Situational stocks overstretched

STATS CHIPAC (66 CENTS) - On the high side

- Prices are retesting their June high

- At 68.5 cents, prices have actually made a one year high

- Breakout indicates target of 80 cents

- Stop loss level is at 60 cents

UNITED ENGINEERS ($2.85) - Overextended

- Prices are extremely overextended

- Price support is at $2.66

- Move below $2.76 would result in short term traders exiting

- Resistance is at $2.87

HALCYON AGRI RESOURCES (85.5 cents)  - Attempting recovery

- May continue to be weighed down by selling pressure

- Prices have sufficient impetus to test 88 cents

- Support has been established at 81.8 cents

THAI BEVERAGE (68.5 cents) - Shooting star appears

- Uptrend remains in force

- There is a shooting star that formed on Aug 22. 

- Support is at 65 cents

GENTING SINGAPORE ($1.23) - Short-term engulfing

- Downtrend remains in force

- Resistance appears at $1.26

- Moving averages remain negative

SEMCORP INDUSTRIES ($5.13) - Should rebound off oversold low

- Prices are set to rebound but move is likely to be temporary

- Resistance appears at $5.20

- Eventually prices may fall below $5

(Source:  TheEdgeSingapore September 1 2014) 

Rising tide lifts some stocks

NEPTUNE ORIENT LINES ($1.02) - Breaks out

- Prices move above twice tested resistance at $1

- Breakout indicates an initial upside of around $1.13

- Price support appears at 97.5 cents

COSCO CORP (73.5 cents) - Challenges resistance

- Volume has expanded with white candle days

- Neckline is at 75.5 cents

- Successful breakout indicates target of 87 cents

- Support is at 71.6 cents

SAMUDERA SHIPPING (17.5 cents) - Attempting recovery

- Prices are attempting to establish an uptrend

- Break above 17.5 cents indicates target of 25 cents

- Support is at 16.9 cents

KS ENERGY SERVICES (50.5 cents) - Attempting breakout

- Resistance is near current levels at 50 cents

- Successful break above 50 cents indicates target of 60 cents

- Support is at 47 cents

COURAGE MARINE (6.6 cents) - Attempting base formation

- Quarterly momentum is turning up

- Resistance is at its equilibrium line

- Break above eight cents is unlikely in next few weeks

- Prices may ease towards six cents

MERCATOR LINES (8.5 cents) - Decline remains in force

- Remains in a downtrend

- Earlier break below 9.5 cents indicated downside objective of 5.4 cents

- Resistance is at nine cents

(Source:  TheEdgeSingapore August 25, 2014) 

Property stocks weighted down by fundamentals

CITY DEVELOPMENTS ($9.78) - Breaks support

-  Fallen below its 200 day moving average

- Short term indicators are oversold

- Initial resistance at $10.00

- Support is at $9.40

WING TAI HOLDINGS ($1.85) - Retreat underway

- Support appears at $1.67

- Resistance at $1.94 level

- Any rebound will likely remain weak

HO BEE LAND ($2.19) - Set for a retreat

- 200 day moving average may provide support

- Rebound is temporary with resistance at $2.24 to $2.25 level

- Support is at $2.18 level

- Break below support indicates target of $1.97

UOL GROUP ($6.33) - Correction sets in

- Broken below 100 day moving average and support at $6.44

- Breakdown indicates target of around $6.00

- Rebound likely to be temporary

- Resistance is at $6.44 level

HOTEL PROPERTIES ($4.19) - Support/breakdown at hand

- Prices are testing 50 day moving average and support level

- Next important support is at $4.00

- Main support is at $4.00 and a break below indicates downside of $3.60

FRASERS CENTREPOINT LTD ($1.755) - Looking good

- Prices are attempting to move above minor resistance

- Price rise could occur in early September

- Counter could retest its year high of $2.00

- Support is at $1.70

(Source:  TheEdgeSingapore August 18, 2014)

Rotational interest buoys some laggards

OVERSEA-CHINESE BANKING CORP ($10.17) - Upmove underway

- Moving averages are turning positive

- Advance has yet to run its course

- Break above $9.80 indicated a target of $11.20

HI-P INTERNATIONAL (68 cents) - Temporary retreat possible

- Temporary retreat is likely in the short term

- Minor resistance appears at 68.5 cents

- Support is at 63 cents

- Breakout above 63 cents indicated a target of 80 cents

KEPPEL LAND ($3.51)  - Correction sets in

- Breakout above $3.44 to $3.48 was not sustainable

- Successful break above $3.48 would indicate target of $3.80

- Fail point of breakout is at $3.48

- Short term moves are likely to be downwards

- If prices break below $3.48, next support is at $3.30

 CAPITALAND ($3.38) - Temporary retreat

- Counter is on an uptrend

- Temporary correction is underway

- Support appears at $3.30 to $3.35

- Breakout indicates target of $3.65

DBS GROUP HOLDINGS ($18.14) - Consolidation imminent

- Upsurge is either over or almost over

- Prices are set to retreat to $17.50

- Resistance is at $18.30

UNITED OVERSEAS BANK ($22.64) - Short-term oversold

- Largest declines are probably over

- In the short term prices should rebound

- Rebound is likely to meet resistance at $23.38

- Correction/consolidation phase is likely to continue after rebound

(Source:  The Edge Singapore August 11 2014)