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)