SEMBCORP MARINE ($1.425) - Rally may not be
sustained
- Counter has the greatest strength among
the quality O&M stocks
- Prices are still beneath the key 200 day
moving average
- Resistance is at $1.50
- Support for retreat is at $1.35
KEPPEL CORP ($5.40) - Entrenched in
sideways range
-
Prices have been in a very narrow range for the past three months
- It is unlikely that prices will be able
to break out soon
- Move above $5.45 would indicate an upside
of $5.80
ST ENGINEERING ($3.27) - Ambiguous move
- Counter's moves have been ambiguous
- Short term stochastics is in a peaking
process
- Prices may consolidate at current levels
first
- In event of breakout, upside is limited
to $3.40
- Break below $3.10 would be negative
SEMBCORP INDUSTRIES ($2.72) - Breaks out of
base
- Chart pattern has strengthened
- If directional indicators turn positive
and quarterly momentum breaks above resistance, the initial price target could
be $2.90 with eventual target at $3.10
HOTEL PROPERTIES ($3.82) - Breaks above 200
day moving average
- Prices have moved above 200 day moving
average and resistance at $3.60
- Breakout indicates an initial upside of
$4
- There are signs that the upmove may not
be sustainable
GENTING SINGAPORE (95.5 cents) - Set for
retreat
- Prices have run ahead of themselves
- Indicators suggest that upside is likely
to be limited
- Support is at 94 cents. Break below this level would be negative
(Source:
TheEdgeSingapore November 28 2016)
