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)