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)