Selected blue-chip laggards attempt breakouts

COMFORTDELGRO ($2.75) - Uptrend underway

- Prices broke out above resistance at $2.60

- Breakout indicates a target of $2.90

- Technical indicators should support the price target

- Any retreat is likely to be mild with support at $2.62

CAPITALAND RETAIL CHINA TRUST ($1.60) - Breaks out of resistance

- Prices broke above resistance at $1.51

- Breakout should indicate an initial target of $1.70

- Indicators are generally positive

- Move towards $1.51 in next two weeks would mean breakout has failed

GENTING SINGAPORE ($1.13) - Uptrend underway

- An uptrend is underway

- Indicators suggest that uptrend is likely to continue

- Significant resistance appears next at $1.43

- Support is at $1.06

ASIAN PAY TV TRUST (52 cents) - Temporary retreat

- Counter surged above the 200 day moving average

- Breakout indicates a target of 60 cents

- Retreat needs to hold at 49 cents

M1 ($2.17) - Challenges major downtrend

- Buying demand for this counter could be returning

- Immediate resistance is at $2.23

- Break would indicate a target of $2.50

- Move below $2.11 would indicate failure

ISDN HOLDINGS (21.5 cents) - Attempts breakout

- Prices are challenging 200 day moving average at 20.8 cents

- Resistance is at 27 cents

- Move below 20.8 cents would imply that the counter is likely to fall back to its narrow sideways range

(Source:  TheEdgeSingapore May 1 2017)