Minor candlestick reversals

ASCENDAS REIT ($2.18) - Temporary rebound from piercing pattern

-  May have a temporary rebound from one year lows

- Support has been established at $2.09

- Resistance is at $2.30

FRASERS COMMERCIAL TRUST ($1.345) - Uptick from minor hammer

- Indicators could trigger a minor rebound

- Resistance is at $1.38

- Trend will probably remain downwards

CAPITARETAIL CHINA TRUST ($1.405) - Respite from morning star

- Hints of a minor morning star developing

- Candlestick reversal will likely trigger a temporary bounce

- Support is at $1.32

- Resistance is at $1.45

MAPLETREE INDUSTRIAL TRUST ($1.305) - Temporary rebound

- Positive divergence should trigger rebound

- Resistance is at $1.38 to $1.40 range

- Indicators suggest that decline has yet to run its course

PARKWAY LIFE REIT ($2.30) - Downtrend to continue

- Prices have broken 200 day moving average

- Any rebound will likely be momentary and tenuous

- Resistance is at $2.35 and downside is at $1.95

SABANA REIT ($1.155) - Early-stage base formation

- Downtrend remains evident

- Stock appears to be establishing the $1.08 level as support

- Short term rebound may occur

- Upper boundary appearing at $1.18

(Source:  TheEdgeSingapore July 1 2013)

Situational stocks inflate

ENVIRO-HUB  (12.7 cents) - Short-term overstretched

- Prices surged breaking above its moving averages

- Quarterly momentum broke above its equilibrium line

- Retreat could be temporary

- Support appears at 11.9 cents

- Break above 12.8 cents indicates an objective of 15 cents

HIAP TONG CORP (27.5 cents) - Uptrend intact

- Counter has been on a steady uptrend

- Volume is expanding particularly on white candle days

- Resistance is at 31 cents

- Support is at 27 cents

ISDN HOLDINGS ($1.42) - Upmove appears overstretched

- Prices are attempting to break above $1.35

- Break above indicates move towards $1.65

- Support appears at $1.35

YONGNAM HOLDINGS (37.5 cents) - Steady uptrend

- Resistance has been established at 38 cent level

- Stock has outperformed market

- Successful break indicates target of 45 cents

- Support is at 35.5 cents

ROWSLEY (44 cents) - Sideways consolidation range

- Prices have been within trading range

- Support has been established at 42 cents

- Quarterly momentum appears to be bottoming

- Eventual break above resistance at 48 cents indicates target of 60 cents

CNA HOLDINGS (15.2 cents) - Volatility abates

- Volatility has abated considerably

- Resistance has been established at 17 cents

- Support appears at 15 cents

(Source:  TheEdgeSingapore June 24 2013)

Strength dissipates for outperformers

GENTING HONG KONG (47 US cents) – Top formation underway

-         For now, stock appears in no danger of breaking down

-         Indicators are neutral

-         Resistance is at 51 US cents

SATS ($3.22) – Uptrend intact

-         One of the strongest in the market

-         There are hints that upmove is fatigued

-         Support is at $3.18

SIA ENGINEERING ($4.89) – Poised to break below top

-         Counter has gained strength against the market

-         Indicators suggest that breakdown is inevitable

-         Break below neckline at $4.92 indicates target of $4.50

ST ENGINEERING ($3.69) – Decline to continue

-         Prices have broken below 200 day moving average at $3.80

-         Support appears at $3.50

-         Prices may not hold and drift to $3.20 area

EZION HOLDINGS ($2.21) – Breaks moving average

-         Counter strengthened during the market correction

-         Corrective phase should be milder than the sharp fall elsewhere

-         Support is at $2.07

SWIBER HOLDINGS (69.5 cents) – Correction underway

-         Prices are in corrective phase

-         Prices are set to test confluence of 50 and 100 day moving averages

-         Prices are likely to move sideways

(Source:  TheEdgeSingapore June 17 2013)

Investors dump yield plays

STARHUB ($4.04) - Decline in force

-  Resistance is at 00 day moving average

- Prices should break below 200 day moving average at $3.97

- Support is at $3.60 to $3.70 range

M1 ($3.06) - Downtrend underway

- Prices are in process of falling from peak

- Support appears at $3

- Break below would indicate target of $2.50

SINGAPORE TELECOMMUNICATIONS ($3.66) - Breaks down from top

- Most resilient in the sector

- Prices are in top formation

- Neckline appears at $3.64

- Break below network indicates target of $3.17

CAPITARETAIL CHINA TRUST ($1.58) - Short-term bounce

- Prices are in minor rebound stage

- Resistance is at $1.66

- The original breakdown indicates a target at $1.40 which will probably be reached

MAPLETREE COMMERCIAL TRUST ($1.31) - Breaks below top

- Decline has yet to run its course

- Prices are about to break below neckline support

- Breakdown level is at $1.30

- Eventual break below would indicate a target of $1.07

SUNTEC REIT ($1.725) - Trend turns down

- Prices are within a large top formation

- Neckline coincides with 200 day moving average at $1.68

- Break below neckline indicates target of $1.40

- Resistance appears at $180

(Source:  TheEdgeSingapore June 10 2013)

REITs slump as QE fades

ASCENDAS REIT ($2.39) - Retreat picks up steam
- Prices broke below neckline at $2.61 indicating initial target of $2.35
- Support is at $2.25
- Prices are likely to experience a temporary rebound
- Resistance is at $2.52

AIMS AMP CAPITAL INDUSTRIAL REIT ($1.63) - Building a top
- Counter is building a top
- Prices have just broken down of neckline at $1.70
- Break indicates target of $1.45
- Any rebound is likely to find resistance at $1.70

CAMBRIDGE INDUSTRIAL TRUST (74.5 cents) - Breaks down from top
- Prices have broken below top formation at 83 cents
- Target of 63 cents
- Rebounds are likely to be tepid
- Resistance is at 78 cents

CACHE LOGISTICS TRUST ($1.29) - Short-term bounce
- Prices are in process of building a top
- Prices have dipped below neckline at $1.34
- Eventual low is likely to be around $1.17

MAPLETREE LOGISTICS TRUST ($1.195) - Also building a top
- Prices are in top formation and just moved below 50 day moving average
- Immediate support is at $1.23
- Breakdown indicates target of $1.07

SABANA SHARIAH COMPLIANT INDUSTRIAL REIT ($1.235) - Trend turns down
- Neckline of a larger top formation has just been breached
- Prices are likely to move progressively lower
- Break below $1.26 indicates downside of $1.08

(Source:  TheEdgeSingapore June 3 2013)