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)