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)