Strong oversold pressures fail to trigger bounce

DBS GROUP HOLDINGS ($13.77) - Oversold pressures build

- Counter remains under selling pressure

- Annual momentum continues to fall

- Next support appears at $13.66

- Book value is at $15.42

KEPPEL CORP ($4.80) - Finds temporary support

- Counter could start to stabilise

- Quarterly momentum is at a low point and directional movement is at overextended level

- Prices have breached its downside target of $5.40

- Next support is at $3.66

UNITED OVERSEAS BANK ($17.07) - Attempts to find a floor

- Counter has a downside target of $16

- Prices are attempting to hold at $17 and prices may rebound temporarily

- Annual momentum has found support at a previous low which could mitigate the decline

OVERSEAS-CHINESE BANKING CORP ($7.57) - Extreme oversold readings

- Counter broke thrice tested support at $8.62

- Break indicates target of $7.50

- Prices are at their furthest point away from 200 day moving average indicating probability of a temporary bounce

SEMBCORP INDUSTRIES ($2.19) - Downtrend continues

- The long decline shows no signs of letting up

- Prices are $1.45 below the 200 day moving average, the largest gap since the global financial crisis

- Prices should attempt a rebound

- Support level during global financial crisis was at $1.80

SEMBCORP MARINE ($1.50) - Temporary rebound

- Counters appears to have found a floor following its test of $1.30

- Quarterly momentum remains in a downtrend

- Immediate resistance is at $1.66

(Source:  TheEdgeSingapore, January 25 2016)