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)