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)