Selected quality stocks appear to have bottomed

SEMBCORP INDUSTRIES ($3.53) - Gains relative strength despite retreat

- Quarterly momentum has broken out and turned up

- Break above $3.60 would indicate a target of $4.10

- If prices hold above $3.48 they will probably break above $3.60 resistance

SEMBCORP MARINE ($2.30) - Short term weakness likely

- Quarterly momentum continues to look lethargic

- Bias for prices is on the downside

- Twice tested support at $2.28 may be breached

- Next support appears at $2.10 to $2.15 range

SINGAPORE AIRLINES ($10.81) - Moves above 50 day moving average

- In short term prices may fluctuate between $10.41 and $10.81

- Counter has been gaining strength

- Prices are attempting to challenge 100 day moving average

- Prices have probably seen the low for the cycle and the year

NEPTUNE ORIENT LINES (96.5 cents) - Challenges 100 day moving average

- Prices are challenging the confluence of 100 and 200 day moving averages

- Volume too is expanding on white candle days

- Prices may attempt a breakout with resistance at $1.17

- Support is at 86 cents

KEPPEL CORP ($6.89) - Could stay range-bound

- Resistance is at $7.09

- Quarterly momentum is faltering

- Immediate support appears at $6.65

- Prices are likely to stay range-bound

SMRT CORP ($1.295) - Starts to stabilise

- Prices may have seen their low for the down wave

- Prices are attempting to break above 50 day moving average

- If prices hold at $1.26, they should be able to test high of $1.37

(Source:  TheEdgeSingapore September 28 2015)

Mid-cap stocks appear to have bottomed

GENTING SINGAPORE (77 cents) - Attempting recovery

- Breakout should materialise

- Upmoves suggest that prices should be able to break above neckline with upside objective of around 87 cents

- Immediate support is at 74.5 cents

EZION HOLDINGS (69.5 cents) - Building a base

- Prices appear to have bottomed at 54 cents

- Resistance cum breakout is at 74 cents

- In event of breakout, upside target of 94 cents is indicated

- Immediate support is at 67.5 cents

HYFLUX (70.5 cents) - Tentative recovery takes hold

- Long neglected water counter is attracting buying interest

- Volume has been expanding on white candle days suggesting genuine buying demand

- Resistance appears initially at declining 50 day moving average

SIA ENGINEERING ($3.70) - Breaks out of base

- Prices have risen above the 50 day moving average

- Breakout of neckline of reverse head and shoulders formation indicates target of $3.87

- Support should be raised to $3.61

CREATIVE TECHNOLOGY ($1.02) - Downtrend still in force

- Stock managed to rebound sharply on Sept 17

- Volume is very low on the upmove, suggesting it is unlikely to be sustained

- Resistance is at declining 50 day moving average

- Support has been established at 88 cents and downtrend is unlikely to be reversed

VENTURE CORP ($8.22) - Temporary retreat

- Counter is in a different cycle compared with rest of the market

- Quarterly momentum has turned down

- Previous breakout indicates target of $8.55

- Support is at $8.10 and needs to hold for uptrend to remain intact

(Source:  TheEdgeSingapore September 21 2015)

Selling abates as property counters attempt to trough

CAPITALAND ($2.86) - Positive divergence

- Resistance appears at $2.98 to $3.00 range

- Selling pressure has abated sharply in the past five trading sessions

- Overall trend is probably downwards but break above $3.00 could change the trend

- Support is at $2.72

GUOCOLAND ($1.915) - Breaks below 200 day moving average

- Quarterly momentum are drifting lower

- Support appears at $1.77

- Downside would be invalidated if prices are able to regain $1.95

GLOBAL LOGISTIC PROPERTIES ($2.08) - Facing resistance

- Prices are near resistance level

- Support is at $1.95

- In the absence of clear positive indicators prices are likely to move within $1.95 to $2.08 range

CITY DEVELOPMENTS ($8.45) - Temporary rebound underway

- Positive divergences have developed

- Directional movement has peaked and should start to ease

- Suggests that current rebound is likely to be an upmove within a downtrend

- Support is at $8.37

HO BEE LAND ($1.945) - Likely to hover at lows

- Signs that quarterly momentum is weak

- Weakness could persist

- Prices have formed a sideway congestion area with resistance at $2.00

UOL GROUP ($6.18) - Could lose strength against sector

- Indicators are mixed

- Quarterly momentum has turned up temporarily but trend remains down

- Resistance appears at $6.35 and support has been established at $6.00

(Source:  TheEdgeSingapore September 14 2015)

Commodity counters gain strength

SEMBCORP MARINE ($2.37) - May test 50 day moving average

- Prices may attempt a further rebound but unlikely to move above $2.56 in near term

- Quarterly momentum remains within its downtrend

- Closing low of $2.18 is likely to hold

EZRA HOLDINGS (13.2 cents) - May gain strength

- Prices are likely to face resistance

- Counter has the ability to break above 13.9 cents

- In this event, upside is at 19 cents

EZION HOLDINGS (70.5 cents) - Covers exhaustion gap

- Counter may have made an important low

- Quarterly momentum is recovering

- If it is able to break above its own moving average in next three sessions, would trigger a price break above 74 cents

OLAM INTERNATIONAL ($2.03) - Breaks above resistance

- Prices were able to break above resistance

- Price break above $1.9 indicates target of $2.20

NOBLE GROUP (53.5 cents) - Starts sideway range

- Downtrend of the past 18 months could have found an intermediate low

- Resistance is at 59.6 cents

- If quarterly momentum breaks out in next three sessions, it would trigger a price break above 59.6 cents

- Support is at 41 cents

WILMAR INTERNATIONAL ($2.75) - Weak relative strength

- Counter has the weakest relative strength among commodity stocks

- Selling pressure appears to have abated and may provide opportunity for prices to rebound

- Resistance is at $2.85

(Source:  TheEdgeSingapore September 7 2015)