DBS GROUP HOLDINGS ($20.45) – Temporary pause, uptrend
intact
·
Ensuing surge may be followed by a temporary
retreat
·
Support should appear at $20.26
·
Immediate resistance is at $20.83
·
Direction remains upwards
OVERSEA-CHINESE BANKING CORP ($10.26) – Main uptrend to
continue
·
Prices look bullish
·
Initial upside from the breakout is at $10.80
and could be as high as $12.80
·
Indicators suggest that uptrend is likely to
continue
·
In the short term, prices could correct with
support at $9.80
UNITED OVERSEAS BANK ($23.30) – Short-term pause, up-move
intact
·
Counter has gained relative strength against the
sector
·
Short-term indicators are at the top of their
range and temporary retreat is in force
·
Support is at $22.50
·
Breakout indicates target of $24.20 and eventual
target of $26.60
M1 ($2.23) – Attempts breakout
·
Prices have moved above 200 day moving average
·
Prices would need to move above $2.29 to
underline the breakout
·
Resistance is at $2.29 and breakout indicates
target of $2.68
SIA ENGINEERING ($3.86) – Challenging resistance
·
Prices are approaching resistance at $3.86
·
Long term indicators are positive
·
Break above $3.70 gives target of $4.30
·
Any retreat is likely to be temporary with
support at $3.74
CAPITALAND COMMERCIAL TRUST ($1.62) – Facing resistance
·
Indicators suggest that prices are likely to
move sideways in the near term
·
Support is at $1.60
·
Break above two year momentum equilibrium line
should materialize in next month or so
·
Break would indicate a significant upside
objective
(Source:
TheEdgeSingapore May 8 2017)
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