- 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)
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