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)