Offshore plays regain some buoyancy

KEPPEL CORP ($6.27) - Could attempt breakout
- Temporary pause as price run-up towards minor breakout level
- Successful break above $6.35 would trigger move towards $6.85

EZION HOLDINGS (41.5 cents) - Moving averages turn positive
- The 100 and 200 day moving averages appear poised for a positive cross
- Directional movement indicators are positively placed
- Resistance is at 43.5 cents and support is at 40.5 cents

PACC OFFSHORE SERVICES HOLDINGS (35.5 cents) - Strengthening gradually
- Prices have been moving in a narrow range between 34 and 34.5 cents
- Successful break above this level indicates initial target of 40 cents
- Quarterly momentum is showing signs of strength
- Price support is at 34 cents

MERMAID MARITIME (19.5 cents) - Uptrend intact
- There could be a temporary retreat
- Price support appears at 18.5 cents
- Break below this level would violate the accelerated uptrend however main uptrend would stay intact
- Resistance is at 20.5 cents

ASL MARINE (15 cents) - Signs of a base formation
- There are signs that prices may be in base formation and worst declines are over
- Directional movement has turned up from a low level
- Immediate resistance is at 16.8 cents

PACIFIC RADIANCE (15.7 cents) - Could start to strengthen
- Interest in this counter is at an ebb
- The 50 and 100 day moving averages have just formed a positive cross
- Support appears at 50 day moving average at 14.8 cents
- Resistance is at 18 cents

(Source:  TheEdgeSingapore January 30 2017)