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)