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)