moving average at $1.68

- Break below neckline indicates target of $1.40

- Resistance appears at $180

(Source:  TheEdgeSingapore June 10 2013)

REITs slump as QE fades

ASCENDAS REIT ($2.39) - Retreat picks up steam
- Prices broke below neckline at $2.61 indicating initial target of $2.35
- Support is at $2.25
- Prices are likely to experience a temporary rebound
- Resistance is at $2.52

AIMS AMP CAPITAL INDUSTRIAL REIT ($1.63) - Building a top
- Counter is building a top
- Prices have just broken down of neckline at $1.70
- Break indicates target of $1.45
- Any rebound is likely to find resistance at $1.70

CAMBRIDGE INDUSTRIAL TRUST (74.5 cents) - Breaks down from top
- Prices have broken below top formation at 83 cents
- Target of 63 cents
- Rebounds are likely to be tepid
- Resistance is at 78 cents

CACHE LOGISTICS TRUST ($1.29) - Short-term bounce
- Prices are in process of building a top
- Prices have dipped below neckline at $1.34
- Eventual low is likely to be around $1.17

MAPLETREE LOGISTICS TRUST ($1.195) - Also building a top
- Prices are in top formation and just moved below 50 day moving average
- Immediate support is at $1.23
- Breakdown indicates target of $1.07

SABANA SHARIAH COMPLIANT INDUSTRIAL REIT ($1.235) - Trend turns down
- Neckline of a larger top formation has just been breached
- Prices are likely to move progressively lower
- Break below $1.26 indicates downside of $1.08

(Source:  TheEdgeSingapore June 3 2013)

Heavyweight blue chips remain resilient

MANDARIN ORIENTAL (US$1.845) - Upmove picks up steam
- Prices broke out of US$1.75 indicating target of $1.96
- Shorter term indicators are overstretched but upmove is intact
- Support is at $1.75

JARDINE STRATEGIC HOLDINGS (US$40.43) - Uptrend intact
- Company is more than 75% held by parent
- Technically prices are on a steady uptrend
- Eventual upside could be around US$50 on the charts

JARDINE MATHESON HOLDINGS (US$66.04) - Uptrend intact
- Prices are near support
- ADX is rising and DIs are positively placed indicating uptrend should stay intact
- Resistance is at US$69
- Successful break indicates target of US$75

DAIRY FARM INTERNATIONAL (US$12.79) - Poised for upmove
- Quarterly momentum is in a downtrend but appears poised for breakout
- Resistance is at US$13.40-US$13.50 range.
- Successful break indicates target of US$15.50

HONGKONG LAND (US$7.26) - Sideways range
- Resistance is at twice tested US$7.50 LEVEL
- Support is at US$7.20
- ADX is rising and DIs are negatively placed suggesting prices could fall
- Quarterly momentum is in declining trend

JARDINE CYCLE & CARRIAGE ($48.05) - Rebounds off low
- Weakest in the Jardine group based on relative strength
- Resistance is at around $50
- ADX has turned down and DIs are neutral suggesting that the largest decline could be over
- Support is at $45

(Source:  TheEdgeSingapore May 27 2013)

Offshore stocks poised for breakouts

SWIBER HOLDINGS (68.5 cents) – Breaks out
- Prices have just broken out of resistance
- Volume surged on break
- Support is raised to 66 cents
- Immediate resistance is at 72 cents

MERMAID MARITIME (39 cents) – Poised for breakout
- Prices have cleared resistance at 40 cents
- Volume expanded but not spectacularly
- Break above 40 cents points to target of 50 cents

NAM CHEONG (26.5 cents) – Poised for breakout
- Prices are facing resistance at 27 cents
- Quarterly momentum has broken out of its own resistance
- Successful break would indicate target of 36 cents

SEMBCORP MARINE ($4.48) – Breaks above minor base
- Prices have broken above neckline at $4.40
- Quarterly momentum is in recovery mode
- Next resistance is at $4.50
- Break would provide impetus for move to $5
- Support is at $4.40

KEPPEL CORP ($10.85) – Resistance appears at top of base
- Current moves appear to be part of a broader base formation
- Prices may ease marginally to form the right shoulder
- Support is at $10.70

SEMBCORP INDUSTRIES ($5.02) – Testing top of base formation
- Prices appear to be forming a small reverse head and shoulder base
- Neckline is at $5.05
- Successful break would indicate a target of $5.45 to $5.55
- Near term range is likely to be narrow
- Support is at $4.90

(Source:  TheEdgeSingapore May 20 2013)

Market sidelines Myanmar plays

AUSSINO (10.1 cents) – Set to be sidelined
- In short term sharp down move may be over
- Prices are likely to drift to 3.5 cents

INTERRA RESOURCES (47.5 cents) – Top formation underway
- Counter is in top formation
- Immediate support is at 46.3 cents
- Resistance appears at 48 cents
- Earlier break points to target of 28 cents.

IPCO (2.8 cents) – Sideways range
- Prices are entrenched in sideways range
- Resistance is at 3 cents
- Support is at 2.6 cents
- Break below 2.6 cents will trigger sharp decline

NTEGRATOR (8.8 cents) – Some weakness ahead
- Prices are in top formation
- Neckline is at 8 cents
- Break below neckline indicates downside of 3 cents
- Resistance is at 9.9 cents

WE HOLDINGS (8.7 cents) – Breaks support
- Prices are on the retreat again
- Support is at 5.4 cents
- Resistance is at 8 cents

YOMA STRATEGIC (81.5 cents) – Sidelined
- Prices are in sideways range
- Price support is at 100 day moving average of 78.3 cents
- Break below 72 cents indicates target of 54 cents
- Resistance is at 81 to 82 cents

(Source:  TheEdgeSingapore May 6 2013)

REITs overextended, largest gains over

ASCENDAS REIT ($2.70) - Short-term peak

- Prices could correct below their 50 day moving average at $2.63

- Support appears at $2.54

- Resistance is at $2.86

FRASERS CNETREPOINT TRUST ($2.25) - Maturing uptrend

- Prices have just broken out of minor resistance setting target of $2.40

- Upturn started in 2009 and prices have quadrupled suggesting largest gains are over

FRASERS COMMERCIAL TRUST ($1.48) - Fatigue sets in

- There are signs of fatigue

- Prices may formed a minor peak at $1.54

- Support appears at $1.40

MAPLETREE COMMERCIAL TRUST ($1.385) - Facing resistance

- Main uptrend is intact

- Resistance has been established at $1.44

- Prices could stay range-bound for some time

- Support has been established at $1.25

STARHILL GLOBAL REIT (92.5 cents) - Breaks out

- Prices have broken out of resistance at 90 cents

- Break indicates target of $1.05

- Support is at 90 cents

SUNTEC REIT ($1.94) - Short term overstretched

- Upsurge from break is likely to turn to retreat soon

- Support for any retreat is at $1.82

- Earlier break indicates a target of $1.98

(Source:  TheEdgeSingapore April 22, 2013)

Telcos calling investors

MDR (1.7 cents) - Consolidation sets in

- Prices are likely to be rangebound for a few weeks

- Support has been established at 1.6 cents

M1($2.89) - Ripe for correction

- This counter has the greatest relative strength among the three telcos.

- Uptrend remains intact but probability of a correction is high

- Support appears at $2.89

STARHUB ($4.43) - Consolidates gains

- Prices are attempting to clear resistance

- Some form of consolidation is imminent

- Support appears at $4.18

SINGAPORE TELECOMMUNICATIONS ($3.60) - Temporary retreat underway

- Prices are struggling to maintain break above resistance

- Indicators suggest that prices should rebound

- Support appears at $3.51

- Breakout level remains at $3.60 and a successful break indicates upside of $3.80

NERATEL (66.5 cents) - Facing resistance

- Prices may have made a short term peak at 69.5 cents

- Short term downside is limited with support at 65 cents

- Breakdown is more likely in medium term

PACIFIC CENTURY REGIONAL DEVELOPMENTS (20.5 cents) - Attempts breakout

- Prices are attempting to break above 21.5 cents level

- Successful break indicates target of 27 cents

- Support is at 20.5 cents

(Source:  TheEdgeSingapore April 15, 2013)

Flight to quality

DBS GROUP HOLDINGS ($15.95) – Uptrend underway

-         Prices have established uptrend since start of the year

-         Prices have managed to break $15.72 resistance indicating objective of $16.50

-         Support is at $15.72

OVERSEA-CHINESE BANKING CORP ($10.57) – Uptrend intact

-         Prices have been on steady uptrend

-         Break above $9.80 indicated target of $10.80

-         If prices hold on break above $10.55 there is new upside of $11.10

-         Support is at $10

UNITED OVERSEAS BANK ($20.58) – Breaks out

-         Breakout above resistance indicates target of $21.60

-         Support is at $19.90

GREAT EASTERN HOLDINGS ($18) – Challenging resistance

-         Resistance at $18 has prevented further upmoves

-         Prices are unlikely to break out in the near term

-         Support is at $17.80

-         Break above $18 indicates objective of $22

PRUDENTIAL (US$15.40) – A dark horse gallops away

-         The high pre-global financial crisis was at equivalent of US$16.25

-         There is a new upside if prices are able to break US$16.25

-         Support is at US$14.40

SPDR GODL SHARES ETF (US$154.30) – Decline to continue

-         Prices have been on a clear downtrend

-         Support is at US$150

-         Break below support indicates target of US$140

(Source:  TheEdgeSingapore April 1, 2013)

Myanmar stocks oversold

AUSSINO (22 cents) – Volatility to continue

-         Temporary rebound is in force

-         Resistance at 21 cents

-         Move above 22.4 cents would be difficult

-         Support is at 16.3 cents

INTERRA RESOURCES (43 cents) – Temporary bounce, lower later

-         Resistance is at 48 cents

-         Prices are in downtrend

-         200 day moving averages provides some support at 38 cents

-         Break below 48 cents indicates target of 28 cents

IPCO (2.8 cents) – Temporary rebound

-         Any rebound is likely to be temporary

-         Resistance appears at 3 cents

-         Support is around 1.9 cents

NTEGRATOR (8.8 cents) – Some weakness ahead

-         Resistance is at 9.9 cents

-         Prices will probably fall after rebound

-         Support is at 4.8 cents

WE HOLDINGS (7 cents) – Short-term oversold

-         Rebound is imminent

-         Resistance is unlikely to go beyond 10 cents

-         Low of 5.4 cents may hold for now

YOMA STRATEGIC (75.5 cents) – Poised to break uptrend

-         Break below 72 cents would complete top formation with target of 54 cents

-         Prices are likely to have turned down

-         Resistance is at 81 cents

(Source:  TheEdgeSingapore, March 18 2013)

Interest turns to infrastructure

SIN HENG HEAVY MACHINERY (27 cents) – In a consolidation phase

-         Prices are in consolidation phase

-         Support appears at 26 cents

-         Prices could challenge 29 cents

-         Successful break indicates an objective of 38 cents

TAT HONG HOLDINGS ($1.50) – In a consolidation phase

-         Temporary correction is underway

-         Support appears at $1.50

-         Resistance is at $1.55

-         Break above $1.55 indicates an upside of $1.70

TIONG WOON (37 cents) – Set for correction

-         Prices are poised to start temporary consolidation

-         Support for move is at 35.5 cents

-         Quarterly momentum is still rising

-         Resistance is at 40 cents

-         Successful break indicates target of 48 cents

TTJ HOLDINGS (32 cents) – Forming bull flag

-         Prices are forming a bull flag

-         Break above 33 cents indicates upside of 41 cents

-         Break below 31 cents would invalid bull flag

YONGNAM HOLDINGS (28 cents) – Upmove intact

-         Prices could still push higher

-         Resistance is at 29 cents to 30 cents range

-         Support is at 27 cents

PAN-UNITED CORP (94.5 cents) – Set for downturn

-         Prices are in consolidation phase

-         Break below 94 cents would be negative causing prices to fall towards 85 cents

(Source:  TheEdgeSingapore, February 25 2013)

Tech stocks remain resilient

BROADWAY INDUSTRIAL GROUP (34 cents) – Breakout fails
- Prices have moved below 34.5 cents
- Support is at 32 cents
- 50 and 100 day moving averages are poised for positive cross and should limit retreat

STATS CHIPPAC (45.5 cents) – Temporary retreat
- Prices retreated following test of 53 cents
- Support is at 44 to 45 cent range
- Uptrend is intact
- Break above 44 cents indicates target of 60 cents

UMS HOLDINGS (46 cents) – Set for rebound
- Technical indicators are strengthening
- Support is at 45 cents
- Resistance is at 49 cents

AMTEK ENGINEERING (58 cents) – Facing resistance
- Declining 200 day moving average is providing resistance
- Prices moved above resistance level at 55 to 56 cents setting a target of 63 cents
- Support is at 53.5 cents

INNOTEK (37 cents) – Continues consolidation
- Resistance is at 37 to 38 cent area
- 50 and 100 day moving averages have made a positive cross
- Support is at 35 cents

ASTI HOLDINGS (8.2 cents) – Temporary retreat
- Prices have moved above 8 cent mark on relatively high volume
- Earlier break above 7.3 cents indicated target of 9 cents
- Downside is likely to be limited
- Support raised to 8 cents

(Source:  TheEdgeSingapore February 11 2013)