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)
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