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)