Laggards attempt breakouts as speculative interest takes hold

CITIC ENVIROTECH (83.5 CENTS) - Attempts to move higher

- Prices have managed to move above resistance at 83 cents

- A "pattern" gap formed on the breakout.  If this remains uncovered, outlook will be bullish

- If counter moves to cover the gap and falls to 83 cents or lower, the break could fail

- In the event of breakout, upside is at 94 cents

TAT HONG HOLDINGS (42.5 CENTS) - Breaks out of base

- Prices broke out of a base formation on March 28

- Prices are at the 200 day moving average at 43.7 cents, a level that coincides with a resistance area

- Prices should be able to move above this level eventually

- Break above 40 cents indicates target of 48 cents

- Immediate support is at 40 cents

SABANA REIT (51 CENTS) - Breaks out of resistance

- Long suffering counter is attempting to form an uptrend

- Based on chart pattern, upside from the breakout is at 56 cents to 57 cents

- Support should be kept at 48 cents if prices are able to close above this level on March 31

CHINA EVERBRIGHT WATER (47.5 CENTS) - Base formation

- Prices are in base formation

- Top of the minor base formation is at 50 cents

- Prices would need to move above this level to confirm that prices have broken out

- Support is at 45 cents

- Break above 50 cents would indicate a target of 58 cents

FRASERS COMMERICAL TRUST ($1.275) - Attempts to strengthen

- Prices are in base formation

- If prices manage to hold above $1.27, the next layer of resistance is at $1.30

- Indicators suggest that prices will have sufficient momentum to break above $1.31

- Break indicates upside of $1.42

- Support is at $1.27

FRASER AND NEAVE ($2.34) - Consolidates price surge

- In short term, prices are likely to move sideways to lower

- Overall though, this counter could move higher subsequently

- Resistance appears at $2.75 to $2.80

(Source:  TheEdgeSingapore April 3, 2017)