SEMBCORP MARINE ($1.55) - Sideways range
- Prices have managed to hold around $1.50
- In short term prices are unlikely to move
much higher
- Level to watch is $1.66
- Prices may attempt to challenge $1.66
YANGZIJIANG SHIPBUILDING HOLDINGS (89
cents) - Set to drift lower
- Technical indicators point to further
downside
- Support is at 89 cents
- Breakdown would indicate a target of
below 70 cents
- Move above 93 cents would invalidate the
70 cent downside
TRIYARDS HOLDINGS (39 cents) - Could
strengthen
- Prices have been entrenched within a
narrow range
- 21 day RSI is trying to rebound as well
- Support is at 37.5 cent level
EZION HOLDINGS (50.5 cents) - Getting no
lift
- Chart pattern is not hinting at a recovery
soon
- There are signs that prices have bottomed
- Prices could be trying to establish a
floor at 49 cents
- Price resistance is at confluence of 50
and 100 day moving averages
EZRA HOLDINGS (7.2 cents) - Could break
down
- Prices are at crucial level
- Quarterly momentum is showing signs of
weakening
- Prices need to hold at support of 7.2 to
7.3 cents
- Low volume indicates lack of selling
pressure but indicators also show that there is a lack of demand for the stock
PACC OFFSHORE SERVICES HOLDINGS (36 cents)
- Could it break out?
- Short term technical picture is showing
signs of relative strength in a still-weak sector
- Prices have just rebounded off 34.5 cents
establishing a support
- Resistance is at 39 cents
(Source:
TheEdgeSingapore May 23 2016)
