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)