Oversold offshore stocks set for bounce, transport stocks lacklustre

COMFORTDELGRO ($2.97) - Could breach support

- Prices testing support area around $2.90

- Directional movement indicates that prices could fall below $2.90

- If prices break support, target of $2.70 is indicated

- Resistance is at $3.08

SATS ($3.85) - Building a top

- Signs of fatigue are setting in

- Directional movement suggests possible turn from uptrend

- Breakdown point is $3.81

- Prices are likely to trend sideways

- Resistance is at $4.03

SINGAPORE AIRLINES ($11.04) - Could challenge resistance

- Prices are hovering around support

- Indicators point to strength ahead

- Resistance appears at $11.10

- Prices may continue to trend sideways before attempting to breakout

- Successful breakout indicates target of $12.20

SEMBCORP INDUSTRIES ($3.04) - Short-term extensively oversold

- Prices are attempting to form support at $3

- Prices are ready for a rebound with resistance at $3.18

- They could then move sideways to build more of a base

SEMBCORP MARINE ($1.785) - Temporary bounce, downtrend intact

- Prices are at lowest level since 2008

- Downtrend is entrenched

- Prices are likely to form a new lower resistance level around $1.85

- Support is at $1.65 and this may well be breached

SMRT CORP ($1.475) - Facing resistance

- Prices are likely to weaken if they sink below support at $1.41

- Technical indicators confirm a weaker phase ahead

- Support appears at $1.35

- Resistance is at $1.50

(Source:  TheEdgeSingapore December 21, 2015)

Rotational interest drives short term gains

SUNMOON FOOD CO (8.4 cents) - Somewhat overstretched

- Prices have probably run ahead f themselves

- Quarterly momentum looks bullish

- In the short term prices may push higher but it is likely that the largest gains are over

- Resistance at 10 cents

- Support at 6.8 cents

TT INTERNATIONAL (8.7 cents) - Poised for breakout

- Prices could pause temporarily

- Support appears at 7.4 cents

- Prices have potential to move higher

- If prices break 9.1 cents, target of 13.2 cents is indicated

MEMSTAR TECHNOLOGY (1.2 cents) - Could start base formation

- Prices are still in a downtrend

- 1.5 cent level could turn out to be the top of a broader base formation

- 1.2 cent level should be seen as stop loss support level

WILLAS-ARRAY ELECTRONICS HOLDINGS (67 cents) - Breaks out of resistance

- Quarterly momentum has moved above resistance

- Directional movement is turning up

- Resistance appears at 78 cents

SINGAPORE O&G (81 cents) - Gains strength

- Counter continues to gain strength

- Uptrend remains intact

- Break above 78 cents indicates target of 93 cents

UNITED FOOD HOLDINGS (17.5 cents) - Could gain strength

- Quarterly momentum is showing signs of turning up

- Breakout of 18.3 cents would garner more interest

- Support is at 15.6 cents

(Source:  TheEdgeSingapore December 7 2015)

Speculative interest in penny stocks to abate

SPACKMAN ENTERTAINMENT (16.2 cents) - Short term overbought

- Quarterly momentum is overstretched

- Likely to have correction in near term where prices retrace to 12.2 cents area

MM2 ASIA (78.5 cents) - Largest gains over

- Largest gains are probably over as prices start to build a top

- Prices tested 50 days successfully

- 100 day moving average at 66.7 cents is the support of last resort

- Resistance is at 80 cents

NEPTUNE ORIENT LINES ($1.21) - Upside limited

- Prices have risen more than 56% from low of 77 cents

- Volume is confirming trend and upside of around $1.26 was indicated

- Support appears at $1.15

ALLIANCE MINERAL ASSETS (12.3 cents) - Breaks above 100 day moving average

- Prices just cleared 100 day moving average at 9.7 cents

- Volume surged on initial breakout so upmove should resume once consolidation is over

- Resistance is at 14 cents

- Support is at 9.7 cents

GOLDEN AGRI-RESOURCES (36.5 cents) - Should stay resilient

- Prices are testing support area at 35 cents

- Prices have maintain their uptrend following breakout of base formation in September

- Resistance is at 41 cents

- Support is at 35 cents

CORDLIFE GROUP ($1.345) - Breaks above resistance

- Prices broke resistance at $1.27 indicating target of $1.48 - $1.50

- Prices broke out on high volume suggesting upside is attainable

- Prices likely to rise to upside before any major correction

(Source:  TheEdgeSingapore November 30 2015)

Offshore stocks continue to sink

MARCO POLO MARINE (19.8 cents) - Poised for breakdown

- Prices are in process of breaking support at 19 cents

- Indicators suggest that prices are set to breakdown

- If breakdown occurs, initial downside of 14 cents is indicated

SEMBCORP MARINE ($2.19) - Poised to break support

- Prices are testing support area at $2.18 to $2.20

- Breakdown appears imminent

- If breakdown occurs, it would indicate target of $1.80

SEMCORP INDUSTRIES ($3.33) - Hovering at support

- Prices may break below support at $3.30

- Quarterly momentum appears poised to turn down

- The year's low provides support at $3

- Resistance is at $3.56

KEPPEL CORP ($6.76) - Approaching key support

- Prices are approaching support at $6.60

- Directional indicates suggest that prices are likely to trend progressively lower

- Break of support would indicate target of $5.80

- Resistance is at $7.02

YANGZIJIANG SHIPBUILDING ($1.11) - Further declines likely

- Chart looks like prices have come off a bear flag

- Target of $1 is indicated

TRIYARDS (42 cents) - Hovering around support

- Quarterly momentum has risen above equilibrium line

- Resistance is at 45.5 cents

- Unlikely that prices have sufficient impetus to rise above resistance

- When prices starts to ease, it is likely to retreat towards 37 cents

(Source:  TheEdgeSingapore November 23 2015)

Healthcare stocks attract momentary interest

INTERNATIONAL HEALTHWAY CORP (9.2 cents) - Trading below NAV

- Prices are still hovering at the low end of their range

- Short term stochastics appears to be turning up

- Book value as at Sep 30 is at 14.92 cents

- Immediate resistance is at 9.4 to 9.5 cents

- Support is at 8.8 cents

SINGAPORE O&G (69.5 cents) - Strengthens

- Counter has picked up strength

- Quarterly momentum is rising

- Resistance is at 79.5 cents

- If prices break resistance new upside of 90 cents is indicated

- For prices to retain strength, they need to hold above 100 day moving average

HEALTHWAY MEDICAL CORP (3.8 cents) - Entrenched beneath resistance

- Counter has lost relative strength

- Short term stochastics has turned up

- Prices could clear 50 day moving average to test 4.7 cents if quarterly momentum can rebound

- Support appears at 3.4 cents

ISEC HEALTHCARE (29 cents) - Short term sideways

- Prices are challenging still declining 100 day moving average

- Quarterly momentum has recovered after bottoming out

- Prices may attempt to break above 29 cents

- Successful breakout indicates upside of 39 cents

- Support appears at 27 cents

RAFFLES MEDICAL GROUP ($4.30) - Rebounds off 200 day moving average

- Prices bounced sharply off 200 day moving average

- Quarterly momentum has turned up from a one year low

- Immediate resistance is at $4.43

Q&M DENTAL GROUP (SINGAPORE) (77.5 cents) - Hovering around support

- Counter has been a steady performer

- Prices have remained above the 200 day moving average

- Does not appear to have sufficient volume or momentum for prices to move much higher than 79 to 80 cents

- Resistance appears at July high of 88 cents

(Source:  TheEdgeSingapore November 16,2015)

Base formations increasingly visible

STARHUB ($3.58) - Base formation takes shape

- Prices have approached top of base formation

- Retreat is likely to be temporary

- When short term indicators recover and volume expands, prices should be able to clear resistance area

- Support is at $3.58

HI-P INTERNATIONAL (52.5 cents) - Recovery faces resistance

- Prices have managed to recover from steep decline

- Quarterly momentum is at a major resistance level

- Support should hold above 49 cents

- Break above 53 cents would indicate target of 70 cents

GENTING SINGAPORE (80.5 cents) - Base formation underway

- Prices are likely to move sideways to lower

- Support is at the neckline

- Break above 82 cents indicates a short term target of 91 cents

FIRST RESOURCES ($1.95) - Uptrend develops

- Temporary retreat underway with support at $1.85

- Prices should be able to move broadly higher towards $2.15

- Counter has outperformed the sector and looks set to retain its relative strength

BUMITAMA AGRI (82 cents) - Temporary easing

- There is some weakness

- 50 day moving average at 78 cents should be able to support any price retreat

- Prices need to move above 87 cents before they are able to gain up momentum

- There is a target of $1.04 if it successfully break above 87 cents

INDOFOOD AGRI-RESOURCES (58 cents) - Temporary retreat

- Worst news on the fundamental front could be over

- In the near term prices may ease further

- Support appears at 55 cents

- Earlier break above 55 cents indicated a target of 70 cents

(Source:  TheEdgeSingapore November 2 2015)

Property stocks strengthen as recovery takes hold

CAPITALAND ($3.08) - Starts to form uptrend

- Prices could start to form an uptrend

- Quarterly momentum has broken out of a double bottom

- Counter should start to form higher lows on its retreats and higher highs during rallies

- New support is at $2.98 to $3.00

CAPITALAND COMMERCIAL TRUST ($1.39) - Forming base

- Chart appears to be in a bottoming process

- Indicators suggest that prices are likely to form an uptrend

- Resistance is at $1.44

- Support is at $1.35

CITY DEVELOPMENTS ($8.23) - Needs to catch up

- Counter has lagged the sector as prices have not formed a base

- Quarterly momentum may be forming a base

- Immediate is at $8.42.  A successful break provides impetus to test $9.00

- In near term prices may be range-bound between $8.24 and $8.05

GLOBAL LOGISTIC PROPERTIES ($2.30) - Gains strength

- Looks like strongest counter in the sector

- Quarterly momentum gained tremendous strength

- Immediate breakout level is at $2.32

- Break above this indicates target of $2.70

- Only negative is the relatively low volume

UOL GROUP ($6.73) - Gains significant strength

- One of the strongest counters in its sector

- Counter has just moved above its 100 day moving average

- Next notable resistance is at $7.00

- Temporary retreat is overdue, support appears at $6.50

WING TAI HOLDINGS ($1.765) - Facing resistance

- Price chart is not as positive as the sector's leaders

- No presence of any positive divergence with quarterly momentum

- Resistance is at $1.82

- Support is at $1.72

(Source:  TheEdgeSingapore October 19 2015)

Situational stocks continue recovery

SEMBCORP INDUSTRIES ($3.73) - Challenging 100 day moving average

- Prices testing the neckline of what looks like reverse head and shoulder formation

- Quarterly momentum is rising

- Successful breakout indicates target of $4.48

- In short term prices may pause and consolidate temporarily

SEMBCORP MARINE ($2.53) - Forming base

- Prices are currently in a resistance area

- White candle days have been accompanied by volume expansion

- Quarterly momentum appears set to strengthen

- Successful break above $2.55 indicates initial upside of $2.90 to $3

KEPPEL CORP ($7.16) - Testing top of base

- Prices appear poised to sustain a break above 50 day moving average

- Successful break above $7.25 would indicate target of $8.10

- This indicates potential and is not immediate upside

EZION HOLDINGS (70 cents) - Challenges 50 day moving average

- Counter has lagged recovery of the big caps

- Prices have managed to test the 50 day moving average at 71 cents

- An eventual break above this level would indicate an upside of 88 cents

- Indicators suggest that decline is over and slow recovery is starting

NEPTUNE ORIENT LINES ($1.04) - Poised for a further breakout

- One of the strongest counter in its sector

- Indicators suggest that an uptrend is underway

- Break above $1 provides impetus for prices to test $1.17

- Breakout indicates a target of $1.25

- Support is at 96 cents

WILMAR INTERNATIONAL ($2.82) - Facing resistance

- Directional indicators are turning positive

- Quarterly momentum has no clear trend although short term direction is upwards

- Prices are likely to meet resistance at $3

- Support is at $2.45 to $2.50

(Source: TheEdgeSingapore October 12 2015)

Banks pummelled, non-bank stocks recover

DBS GROUP HOLDINGS ($16.27) - Rebounds off oversold low

-  Quarterly momentum is still on a downtrend

-  Temporary rebound is underway

-  Likelihood that prices have bottomed is low

- Minor support has been established at $16.08

OVERSEA-CHINESE BANKING CORP ($8.80) - Rebounds off August low

- Prices rebounded off twice tested $8.70 level

-  Selling pressure has not completely dried up and prices could break below $8.70

- Resistance for rebound appears at $9.10 to $9.11

UNITED OVERSEAS BANK ($18.60) - Rebounds off oversold low

- Current rebound is likely to meet with resistance at $19.50

- If prices are able to rally towards $19.50, quarterly momentum will be able to display a positive divergence with price

GOLDEN AGRI-RESOURCES (33.5 cents) - Gains strength

- Prices appear to have moved about 4 times tested resistance at 31.8 cents

- Indicators suggest that prices should also be able to strengthen

- Resistance appears at 36 cents

- Support is at breakout level of 35.2 cents

FRASER AND NEAVE ($2.15) - Moves above 50 day moving average

- Counter has moved above 50 day moving average

- Has formed a chart pattern that could turn out to be a reverse head and shoulder pattern

-  Neckline is at $2.10 and break above $2.10 indicates target of $2.42

CAPITALAND COMMERCIAL TRUST ($1.32) - Starts to stabilise

- Prices are challenging 50 day moving average

- Quarterly momentum may have bottomed

- If prices hold at $1.30 in next three sessions, they should be able to move above 50 day moving average for test of $1.44

(Source:  TheEdgeSingapore October 5 2015)

Selected quality stocks appear to have bottomed

SEMBCORP INDUSTRIES ($3.53) - Gains relative strength despite retreat

- Quarterly momentum has broken out and turned up

- Break above $3.60 would indicate a target of $4.10

- If prices hold above $3.48 they will probably break above $3.60 resistance

SEMBCORP MARINE ($2.30) - Short term weakness likely

- Quarterly momentum continues to look lethargic

- Bias for prices is on the downside

- Twice tested support at $2.28 may be breached

- Next support appears at $2.10 to $2.15 range

SINGAPORE AIRLINES ($10.81) - Moves above 50 day moving average

- In short term prices may fluctuate between $10.41 and $10.81

- Counter has been gaining strength

- Prices are attempting to challenge 100 day moving average

- Prices have probably seen the low for the cycle and the year

NEPTUNE ORIENT LINES (96.5 cents) - Challenges 100 day moving average

- Prices are challenging the confluence of 100 and 200 day moving averages

- Volume too is expanding on white candle days

- Prices may attempt a breakout with resistance at $1.17

- Support is at 86 cents

KEPPEL CORP ($6.89) - Could stay range-bound

- Resistance is at $7.09

- Quarterly momentum is faltering

- Immediate support appears at $6.65

- Prices are likely to stay range-bound

SMRT CORP ($1.295) - Starts to stabilise

- Prices may have seen their low for the down wave

- Prices are attempting to break above 50 day moving average

- If prices hold at $1.26, they should be able to test high of $1.37

(Source:  TheEdgeSingapore September 28 2015)

Mid-cap stocks appear to have bottomed

GENTING SINGAPORE (77 cents) - Attempting recovery

- Breakout should materialise

- Upmoves suggest that prices should be able to break above neckline with upside objective of around 87 cents

- Immediate support is at 74.5 cents

EZION HOLDINGS (69.5 cents) - Building a base

- Prices appear to have bottomed at 54 cents

- Resistance cum breakout is at 74 cents

- In event of breakout, upside target of 94 cents is indicated

- Immediate support is at 67.5 cents

HYFLUX (70.5 cents) - Tentative recovery takes hold

- Long neglected water counter is attracting buying interest

- Volume has been expanding on white candle days suggesting genuine buying demand

- Resistance appears initially at declining 50 day moving average

SIA ENGINEERING ($3.70) - Breaks out of base

- Prices have risen above the 50 day moving average

- Breakout of neckline of reverse head and shoulders formation indicates target of $3.87

- Support should be raised to $3.61

CREATIVE TECHNOLOGY ($1.02) - Downtrend still in force

- Stock managed to rebound sharply on Sept 17

- Volume is very low on the upmove, suggesting it is unlikely to be sustained

- Resistance is at declining 50 day moving average

- Support has been established at 88 cents and downtrend is unlikely to be reversed

VENTURE CORP ($8.22) - Temporary retreat

- Counter is in a different cycle compared with rest of the market

- Quarterly momentum has turned down

- Previous breakout indicates target of $8.55

- Support is at $8.10 and needs to hold for uptrend to remain intact

(Source:  TheEdgeSingapore September 21 2015)

Selling abates as property counters attempt to trough

CAPITALAND ($2.86) - Positive divergence

- Resistance appears at $2.98 to $3.00 range

- Selling pressure has abated sharply in the past five trading sessions

- Overall trend is probably downwards but break above $3.00 could change the trend

- Support is at $2.72

GUOCOLAND ($1.915) - Breaks below 200 day moving average

- Quarterly momentum are drifting lower

- Support appears at $1.77

- Downside would be invalidated if prices are able to regain $1.95

GLOBAL LOGISTIC PROPERTIES ($2.08) - Facing resistance

- Prices are near resistance level

- Support is at $1.95

- In the absence of clear positive indicators prices are likely to move within $1.95 to $2.08 range

CITY DEVELOPMENTS ($8.45) - Temporary rebound underway

- Positive divergences have developed

- Directional movement has peaked and should start to ease

- Suggests that current rebound is likely to be an upmove within a downtrend

- Support is at $8.37

HO BEE LAND ($1.945) - Likely to hover at lows

- Signs that quarterly momentum is weak

- Weakness could persist

- Prices have formed a sideway congestion area with resistance at $2.00

UOL GROUP ($6.18) - Could lose strength against sector

- Indicators are mixed

- Quarterly momentum has turned up temporarily but trend remains down

- Resistance appears at $6.35 and support has been established at $6.00

(Source:  TheEdgeSingapore September 14 2015)

Commodity counters gain strength

SEMBCORP MARINE ($2.37) - May test 50 day moving average

- Prices may attempt a further rebound but unlikely to move above $2.56 in near term

- Quarterly momentum remains within its downtrend

- Closing low of $2.18 is likely to hold

EZRA HOLDINGS (13.2 cents) - May gain strength

- Prices are likely to face resistance

- Counter has the ability to break above 13.9 cents

- In this event, upside is at 19 cents

EZION HOLDINGS (70.5 cents) - Covers exhaustion gap

- Counter may have made an important low

- Quarterly momentum is recovering

- If it is able to break above its own moving average in next three sessions, would trigger a price break above 74 cents

OLAM INTERNATIONAL ($2.03) - Breaks above resistance

- Prices were able to break above resistance

- Price break above $1.9 indicates target of $2.20

NOBLE GROUP (53.5 cents) - Starts sideway range

- Downtrend of the past 18 months could have found an intermediate low

- Resistance is at 59.6 cents

- If quarterly momentum breaks out in next three sessions, it would trigger a price break above 59.6 cents

- Support is at 41 cents

WILMAR INTERNATIONAL ($2.75) - Weak relative strength

- Counter has the weakest relative strength among commodity stocks

- Selling pressure appears to have abated and may provide opportunity for prices to rebound

- Resistance is at $2.85

(Source:  TheEdgeSingapore September 7 2015)

No let-up in decline for commodity counters

NOBLE GROUP (43 cents) - Testing support-breakdown level

-  Prices are hovering around end July low

-  Volume has started to expand as price moves below 43.5 cents

-  Breakdown will provide objective of 26.5 cents

GOLDEN AGRI-RESOURCES (30.5 cents) - Hovering around minor support

-  No clear signs that downtrend is at an end

-  If prices are able to hold at 30 cents, they may attempt to bounce towards 34 cents

-  Quarterly momentum suggests a breakdown is likely eventually with downside at 25 cents

OLAM INTERNATIONAL ($1.77) - Gains relative strength

-  Counter has gained tremendous relative strength against its sector

-  Counter remains entrenched beneath its 50 day moving average at $1.83

-  Support appears at $1.44 level

WILMAR INTERNATIONAL ($3.01) - Downtrend to persist

-  Prices are at a five year low

-  Psychological $3 level may provide momentary support

-  Break below $3 indicates a measuring objective of $2.68

EZION HOLDINGS (55 cents) - Indicators at new ultra-low

-  Selling remains heavy

-  For a rebound, volume needs to lighten up on black candle days

- Build up of oversold pressures shuld trigger an attempt at a rebound shortly

-  Resistance appears at 78 cents

KEPPEL CORP ($6.96) - Breaks below minor support

- Counter has broken twice tested support at $7.34 indicating an objective of $6.70

-  There are signs that selling is abating

(Source:  TheEdgeSingapore, August 24 2015)

Blue chips rebound, triggered by oversold pressures

OVERSEA-CHINESE BANKING CORP ($9.68) - Bounces off one year low

- On Aug 13, prices rebounded off a one year low

- Resistance appears at $9.83

- Price broke support at $10 indicating target of $9

- Quarterly momentum shows no sign of bottoming

UNITED OVERSEAS BANK ($20.35) - Rebounds off new three year low

- Temporary rebound is underway

- Resistance appears at $20.80

- Eventually after the rebound prices may resume their decline

- Support at $18.50

STARHUB ($3.75) - Could break below one year low

- Prices are retesting their two year low

- If prices break below $3.70 it indicates an objective of $3.45

- Prices could break down for another downwave

DBS GROUP HOLDINGS ($19.02) - Short term rebound off oversold low

- Counter has retained its superior relative strength

- Rebound is unlikely to get much beyond the 200 day moving average

- Quarterly momentum suggests that decline has yet to run its course

- Eventual downside could be at $17.76

SINGAPORE TELECOMMUNICATIONS ($3.98) - Breaks moving average

- Counter has greater relative strength than its sector

- ADX indicates rising probability of a further downmove

- One year low at $3.55 should provide support for this wave

M1 ($3.03) - Rebounds off excessively oversold low

- Temporary bounce is underway

- Resistance appears at $3.20

- Break below support indicates objective of $2.50

- Prices could trend broadly lower before starting to form a base

(Source:  TheEdgeSingapore August 17 2015)

Strong oversold pressures build in blue-chips

KEPPEL CORP ($7.62) - Rebounds off oversold low

- Excessive oversold pressure should trigger a temporary rebound

- Resistance appears at $7.80

- Support is at $7.36

- An earlier break below $8 indicates a target of $7

SEMBCORP INDUSTRIES ($3.76) - Rebounds off oversold low

- Prices staged a strong 30 cent rebound on Aug 5

- Rebound appears to b temporary

- Resistance is at $3.85

- Support is at $3.36

GREAT EASTERN HOLDINGS ($22.50) - Temporary bounce off new low

- Short-term indicators are at the low end of their range

- Temporary rebound should materialise soon

- Resistance is at $23.50

- Earlier break below $24 indicated an initial target of $22

SEMBCORP MARINE ($2.69) - Rebounds off five year low

- Short- term oversold pressures have built up

- Resistance appears at $2.70 to $2.75

- Prices are likely to resume their downtrend after the rebound

GLOBAL LOGISTIC PROPERTIES ($2.36) - May gain strength

- Counter surprised the market be falling rapidly

- Prices have since rebounded

- Prices fell below support at $2.42 indicating target of $2.20

UNITED OVERSEAS BANK ($21.57) - Short-term excessively oversold

- Both short and medium term indicators are at one year lows

- Prices should stage a temporary rebound

- Immediate resistance is at $22.35

- Support is at $21.49

(Source:  TheEdgeSingapore August 10 2015)

Short-term fillip for oversold offshore plays

VALLIANZ HOLDINGS (6.2 CENTS) - Superior relative strength

- Counter gained strength against the sector

- Prices rallied and moved above confluence of 50 and 100 day moving averages

- Technical indicators suggest that prices are likely to firm towards 6.8 cents

COSCO HOLDINGS (39 CENTS) - My bounce off 10 year low

- Prices have been making new 10 year lows

- In July prices broke below the 44 to 45 cent range.  This break indicates a move towards 36 cents

- Any rebound will be temporary with resistance at 45 cents

EZION HOLDINGS (91.5 CENTS) - Rebounds off oversold low

- Temporary rebound is underway

- Current rebound is likely to meet resistance at $1.02

- Spread between 200 day moving average and price widened to 0.35 recently

PACIFIC RADIANCE (43 CENTS) - Temporary bounce off new low

- Directional movement has turned down from nigh high of around 60

- Rebound is likely to meet resistance at 51 cents

- Prices are down 46% since start of the year

- No sign that downtrend is near its low point

PACC OFFSHORE SERVICES HOLDINGS (34.5 CENTS) - Downtrend to persist

- Short term oversold pressures should trigger temporary rebound

- Break below 45 cents indicates target of 33 cents

- Downtrend may not end and prices may move below this level

YANGZIJIANG SHIPBUILDING ($1.28) - Poised to break below support

- Prices appear poised to break below 200 day moving average

- Upcoming downtrend will be punctuated by rallies

- Eventually prices should fall to the $1 level

(Source:  TheEdgeSingapore August 3 2015)

Oversold office REITs find short-term floor

KEPPEL REIT ($1.15) - Decline encounters support

- Initial downside of $1.09 has almost been attained

- Quarterly momentum is turning up from an oversold low

- Prices are likely to stage a temporary rebound towards $1.19

CAPITALAND COMMERCIAL TRUT ($1.47) - Short-term oversold

- Worst of the decline could be over

- Break below $1.555 indicated target of $1.43

- Initial rebound when it materialises needs to get above $1.555 if any strength is to return

OUE COMMERCIAL REIT (70.5 cents) - Establishes lower trading range

- No clear trend for this counter

- Counter was listed at 80 cents

- Recovery is unlikely in the near term

FRASERS COMMERCIAL TRUST ($1.535) - Upclimb could be completed

- Counter has gained relative strength against its peers

- Quarterly momentum has formed a series of negative divergences

- Technical indicators suggest that largest gains are over

MAPLETREE COMMERICAL TRUST ($1.44) - Short-term weakness

- Prices may be under some short-term selling pressure

- Prices have just broken below minor support at $1.45

- Break above $1.45 in the next two sessions would invalidate decline towards $1.37

SUNTEC REIT ($1.715) - Could move into a range

- Directional movement has peaked and turned down

- Downside of $1.61 has been indicated when prices broke below $1.725

- Immediate resistance is at $1.76

- Prices could retreat to retest $1.68 in order to establish the bottom of a base

(Source:  TheEdgeSingapore July 27 2015)

Oversold S-chips fail to rebound

COSCO CORP (45.5 cents) - Selling pressure abates

- Prices have broken twice tested support at 47.5 cents

- Price breakdown indicates target of 32 cents

- Rebound is likely to be a temporary reaction to short term oversold pressures with resistance at 47.5 cents

MIDAS HOLDINGS (30 cents) - Weakening relative strength

- Break below 32 cents indicates downside of 23 cents

- There could be temporary rebound in the next two sessions as short term oversold pressures build up

- Resistance appears at 32 to 32.5 cents

UNITED ENVIROTECH ($1.645) - Poised for a breakdown

- Prices need to hold on to the 200 day moving average

- Indicators suggest weakness

- Decline is likely to resume shortly

- Break below $1.60 indicates a target of $1.40

SICC ENVIRONMENT (17.3 cents) - Temporary rebound in downtrend

- Short term oversold pressures have triggered a rebound

- Overall a downtrend has been established

- Downside is at 14.4 cents level

- A sustained recovery will only materialise once counter has formed a base

CHINA MINZHONG FOOD CORP (84.5 cents) - Selling pressure persists

- Declining trend is very evident

- Support is at 80 cents and break below this level indicates target of 55 to 56 cents

YANGZIJIANG SHIPBUILDING ($1.325) - Breaks support

- Prices recently broke below support at $1.39

- Indicators suggest that counter has started to form a downtrend

- Initial support is at $1.25 to $1.26

- Eventual downside could be below $1.10

(Source:  TheEdgeSingapore July 13 2015)

Blue chips attempt to stabilise

M1 ($3.24) – A positive divergence develops
- Potential double bottom
- Prices managed to hold at $3.19 to $3.20
- Rebound finds resistance at $3.33


STARHUB ($3.92) – Climactic selling over
- Selloff to new 18 month low caused divergence between price and 21 day RSI
- Prices may settle into a narrow range
- Breakdown level at $4 now serves as resistance level

SINGAPORE TELECOMMUNICATIONS ($4.24) – Gains relative strength
- Prices are forming some sort of base as they retreated from $4.30
- Prices may stay within a narrow range
- Support is at 200 day moving average currently at $4.06

NEPTUNE ORIENT LINES (85 cents) – Temporary rebound in downtrend
- Prices are attempting to establish support at 82 to 84 cents
- Directional movement indicators indicate that the worst decline from $1.20 to 80 cents is over
- Immediate resistance is at 93 cents

SINGAPORE AIRLINES ($10.95) – Attempting to bottom
- Sharp up move on July 2 takes price towards 200 day moving average
- Recovery is probably temporary
- Overall, immediate downtrend has halted
- Support is raised to $10.85


NOBLE GROUP (74.5 cents) – Facing short-term resistance
- This counter has found some sort of support at 64 cents
- Prices are attempting to challenge and move above 50 day moving average
- In short term, prices are likely to retreat
- If 64 cents during retreat phase, it would confirm start of base formation

(Source:  TheEdgeSingapore July 6 2015)

Blue chips could approach supports soon

SINGAPORE AIRLINES ($10.84) - Short-term oversold
- Counter has broken 200 day moving average
- In the short term, technical indicators may limit the decline to around $10.80
- Any rebound is likely to meet with resistance at $11.02

SIA ENGINEERING ($3.89) - Increasingly oversold
- Prices are at one year low
- Any rebound is likely to be limited to $4.05
- Quarterly momentum is falling in negative territory

SATS ($3.43) - Set for pause
- Has the greatest strength among the blue chips
- Uptrend remains intact despite weakening market
- Prices are set to pause to consolidate their gains before going further
- Support is at $3.34

ST ENGINEERING ($3.35) - Breaks support
- Counter has broken support at $3.43
- Volume expanded on the breakdown indicating some selling pressures
- Support is at $3.10
- Resistance appears at $3.43

GENTING SINGAPORE (91 cents) - Establishes support
- Prices are attempting to establish support at 91 cents
- Short term stohastics is at the bottom of its range
- Resistance is likely to appear at the 95 to 96 cent range
- Downtrend has yet to end

NOBLE GROUP (69.5 cents) - Accelerated decline
- Counter appears distressed
- Prices are in accelerated decline
- During global financial crisis in late 2008, counter closed at a low of 30.4 cents

(Source:  TheEdgeSingapore June 8 2015)

Telcos oversold, S-chips overstretched

M1 ($3.20) - Short=term oversold
- Persistent decline has taken prices to new one-year low
- Quarterly momentum is at new two year low
- Congestion area at $3.13 to $3.19 should provide support
- A rebound should materialise shortly
- Resistance is at $3.35 ad $3.45

STARHUB ($4) - Excessively oversold
- Short term indicators are at the bottom of their range
- Prices are now at four times tested support area
- Rebound should materialise with resistance at $4.16 to $4.20
- Break below $4 would indicate a downside target

SINGAPORE TELECOMMUNICATIONS ($4.12) - Support/breakdown at hand
- Quarterly momentum has fallen below its equilibrium line
- Volume is expanding on black candle days suggesting that selling pressure has set in
- Support appears at $3.90 to $4 range
- Swift move above $4.16 would invalidate the breakdown

YUUZOO CORP (33.5 cents) - Challenging resistance
- Prices are currently testing resistance level
- Technically prices are still in a downtrend
- 50 day moving average has turned up and there is an early indication of strength
- Successful break above 34 cents indicates objective of 46 to 48 cents

CHINA NEW TOWN (9.7 cents) - Short-term overbought
- Prices appear to be somewhat overextended in the short term
- In the near term, consolidation is likely to alleviate overbought pressures
- The three year high is at 13.6 cents and all time high is at 18.5 cents

DUKANG DISTILLERS HOLDINGS (18.1 cents) - Breaks out of downtrend
- Prices are approaching a major resistance level which coincides with a one year high of 20.5 cents
- Support appears at breakout level of 15 cents
- Prices are currently less than half of the 38 cents level that they were at two years ago

(Source:  TheEdgeSingapore June 1 2015)

Market laggards in base formation

COSCO CORP (61 cents) - Short-term overbought
- Prices have run ahead of themselves
- New support is at 57 to 58 cents
- Initial resistance is at 64 cents
- Break above this level indicates an upside of 80.5 cents

PACC OFFSHORE SERVICES HOLDING (49.5 cents) - Facing resistance
- Prices are challenging the 100 day moving average
- Technical suggests that downtrend has not been reversed
- Successful break would indicate an initial upside of 63 cents
- Support is at 46 cents

SEMBCORP MARINE ($2.96) - Temporary failure
- Technically prices broke below support at $2.99
- Overall uptrend of both quarterly momentum and 21 day RSI have not been breached
- The intermediate high is at $3.10 and the main resistance appears at $3.30

LAFE (3.9 cents) - Temporary retreat underway
- The long downtrend could be near an end
- In recent weeks, the counter's chart pattern started to crystallise
- Support should be raised to 3.7 cents
- Resistance/breakout is now at 4.9 cents

PACIFIC RADIANCE (70.5 cents) - Attempts breakout
- Prices are attempting to challenge the 100 day moving average
- Quarterly momentum has been unable to move above its equilibrium line
- Support is at 68 cents
- A successful price breakout indicates an initial target of 80 cents

TRIYARDS (51 cents) - In resistance area
- Prices have broken resistance area at 49 to 50 cent level
- Price support is at 49 cents
- Main resistance/breakout level is at 57 cents

(Source:  TheEdgeSingapore May 4 2015)

Diversified property plays continue advance

GLOBAL LOGISTIC PROPERTIES ($2.74) - Breaks out
- Chart is clearly bullish
- Prices have broken out indicating target of $3
- Quarterly momentum is strong
- Support appears at $2.69

GUOCOLAND ($1.90) - Set to move above 200 day moving average
- Prices are likely to gain strength
- Breakout would point to upmove towards $2.15
- Support is at $1.85

FRASERS CENTREPOINT ($1.88) - Upmove continues
- Counter still has some upside left
- Directional indicators are largely positively placed
- Support should be raised to minor breakout level of $1.79

CAPITALAND ($3.67) - Attempts breakout
- Prices appear poised to break above $3.68
- Successful break indicates target of $4
- Support has been established at $3.60

UOL GROUP ($7.68) - In a resistance area
- Prices have managed to move above minor resistance at $7.85
- Prices have impetus to move higher
- Resistance is at $8.10
- Initial support is at $7.85

CITY DEVELOPMENTS ($10.50) - Rebounds off support
- Prices appear poised to rebound off 50 day moving average
- Immediate resistance is at $10.85
- If prices move above $10.85 a vertical measuring objective of $11.35 is indicated

(Source:  TheEdgeSingapore April 27 2015)

Offshore, commodity stocks bottoming

COSCO CORP (58 cents) - Breaks above downtrend
- Prices are attempting to break six month downtrend
- Quarterly momentum is approaching resistance level
- Support is at 55 cents

GOLDEN AGRI-RESOURCES (44 cents) - Attempting to strengthen
- Prices are attempting to clear resistance at 42-43 cents level
- Directional movement indicators are indicating a potential uptrend
- If successful break above 43 cents materialises, upside of 52 cents is indicated
- Support is at 42 cents

SEMBCORP MARINE ($3.13) - Signs of latent strength
- Volume expanded on white candle days indicating some buying demand
- Prices have also managed to move above 100 day moving average
- Should have momentum to test $3.30

PACIFIC RADIANCE (74 cents) - Challenging resistance
- Prices are attempting to challenge 100 day moving average
- Volume has expanded significantly as prices crept higher
- Successful breakout indicates initial target of 80 cents
- Support is at 68 cents

INDOFODD AGRI (76 cents) - Pattern indicates strength
- Quarterly momentum weakened
- Prices are now at the neckline of a possible base formation
- Break above 73 cents would be positive
- ADX has turned up and DIs are positively placed
- Initial upside is at 83 cents

AUSGROUP (24.5 cents) - Attempting base formation
- Prices are attempting to end the downtrend
- Short term indicators have broken out
- If prices are able to clear 24.5 cents convincingly an upside target of 32 cents is indicated
- Support is at 50 day moving average

(Source:  TheEdgeSingapore April 20, 2015)

Environmental plays attract interest

DARCO WATER TECHNOLOGIES (2.7 cents) - Testing top of base
- Prices have moved above 50 day moving average
- Quarterly momentum has turned up
- Current price moves are likely to be part of a broader base
- Successful break above 2.9 cents would indicate target of 4.1 cents

MEMTECH INT'L(11.9 cents) - Temporary retreat after making new high
- Prices have broken above initial resistance at 10.4 cents
- Break above 10.4 cents indicates target of 12.5 cents
- In short term, temporary retreat could materialise
- Support is at 11.5 cents

HYFLUX (91 cents) - Could challenge resistance
- Quarterly momentum has broken out of its equilibrium line
- Breakout level is at 95 cents
- Volume has dwindled suggesting that breakout is of low probability
- Successful breakout would complete the base and reverse the year long downtrend

LEADER ENVIRONMENTAL TECHNOLOGIES (6.4 cents) - Builds a base
- Support is at 5 cents and is likely to hold
- Resistance appears at 6.2 to 6.3 cents
- Quarterly momentum has not broken out of its own resistance yet

SIIC ENVIRONMENT HOLDINGS (17.2 cents) - Clears resistance
- Temporary consolidation could materialise
- Next resistance is at 18 cents
- Any retreat should be shallow with support at 16.5 cents

CHINA EVERBRIGHT WATER (93.5 cents) - Support holds
- Prices managed to regain its 200 day moving average
- Quarterly momentum has rebounded and is challenging resistancee
- Resistance/breakout is at 94 cents
- In event of breakout, next resistance is at $1.08

(Source:  TheEdgeSingapore April 6, 2015)

Commodity related stocks break down

NOBLE GROUP (85 cents) - Short term rebound

- Price broke 95 cents indicating target of 75 cents

- Quarterly momentum is now at five times tested level

- Breakdown level of 95 cents is a resistance and prices may go below 75 cents

WILMAR INTERNTIONAL ($3.23) - Rebounds off support

- Prices are attempting to rebound at $3.20 to $3.21range

- Resistance appears at $3.35

- Strong uptrend is unlikely to develop in the near term

VARD HOLDINGS (40.5 cents) - New one year low

- Prices have broken below support of 48.5 cents indicating target of 30 cents

- 50 and 100 day moving averages are likely to draw apart in a negative signal

- Resistance is at 48.5 cents

EZION HOLDINGS (94 cents) - Breaks below support

- Prices have just broken below the December low

- Breakdown indicates a target of 81 cents

- Move above $1.04 would invalidate the downside target

GENTING SINGAPORE (93.5 cents) - Poised for breakdown

- Breakdown indicates an initial target of 81 cents

- Quarterly momentum is likely to approach its October low

- Any rebound is  likely to be temporary with resistance at 95 cents

NAM CHEONG (30 cents) - Could break down

- Prices are testing one year low at 30 cents

- Volume is relatively low and any sign of an increase would suggest selling pressure

- Resistance is at 31 cents

- Break below 30 cents indicate downside of 25 cents

(Source:  TheEdgeSingapore March 23, 2015)

Water stocks and environment plays mixed

LEADER ENVIRONMENTAL TECHNOLOGIES (5.3 cents) - Set for a decline

 - Managed to rebound off a six month low

- Prices are set to fall to at least 5 cents

-Resistance is at 6.2 cents

MEMTECH INTERNATONAL (11.4 cents) - Should rally

- Prices could be attempting to form  a bull flag

- Break above 10.8 cents indicates an immediate upside of 12.5 cents

- Move below 10.8 cents would invalidate the bull flag

DARCO WATER TECHNOLOGIES (2.9 cents) - Attempting recovery

- Quarterly momentum has turned up from oversold levels

- Genuine buying has started with white candle days accompanied by volume expansion

- Successful break above 2.9 cents would indicate a target of 4.1 cents

RENEWABLE ENERGY ASIA GROUP (2 cents) - Confirms further decline

- Chart pattern is extremely negative

- Support has been established at 1.6cents

- Break below this level completes a bear flag

CHINA EVERBRIGHT WATER (93 cents) - Poised for breakdown

- Prices appear to break below support at 93 cents

- Prices are set to continue lower

- Breakdown would indicate target of around 70 cents

- Probability of rebound is low

SIIC ENVIRONMENT HOLDINGS (14.5 cents) - Challenging resistance

- Prices are approaching the top formation at 14 cents

- There is a good chance that the counter will attempt a breakout

- Target is at 17 cents

(Source:  TheEdgeSingapore March 16 2015)

No rerating trigger for property stocks

KEPPEL LAND ($3.49) - Gains relative strength
- Quarterly momentum is rising
- 50 and 100 day moving averages have just formed a positive cross
- Resistance is at $3.48
- Breakout indicates target of $3.65

CAPITALAND ($3.26) - Support at hand
- Chart pattern has weakened
- Prices are testing confluence of 100 and 200 day moving averages
- Resistance appears at $3.34
- Successful breakout is unlikely

CITY DEVELOPMENTS ($10.05) - Could rebound
- Prices are consolidating their recent gains
- Prices should attempt a rebound soon
- Resistance appears at $10.35 level

UOL GROUP ($6.75) - Temporary retreat
- Prices have moved marginally below 50 day moving averages
- 100 and 200 day moving averages have converged in a positive signal
- Prices may retest their high

WING TAI HOLDINGS ($1.665) - Forming base
- Prices are attempting to build a reverse head and shoulders formation
- Support is at $1.66
- Resistance is at $1.72

FRASERS CENTREPOINT ($1.665) - Sideways range
- Tight sideways range is likely to persist
- Support is established at $1.65
- Resistance appears at $1.70
- Probability of breakout appears relatively low at present

(Source:  TheEdgeSingapore January 19 2015)