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)