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)