S-chips tarred with the same brush

MIDAS HOLDINGS (47  cents) – Downtrend to continue
- Support is at twice tested 43.5 cents
- Volume is rising and expanding in black candle sessions
- Rebounds are likely to be temporary
- Downmoves set to be stronger than rebounds

YING LI INTERNATIONAL (41.5 cents) – Breaks below support
- Any rebound is likely to be short lived
- Prices have broken below 42 cent level indicating downside objective of 35 cents
- Technical indicators show signs that the downtrend has yet to run its course

SOUND GLOBAL (64 cents) – Uptrend intact
- Prices have not broken down or violated any key support level
- Break above 67 cents would be tough
- Support is at 62.5 cents

SUNVIC CHEMICAL HOLDINGS (41.5 cents) – Breaks support
- Short term oversold readings
- Chart breakdown indicates measuring objective of 30 cents
- Support appears first at 35 cents
- Resistance is at 43 to 44 cents

YANLORD LAND GROUP ($1.185) – Support breached
- Prices have fallen below support at $1.23
- Breakdown indicates target of $1.02
- Temporary bounce could materialize

SINO GRANDNESS FOOD INDUSTRY GROUP ($1.175) – Breaks below double top
- Prices are attempting a temporary rebound
- Resistance is at $1.25
- Prices have broken neckline indicating downside objective of $1

(Source:  TheEdgeSingapore September 2 2013)

Commodity stocks oversold

WILMAR INTERNATIONAL ($3.10) – Downtrend to continue

-         Breakdown level is at $3.09

-         Break would indicate target of $2.88

-         Short term stochastics is at low end and could trigger bounce

-         Prices unlikely to move above $3.10

NOBLE GROUP (81 cents) – Downward momentum persists

-         In short term, prices could actually rebound

-         Strong oversold pressures could trigger a bounce

-         Resistance is at 90 cents

-         Break below support in July indicates target of 55 to 60 cents

GOLDEN AGRI-RESOURCES (52 cents) – Downtrend intact

-         Trend is still downwards

-         Resistance is at 53 cents

-         Mixed state of indicators will keep prices within 50 and 53 cents range

KENCANA AGRI (24.5 cents) – Holds on to support

-         Downward momentum could be coming to an end

-         For next few weeks, prices could stay rangebound

-         Support is near current levels

-         Resistance is at 29 cents

FIRST RESOURCES ($1.72) – Early signs of a base

-         Prices are hovering around $1.68 support

-         Indicators suggest that there may be rebound which would meet resistance at $1.78

-         Prices could form a base if it is able to hold above $1.65

OLAM INTERNATIONAL ($1.54) – Set to retest $1.395

-         Immediate support is at $1.58 to $1.60 range

-         Breakdown is imminent and target of $1 is indicated from beakdown

-         Prices have already fallen below the three medium and long term moving averages.

(Source:  TheEdgeSingapore August 26 2013)

Property stocks stabilise

UOL GROUP ($6.94) – Testing a breakout level

-         Prices gained strength by moving above moving averages

-         Volume is expanding on white candle days

-         Resistance is at $6.98

-         Successful break would indicate target of $6.70

HO BEE INVESTMENTS ($2.19) – Challenging resistance

-         Prices are attempting to reach and break 3 year high

-         Quarterly momentum is turning up

-         Underpinnings should be able to trigger a breakout

-         Support is at $2.15

SINGAPORE LAND ($9.15) – Challenging 12-month high

-         Prices appear locked in a narrow range

-         There are signs that price could stage a breakout soon

-         Successful break above $9.10 to $9.15 level indicates target of $10.70

-         Support is at $8.90 to $9

CAPITALAND ($3.27) – Testing neckline of base formation

-         Counter has broken above the neckline of reverse head and shoulders formation

-         Breakout indicates immediate upside of $3.60

-         Support is at breakout level of $3.20

KEPPEL LAND ($3.74) – Forming a base

-         Prices are at the top of minor base formation

-         Resistance/breakout is at $3.70

-         Successful break indicates target of $4.20 to $4.30

-         Support is at $3.60

CITY DEVELOPMENTS ($10.74) – Short term sideways

-         Short term moves are likely to be sideways

-         Quarterly momentum is weak

-         Resistance is at $10.80

-         Successful break would indicate an upside of $12

(Source – TheEdgeSingapore August 5 2013)