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)