WILMAR INTERNATIONAL ($3.50) - Breaks out of base
- Prices have broken out of neckline of multi-month base
formation
- 50 day and 100 day moving averages have made a positive
cross
- Breakout indicates target of $3.80
NOBLE GROUP ($1.03) - Uptrend to continue
- Prices are in recovery phase
- 50 day and 100 day moving averages have made a positive
cross
- Short term indicators are at the high end of their range
- Break above $1 indicates target of $1.20
OLAM INTERNATIONAL ($1.565) - Attempting recovery
- Counter broke above a double-bottom base formation
- Quarterly momentum has languished
- There is a probability that breakout is unsustainable
- Support appears at $1.49
- Resistance is at $1.64
GOLDEN AGRI-RESOURCES (60 cents) - Attempting to rally
- Prices are challenging three times tested resistance level
at 56 cents
- Quarterly momentum has broke out of resistance
- Successful break is possible which indicates target of 68
cents
- Support is at 57 cents
FIRST RESOURCES ($1.95) - Poised for breakout
- Prices are in a resistance area
- Quarterly momentum is rising strongly
- Indicators are supportive of breakout above $1.95
- Breakout would indicate target of $2.25
- Support is at $1.92
INDOFOOD AGRI RESOURCES (91 cents) - Base formation underway
- Prices are attempting to strengthen
- A break above quarterly momentum equilibrium line would
trigger break above 90 cents
- Break indicates target of $1.08
(Sources:
TheEdgeSingapore November 4, 2013)
