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)