Negative news prompts base formations

SINGAPORE POST ($1.52) - Emerges from base formation

-  Volume expansion accompanying white candle days is a positive sign

- Immediate resistance is at $1.58 and successful break would indicate target of $1.80

- Technical indicators indicate that upside is attainable

- Support is at $1.50

SINGAPORE TELECOMMUNICATIONS ($4.02) - Lacklustre outlook

- Indicators suggest that prices may stay within a trading range

- Moving averages are pointing in different directions

- All these are indications of continued range bound trading

- Resistance is at $4.06 and near term support is at $3.87

M1 ($2.39) - Strong oversold position

- Quarterly momentum continues to fall

- A couple of indicators point to a rebound off very oversold positions

- Prices have hovered around $2.40 establishing it as a minor resistance

- Support is at $2.35

STARHUB ($3.49) - Possible base formation

- Prices are attempting to form a bottom

- Short term indicators suggest a minor recovery

- Resistance appears at $3.50

SUPER GROUP (87.5 cents) - Short-term consolidation likely

- Price surge on Oct 5 is likely to be followed by a consolidation

- Consolidation could see prices ease towards 85 cents

- Next breakout level is at 90 cents and resistance appears at 95.5 cents

NOBLE GROUP (19.1 cents) - Signs of recovery

-  The chart pattern indicates a reverse head and should pattern

- The top of the base is at 18.1 cents

- A successful break indicates an upside of 24.5 cents

- Support is at 16.6ents

(Source:  TheEdgeSingapore October 10 2016)