Pockets of strength among index components

DBS GROUP HOLDINGS ($15.94) - Challenging resistance

- Prices have cleared a confluence of resistances at $15.60 which should provide support in event of retreat

- Break above $15.60 indicates an eventual target of $18.44 but this is unlikely in near term

- Prices may halt at $16 to $16.06

UNITED OVEREAS BANK ($18.28) - Facing immediate resistance

- Prices are challenging resistance at $18.40 to $18.50 range

- Quarterly momentum is in a downtrend

- Prices are likely to stay within a range

- Support is at $17.91

SINGAPORE EXCHANGE ($7.43) - Testing support

- Resistance appears at $7.70

- Overall there are pockets of weakness

- Support appears at $7.42

- Break below support indicate a downside of $6.70

OVERSEA-CHINESE BANKING CORP ($8.58) - Attempts to strengthen

- Prices have been unable to move above resistance at $8.60 to $8.70

- Prices are likely to stay within sideways range

- Prices need to break above $8.70 to indicate a new upside

- Support is at $8.48

SINGAPORE TELECOMMUNICATIONS ($3.87) - Attempts to gain strength

- Main trend appears to be sideways

- Top end of the trading range is at $3.97

- Short term indicators are likely to support prices

- Once prices approach $3.97 to $4 they could turn down

- Support is at $3.76

(Source:  TheEdgeSingapore June 27 2016)