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)