- Counter has broken 200 day moving average
- In the short term, technical indicators may limit the decline to around $10.80
- Any rebound is likely to meet with resistance at $11.02
SIA ENGINEERING ($3.89) - Increasingly oversold
- Prices are at one year low
- Any rebound is likely to be limited to $4.05
- Quarterly momentum is falling in negative territory
SATS ($3.43) - Set for pause
- Has the greatest strength among the blue chips
- Uptrend remains intact despite weakening market
- Prices are set to pause to consolidate their gains before going further
- Support is at $3.34
ST ENGINEERING ($3.35) - Breaks support
- Counter has broken support at $3.43
- Volume expanded on the breakdown indicating some selling pressures
- Support is at $3.10
- Resistance appears at $3.43
GENTING SINGAPORE (91 cents) - Establishes support
- Prices are attempting to establish support at 91 cents
- Short term stohastics is at the bottom of its range
- Resistance is likely to appear at the 95 to 96 cent range
- Downtrend has yet to end
NOBLE GROUP (69.5 cents) - Accelerated decline
- Counter appears distressed
- Prices are in accelerated decline
- During global financial crisis in late 2008, counter closed at a low of 30.4 cents
(Source: TheEdgeSingapore June 8 2015)
