A rising tide lifts some boats

SAMUDERA SHIPPING (15.5 cents) - Forming a base
- Quarterly momentum appears poised for upturn
- Resistance appears at 15.5 cents
- Break out remains difficult in the immediate term
- Support is at 14 cents

SWISSCO HOLDINGS (23.5 cents) - Testing support
- Prices are testing support at 23 cents
- Prices should rebound off 24 cents
- Resistance appears at 26 cents level

MERCATOR LINES (12.9 cents) - Poised for a breakout
- ADX is falling and DIs are neutral
- Resistance appears at 13.5 cents
- Prices may attempt a breakout
- Support is at 10.5 cents

JAYA HOLDINGS (67.5 cents) - Challenging resistance
- Resistance is at 68 cents
- Successful break indicates an upside of 75 cents
- Support is at 65.5 cents

COSCO CORP (79 cents) - Temporary retreat
- Temporary retreat is underway
- Resistance is at 84 cents
- Successful break would take prices to $1
- Support is at 77 cents

FALCON ENERGY GROUP (44 cents) - Short-term overbought
- In short term, prices are overextended
- Prices have cleared resistance at 40 cents indicating target of 54 cents
- Support is at breakout level of 40 cents

(Source:  TheEdgeSingapore September 30, 2013)

Infrastructure plays build base patterns

TAT HONG HOLDINGS (93 cents) - Forming a base
-  Prices have almost halved from peak in January
-  It appears that worst of decline is over
- Initial resistance is at 95 cents
-  Support is at 85 cents

HIAP TONG CORP (19.8 cents) - Forming a base
-  Prices are in the early stages of a bottom
-  Successful test of 17.5 to 18 cent level would confirm a base
-  Initial resistance is at 22 cents

YONGNAM HOLDINGS (30 cents) - Temporary retreat
-  Recovery from 23 cents was swift
-  Prices are set for retreat
-  Prices have met resistance at 31 cents
-  Support is at 28 cents

SIN HENG HEAVY MACHINERY (22.5 cents) - Testing top of base
-  Counter has had a less drastic price decline
-  Prices are meeting with resistance at 22.5 to 23 cent level
-  Eventual breakout should materialise with target of 27 cents
-  Support is at 21 cents

TIONG WOON CORP (35.5 cents) - Challenging resistance
-  Counter is still part of the way through declining trend
-  Fall was stopped at support at 33 cents
-  In order to breakout volume needs to rise
- In absence of volume expansion prices could ease towards 33 cents

TIONG SENG HOLDINGS (25 cents) - Decline to continue
- Decline has yet to run its course
- Prices have just fallen below 50 and 200 day moving averages
- Earlier break indicates target of 20 cents which is likely to be attained
- Volume has shrunk considerably

(Source:  TheEdgeSingapore September 23 2013)

Commodity stocks attempt base formations

WILMAR INTERNATIONAL ($3.24) – Forming a base
- Prices have managed to hold at $3 support area
- Both momentum and prices are testing resistances
- Successful break above $3.15 to $3.20 region would end downtrend  and indicate target of $3.50

FIRST RESOURCES ($1.92) – Recovery underway
- In the short term prices could ease towards $1.85
- Quarterly momentum has cleared its several times tested resistance
- Break above $1.95 completes a major double bottom and indicates target of $2.25

GOLDEN AGRI-RESOURCES (54 cents) – Forming a base
- Downtrend could be coming to an end
- In the short term, counter is likely to consolidate its gains
- Quarterly momentum has yet to clear its resistance

KENCANA AGRI (24 cents) – Should attempt rebound
- Prices have moved below support level at 25 cents
- This could turn out to be a false break
- Quarterly momentum could provide support for prices to regain 25 cent level soon

INDOFOOD AGRI (84.5 cents) – Early signs of a base
- Prices are attempting to move out of a downtrend
- Quarterly momentum has also made an initial rebound
- Prices have moved above 50 days moving average
- Next resistance is at 90 cents

NOBLE GROUP (95.5 cents) – Building a base
- Prices have tested 80 cent level twice
- Successful breakout establish 86 cents as the new support
- Resistance is at $1 mark

(Source:  TheEdgeSingapore September 16 2013)