Quality counters under pressure

SEMBCORP MARINE ($3.78) - Accelerated decline

- Prices are experiencing an accelerated downtrend

- Temporary rebound may materialise

- Resistance is at $3.84

- Earlier breakdown indicated target of $3.60

SEMBCORP INDUSTRIES ($5.22)

- Experiencing a temporary rebound

- Resistance is at $5.25

- Counter has not bottomed and likely to drift sideways and lower

- Support is at $5

COSCO CORP (68 cents) - Set for bounce

- Appears to have found support at 64 cents

- Rebound is imminent with resistance at 72 cents and 75 cents

STARHUB ($4.13) - Temporary rebound in force

- Temporary rebound is underway

- Resistance appears at $4.16

- Decline is likely to resume soon with support at $4.02

WILMAR INTERNATIONAL ($3.13) - Continues to drift lower

- Price broke below twice tested $3.14 level

- This is providing resistance as counter rebounds

- Next support is at $3

PACIFIC CENTURY REGIONAL DEVELOPMENTS (26.5 cents) - No follow-through

- Current level of 27 cents represents a high

- Prices may ease from here

- Support is at 26 cents

(Source:  TheEdgeSingapore September 29 2014)

Inherent weakness despite breakouts

THAI BEVERAGE (76 cents) - Upmove intact

- Uptrend remains very much in force

- Breakout above 70 cents points to measured move to 81 cents

- Support/stop loss should be raised to 70 cents

ASIAN PAY TV TRUST (90 cents) - Uptrend intact, consolidation likely

- Prices are losing steam

- Support appears at 87 cents

- Earlier break above 83 cents indicates target of 93 to 94 cents

CITY DEVELOPMENTS ($9.85) - Attempting rebound

- Support is at $9.77

- Quarterly momentum is stuck below its equilibrium line

- Break below $9.77 would reconfirm the downtrend

GUOCOLAND ($2.14) - Challenging top of base again

- Upmove was accompanied by volume expansion

- Resistance is at $2.17

- Retreat is likely to find support at $2.12

- If prices move above $2.17, next resistance appears at $2.28

NEPTUNE ORIENT LINES (97.5 cents) - Retreat in force

- Prices have broken below $1 line

- Counter may drift towards 95 cents

- An upturn would trigger rebound towards $1.035

OXLEY HOLDINGS (58.5 cents) - Breaking below support

- Prices appear poised to break below support of 62 cents

- A break indicates initial target of 52 cents

- Oversold position may trigger temporary rebound

- Resistance appears at 65 cents

(Source: TheEdgeSingapore September 15 2014)

Some stocks beak out, others retreat

KS ENERGY SERVICES (51 cents) - Attempts upmove

- Counter has established an uptrend

- Resistance is at 61 cents for now

- Price should be able to breach 61 cents eventually

KRIS ENERGY (81 cents) - Challenging top of base again

- May not be sufficient volume for prices to break resistance

- Resistance has been established at 84 cents

- Support is at 79 cents

- Successful breakout is unlikely but if materializes the upside is at $1.07

LINC ENERGY ($1.225) - Temporary bounce, decline intact

- Rebound does not appear to be sustainable

- Support is at $1.15 and break below this level indicates downside of 70 cents

- Resistance at $1.26 to $1.28 level

THE HOUR GLASS ($1.99) - Short-term overstretched

- Prices are at 10 year high

- Difficult to see much more upside in the near term

- Prices may inch towards $2.10

- Support is at $1.88

HIAP TONG CORP (15.6 cents) - Unlikely to break out

- Prices are in a one-year base formation

- Resistance appears at 18 cents

- Range remains narrow and support appears at 15.4 cents

HOTEL PROPERTIES ($4.15) - Poised for breakdown

- Prices are likely to be in top formation

- Quarterly momentum is declining

- A break below $4.10 completes the top and indicates downside of $3.70

(Source:  TheEdgeSingapore September 8 2014)