Market laggards in base formation

COSCO CORP (61 cents) - Short-term overbought
- Prices have run ahead of themselves
- New support is at 57 to 58 cents
- Initial resistance is at 64 cents
- Break above this level indicates an upside of 80.5 cents

PACC OFFSHORE SERVICES HOLDING (49.5 cents) - Facing resistance
- Prices are challenging the 100 day moving average
- Technical suggests that downtrend has not been reversed
- Successful break would indicate an initial upside of 63 cents
- Support is at 46 cents

SEMBCORP MARINE ($2.96) - Temporary failure
- Technically prices broke below support at $2.99
- Overall uptrend of both quarterly momentum and 21 day RSI have not been breached
- The intermediate high is at $3.10 and the main resistance appears at $3.30

LAFE (3.9 cents) - Temporary retreat underway
- The long downtrend could be near an end
- In recent weeks, the counter's chart pattern started to crystallise
- Support should be raised to 3.7 cents
- Resistance/breakout is now at 4.9 cents

PACIFIC RADIANCE (70.5 cents) - Attempts breakout
- Prices are attempting to challenge the 100 day moving average
- Quarterly momentum has been unable to move above its equilibrium line
- Support is at 68 cents
- A successful price breakout indicates an initial target of 80 cents

TRIYARDS (51 cents) - In resistance area
- Prices have broken resistance area at 49 to 50 cent level
- Price support is at 49 cents
- Main resistance/breakout level is at 57 cents

(Source:  TheEdgeSingapore May 4 2015)