Selected quality stocks plump to oversold lows

SINGAPORE AIRLINES ($9.97) - Rebound in a downtrend

-  Short and medium term oversold pressures should trigger a temporary rebound

-  Resistance appears at $10.20

- Overall though, the trend remains downwards

SIA ENGINEERING ($3.51) - Short-term rebound

- Short term indicators are at the bottom of their range

- The one year intraday low of $3.31 to $3.33 may provide some temporary respite

- Technical picture remains weak

- Immediate resistance appears at $3.60

ST ENGINEERING ($3.11) - Poised for breakdown

- Prices continue to hover around support area

- $3.14 is likely to act as a resistance line

- Indicators are noticeably weak

- Immediate support is around $3 and the eventual downside could be as low as $2.70

- Move above $3.14 could materialise

STARHUB ($3.13) - Short-term oversold

- Any rebound is likely to be temporary

- Prices have plummeted to four year low

- Downside is likely to be limited to $3

- Resistance appears at $3.20

SINGAPORE TELECOMMUNICATIONS ($3.84) - Testing support

- Support has been established at $3.84 to $3.85

- In case of a breakdown, a target of $3.43 is indicated

- If prices regain the 200 day moving average in the next two sessions, this would invalidate the target

KEPPEL CORP ($5.44) - Gains strength

- Prices are gaining strength

- Resistance appears at $5.47 to $5.48 level

- A breakout would be bullish and would indicate an initial target of $6

(Source:  TheEdgeSingapore  November 14 2016)