REITS continue to outperform

SUNTEC REIT ($1.945) - Somewhat overstretched
- Break above $1.86 indicates a target of around $2.02
- Volume surged as prices broke out suggesting genuine buying
- Support is at breakout level of $1.86

CAPITAMALL TRUST ($1.975) - Facing resistance
- Counter has lagged sector this year
- Quarterly momentum appears poised for a breakout
- If this materialises, prices will be able to move above resistance at $1.99 to $2.00 range
- Successful breakout indicates initial target of $2.12 and eventual upside of $2.22
- Support is at $1.96

GENTING SINGAPORE ($1.14) - Base formation
- Rebound is likely to fade shortly
- Resistance is at $1.15
- Volume has contracted as prices advanced a sign that up-momentum is depleting
- Support is at $1.08

CAPITARETAIL CHINA TRUST ($1.595) - Challenging resistance
- Counter appears poised for a rally
- Prices have found support at $1.59
- Volume surged as prices attempted to rise
- Resistance is at $1.63 level
- On breakout, upside of $1.80 is indicated
- Support is at $1.59

OLAM INTERNATIONAL ($2.13) - May ease from current levels
- Trend of this counter is basically downwards
- Immediate support is at $2.00 and a breakdown indicates an initial target of $1.80
- Resistance is lowered to the congestion around $2.20

YUUZOO CORP (51 cents) - Retreat underway
- Short term indicators are at the top of their range
- Retreat is likely to materialise
- Immediate support is at 50 cents and subsequent support is at 46 cents

(Source:  TheEdgeSingapore December 1, 2014)

Two-tier market

OVERSEA-CHINESE BANKING CORP ($10.35) - A blip now, more upside later
- Prices have risen since start of the month
- Counter may form a tweezers top, a minor top formation.  If so temporary resistance will be established at $10.50
- If this is breached, new upside is $11.10
- Support is at $10.20

DBS GROUP HOLDINGS ($19.56) - Facing resistance
- Prices may start consolidating their gains
- If uptrend is to be maintained support is at $19.20 to $19.30
- Breakout level is at $19.75
- Successful breakout indicates upside of $20.70

UNITED OVERSEAS BANK ($23.38) - Challenging resistance
- Prices are now challenging twice tested resistance at $23.50 level
- Successful breakout would point to retest of $24.10 resistance and indicate target of $24.50
- Support is at $23

GOLDEN AGRI-RESOURCES (45 CENTS) - Sharp sell-off
- Counter took a turn for the worse and collapsed on very high volume
- If prices break 45 cents it would form a bear flag and indicates a vertical measurement to 41 cents
- Move above 47 cents invalidates the bear flag

SEMBCORP INDUSTRIES ($4.62) - Decline halts, attempting base
- ADX is still high but is turning down suggesting that worst of decline is over
- Support is at $4.54
- Resistance is at $4.70

JARDINE C&C ($40.97) - Base formation
- 100 and 200 day moving averages are poised to form a dead cross
- In the near term, immediate decline has bee stopped
- Support has been established at $39.95
- Resistance appears at $42 and a breakout is unlikely this month

(Source:  TheEdgeSingapore November 24, 2014)

Receding tide sinks offshore plays

SEMBCORP MARINE ($3.53) - Breaks support
- Prices are testing lower boundary of sideways consolidation range
- Appear poised to break $3.58 level
- If it breaks $3.58, downside objective is at $3.30
- Largest declines are probably over
- Resistance is at $3.58

OLAM INTERNATIONAL ($2.41) - Upward push
- Staging a rebound on very low volume
- Resistance is at $2.40
- Breakdown level from the top formation at $2.44 provides next level of resistance
- Support is at $2.03

KEPPEL CORP ($9.30) - Receding down-momentum
- Downtrend is ongoing
- Largest price decline could be over
- Breakdown could materialize and area around $9 should halt the decline
- Resistance is at $9.60

NAM CHEONG (42 cents) - Facing resistance
- Appears stronger than its larger cap peers
- Break above 42 to 43 cents level will be an uphill task
- Prices are likely to move sideways before easing
- Support appears at 38.5 cents

WILMAR INTERNATIONAL ($3.17) - Chart pattern strengthens
- Base formation continues
- Prices are testing top of a multi-month base formation at $3.16 to $3.20
- Break above this level gives upside of $3.40

NOBLE GROUP ($1.275) - Temporary rebound
- Rebounding on significantly lower volume
- Resistance is near current levels at confluence of 50 and 200 day moving averages
- Support is at recent October low of $1.18

(Source:  TheEdgeSingapore November 17, 2014)

Property counters showing pockets of strength

CAPITALAND ($3.12) - Challenging resistance
- Counter has gained strength against the sector
- Breakout may not materialize yet
- Break above $3.23 would indicate a significant upside
- Support appears at 200 day moving average at $3.10

KEPPEL LAND ($3.27) - Facing resistance
- Volume has dwindled significantly suggesting that prices are still within consolidation/base formation
- Downside should be limited
- Support appears at $3.27
- Resistance is at $3.42

CITY DEVELOPMENTS ($9.41) - Starting to sag again
- Appears weaker than its large-cap peers
- Volume has dwindled, a sign of a base
- Downside is limited
- Prices may retest October low of $9.20
- Resistance is at $9.80

FRASERS CENTREPOINT ($1.605) - Decline persists
- Counter has the weakest chart among larger-cap stocks in the sector
- Prices appear poised to break below support at $1.59
- Break below support indicates downside for the stock with support at $1.40
- Resistance is at $1.66

SINGAPORE TELECOMMUNICATIONS ($3.80) - Attempting breakout
- Counter is attempting to push higher
- Prices could move above $3.80 to $3.84 range
- Immediate support is at $3.64 and a breakdown would point to retest of $3.35

GENTING SINGAOPRE ($1.04) - Attempting to halt
- Pace of decline of quarterly momentum has slowed significantly
- Suggest that declines are over and prices are likely to move sideways
- Support is at $1 but rebounds are unlikely to move much beyond $1.10 to $1.12 range

(Source:  TheEdgeSingapore November 10, 2014)

Oversold stocks await rebound

Keppel Corp ($9.36) - Finding support

- Counter is near, at the very least, an intermediate low

- New support is at $9.32

- Initial resistance is at $9.80

- Major support established in 2011 is at $8.60 to $8.65

Olam International ($2.09) - Downtrend to persist

- Earlier break below neckline formation indicated target of $2.08

- Temporary rebound is underway

- Downtrend has yet to run its course

- Prices are likely to move below October low of $2.03 towards $1.75

- Major support appears at $1.55

Golden Agri-Resources (51 cents) - Recovery underway

- Prices are in base formation

- Prices may have bottomed at 47 cents

- Break above 52 cents is needed to turn chart pattern more positive and this would indicate upside of 58 cents

Noble Group ($1.185) - Oversold pressures to trigger bounce

- Prices reached an intraday low of $1.12

- Hugh oversold pressures have built up which could trigger a bounce

- Resistance is at $1.25

- Downtrend has not run its course and may retest and break $1.12

Wilmar International ($3.18) - Attempting recovery

- Current moves are likely to be part of a broader base formation

- Immediate resistance appears at $3.18 to $3.20 range

- Breakout level for momentum is at its equilibrium line, which hasn't materialized yet

- When this occurs resistance is at $3.65 to $3.68 level

United Overseas Bank ($22.46) - Regains 200-day

- Prices have managed to regain 200 day moving average

- Prices have been on a downtrend since July

- Price resistance is at $22.54

- Breakout is required to provide upside which could be as high as $24

- Support is at 200 day moving average

(Source:  TheEdgeSingapore November 3 2014)