- 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)
No comments:
Post a Comment