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)