Situational plays surge on rotational interest

AEM HOLDINGS ($1.66) - Uptrend overextended

- Prices have accelerated following a brief pause

- There should be some upside

- Next resistance is likely to be $1.80

- Support is at $1.55

UMS HOLDINGS (75.5 cents) - Up-move continues

- There are no signs that the uptrend is likely to stop

- Prices appear to have broken above 74 cents potentially forming a bull flag

- In this event, upside is at 81 cents

- Traders should keep a tight stop loss at 71 cents

HI-P INTERNATIONAL (57 cents) - Uptrend to resume

- Uptrend is likely to continue

- In the immediate term, stochastics has turned down and this could cause a short-term sideways movement

- Prices should be able to break above 55 cents and test 72 cents

FISCHER TECH ($1.98) - Limited upside

- Prices have been fluctuating within a narrow sideways range

- Prices should continue to push ahead

- Prices have broken above $1.91 and are likely to move towards $2.10

- Since prices have almost doubled in past 12 months, upside is probably limited

CREATIVE TECHNOLOGY ($1.16) - Temporary consolidation

- Short term moves are likely to be lower

- Support should appear at $1.13 to $1.15

- When the upclimb resumes, resistance is at $1.49

HONG FOK CORP (77.5 cents) - Breaks out of one-year range

- The sharp up-move should continue

- Breakout indicates an initial upside of 85 cents and eventual target of $1

- Indicators suggest a sustained up-climb

(Source:  TheEdgeSingapore March 13 2017)