Speculative interest in penny stocks to abate

SPACKMAN ENTERTAINMENT (16.2 cents) - Short term overbought

- Quarterly momentum is overstretched

- Likely to have correction in near term where prices retrace to 12.2 cents area

MM2 ASIA (78.5 cents) - Largest gains over

- Largest gains are probably over as prices start to build a top

- Prices tested 50 days successfully

- 100 day moving average at 66.7 cents is the support of last resort

- Resistance is at 80 cents

NEPTUNE ORIENT LINES ($1.21) - Upside limited

- Prices have risen more than 56% from low of 77 cents

- Volume is confirming trend and upside of around $1.26 was indicated

- Support appears at $1.15

ALLIANCE MINERAL ASSETS (12.3 cents) - Breaks above 100 day moving average

- Prices just cleared 100 day moving average at 9.7 cents

- Volume surged on initial breakout so upmove should resume once consolidation is over

- Resistance is at 14 cents

- Support is at 9.7 cents

GOLDEN AGRI-RESOURCES (36.5 cents) - Should stay resilient

- Prices are testing support area at 35 cents

- Prices have maintain their uptrend following breakout of base formation in September

- Resistance is at 41 cents

- Support is at 35 cents

CORDLIFE GROUP ($1.345) - Breaks above resistance

- Prices broke resistance at $1.27 indicating target of $1.48 - $1.50

- Prices broke out on high volume suggesting upside is attainable

- Prices likely to rise to upside before any major correction

(Source:  TheEdgeSingapore November 30 2015)

Offshore stocks continue to sink

MARCO POLO MARINE (19.8 cents) - Poised for breakdown

- Prices are in process of breaking support at 19 cents

- Indicators suggest that prices are set to breakdown

- If breakdown occurs, initial downside of 14 cents is indicated

SEMBCORP MARINE ($2.19) - Poised to break support

- Prices are testing support area at $2.18 to $2.20

- Breakdown appears imminent

- If breakdown occurs, it would indicate target of $1.80

SEMCORP INDUSTRIES ($3.33) - Hovering at support

- Prices may break below support at $3.30

- Quarterly momentum appears poised to turn down

- The year's low provides support at $3

- Resistance is at $3.56

KEPPEL CORP ($6.76) - Approaching key support

- Prices are approaching support at $6.60

- Directional indicates suggest that prices are likely to trend progressively lower

- Break of support would indicate target of $5.80

- Resistance is at $7.02

YANGZIJIANG SHIPBUILDING ($1.11) - Further declines likely

- Chart looks like prices have come off a bear flag

- Target of $1 is indicated

TRIYARDS (42 cents) - Hovering around support

- Quarterly momentum has risen above equilibrium line

- Resistance is at 45.5 cents

- Unlikely that prices have sufficient impetus to rise above resistance

- When prices starts to ease, it is likely to retreat towards 37 cents

(Source:  TheEdgeSingapore November 23 2015)

Healthcare stocks attract momentary interest

INTERNATIONAL HEALTHWAY CORP (9.2 cents) - Trading below NAV

- Prices are still hovering at the low end of their range

- Short term stochastics appears to be turning up

- Book value as at Sep 30 is at 14.92 cents

- Immediate resistance is at 9.4 to 9.5 cents

- Support is at 8.8 cents

SINGAPORE O&G (69.5 cents) - Strengthens

- Counter has picked up strength

- Quarterly momentum is rising

- Resistance is at 79.5 cents

- If prices break resistance new upside of 90 cents is indicated

- For prices to retain strength, they need to hold above 100 day moving average

HEALTHWAY MEDICAL CORP (3.8 cents) - Entrenched beneath resistance

- Counter has lost relative strength

- Short term stochastics has turned up

- Prices could clear 50 day moving average to test 4.7 cents if quarterly momentum can rebound

- Support appears at 3.4 cents

ISEC HEALTHCARE (29 cents) - Short term sideways

- Prices are challenging still declining 100 day moving average

- Quarterly momentum has recovered after bottoming out

- Prices may attempt to break above 29 cents

- Successful breakout indicates upside of 39 cents

- Support appears at 27 cents

RAFFLES MEDICAL GROUP ($4.30) - Rebounds off 200 day moving average

- Prices bounced sharply off 200 day moving average

- Quarterly momentum has turned up from a one year low

- Immediate resistance is at $4.43

Q&M DENTAL GROUP (SINGAPORE) (77.5 cents) - Hovering around support

- Counter has been a steady performer

- Prices have remained above the 200 day moving average

- Does not appear to have sufficient volume or momentum for prices to move much higher than 79 to 80 cents

- Resistance appears at July high of 88 cents

(Source:  TheEdgeSingapore November 16,2015)

Base formations increasingly visible

STARHUB ($3.58) - Base formation takes shape

- Prices have approached top of base formation

- Retreat is likely to be temporary

- When short term indicators recover and volume expands, prices should be able to clear resistance area

- Support is at $3.58

HI-P INTERNATIONAL (52.5 cents) - Recovery faces resistance

- Prices have managed to recover from steep decline

- Quarterly momentum is at a major resistance level

- Support should hold above 49 cents

- Break above 53 cents would indicate target of 70 cents

GENTING SINGAPORE (80.5 cents) - Base formation underway

- Prices are likely to move sideways to lower

- Support is at the neckline

- Break above 82 cents indicates a short term target of 91 cents

FIRST RESOURCES ($1.95) - Uptrend develops

- Temporary retreat underway with support at $1.85

- Prices should be able to move broadly higher towards $2.15

- Counter has outperformed the sector and looks set to retain its relative strength

BUMITAMA AGRI (82 cents) - Temporary easing

- There is some weakness

- 50 day moving average at 78 cents should be able to support any price retreat

- Prices need to move above 87 cents before they are able to gain up momentum

- There is a target of $1.04 if it successfully break above 87 cents

INDOFOOD AGRI-RESOURCES (58 cents) - Temporary retreat

- Worst news on the fundamental front could be over

- In the near term prices may ease further

- Support appears at 55 cents

- Earlier break above 55 cents indicated a target of 70 cents

(Source:  TheEdgeSingapore November 2 2015)