- 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)
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