Situational stocks turn down

STATS CHIPPAC (57.5 cents) - Breaks down

- Prices are building a top

- Objective indicated from breakdown is at 45 cents

UNITED ENGIEERS ($2.84) - Loses momentum

- Prices could be building a top if quarterly momentum falls below support

- Stop loss level is at $2.76

- Break below would indicate target of $2.40

- Resistance is at $2.90

SINGAPORE POST ($1.85) - Struggling to stay afloat

- Counter is seen as a proxy to Alibaba

- Breakdown level is at $1.75

- Resistance is at $1.87

THAI BEVERAGE (74.5 cents) - Holding on to uptrend

- Uptrend remains very much in force

- Price support is at 71.5 cents

- Resistance is at 76 cents.  Break above this level may be difficult at this stage

SINCAP GROUP (14.1 cents) - Breaks support

- Prices broke support on Oct 7

- Break indicates target of 13 cents

- Prices will need to consolidate around 13 cents and build a base before attempting recovery

ROWSLEY (17.4 cents) - Should rebound off oversold low

- Prices are at 18 month low

- Oversold pressures should trigger temporary rebound towards 20 cents

- Next stage of downdraft depends on whether rebound causes a bear flag.

(Source:  TheEdgeSingapore October 13 2014)