Sunday, December 6, 2015

Rotational interest drives short term gains

SUNMOON FOOD CO (8.4 cents) - Somewhat overstretched
- Prices have probably run ahead f themselves
- Quarterly momentum looks bullish
- In the short term prices may push higher but it is likely that the largest gains are over
- Resistance at 10 cents
- Support at 6.8 cents

TT INTERNATIONAL (8.7 cents) - Poised for breakout
- Prices could pause temporarily
- Support appears at 7.4 cents
- Prices have potential to move higher
- If prices break 9.1 cents, target of 13.2 cents is indicated

MEMSTAR TECHNOLOGY (1.2 cents) - Could start base formation
- Prices are still in a downtrend
- 1.5 cent level could turn out to be the top of a broader base formation
- 1.2 cent level should be seen as stop loss support level

WILLAS-ARRAY ELECTRONICS HOLDINGS (67 cents) - Breaks out of resistance
- Quarterly momentum has moved above resistance
- Directional movement is turning up
- Resistance appears at 78 cents

SINGAPORE O&G (81 cents) - Gains strength
- Counter continues to gain strength
- Uptrend remains intact
- Break above 78 cents indicates target of 93 cents

UNITED FOOD HOLDINGS (17.5 cents) - Could gain strength
- Quarterly momentum is showing signs of turning up
- Breakout of 18.3 cents would garner more interest
- Support is at 15.6 cents


(Source:  TheEdgeSingapore December 7 2015)

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