The Kangaroo Route

GLOBAL INVESTMENTS (23.5 cents) - Looks like strengthening
- Technically the counter is attempting to strengthen
- Support is at 21 cents
- Break above 23.5 cents indicate a target of 36 cents

MACQUARIE INTERNATIONAL INFRASTRUCTURE FUND (40.5 cents) - Challenging resistance
- 50 day and 100 day moving average have just made a positive crossover
- Support is being established at 39 cents
- Resistance is at 42 cents
- Break above 42 cents would indicate a target of 52 cents

MACARTHURCOOK PROPERTY SECURITIES FUND (14 cents) - At support
- Prices are sitting on the 200 day moving average
- Trading range is narrow with resistance at 15.5 cents

MACARTHURCOOK INDUSTRIAL REIT (35.5 cents) - Testing support
- Prices have found support above the rising 200 day moving average at 33 cents
- Resistance at 41 cents
- ADX suggests a period of range trading between 33 and 41 cents

FRASERS COMMERCIAL TRUST (14 cents) - Breaks below moving averages
- Prices have broken below support at 15 cents
- Break indicates a target of 10 cents

CAMBRIDGE INDUSTRIAL TRUST (43.5 cents) - May break below top
- Prices appear to break below 45 cents
- Breakdown level is at 42 cents
- Prices may move sideways within 42 to 45 cents before deciding on the next major trend

S-Chips break support

SINOTEL (57.5 cents) - Breaking support
- A break below 59 cents would cause a break below the neckline of a top-like formation
- Break below 59 cents would indicate a target of 46 cents

SINOMEM TECHNOLOGY (54 cents) - Breaks top formation
- Price broke a top like formation at 59 cents
- Break indicate a target of 46 cents

MIDAS (82 cents) - Poised to break 100 day moving average
- Prices appear poised to break the 100 day moving average of 82 cents
- Break below 80 cent indicate a target of 70 cents
- Move above 85 cents would reverse the breakdown scenario

EPURE INTERNATIONAL (58 cents) - Testing 100 day moving average
- Price has broken the 50 day moving average of 60 cents
- Neckline is at 54 cents
- Break below 54 cents indicate a target of 43 cents

CHINA AVIATION OIL ($1.10) - Breaks down from the top
- Price is testing support at $1.07 to $1.09
- Breakdown would indicate a target of 85 cents

YANLORD ($2.29) - Dead cross
- Prices have just fallen below the 50 and 100 day moving average at $2.40
- The next support is at $2.20
- Break below would indicate a target of $1.54

Blue-chips sing the blues

DBS GROUP ($13) - Breaks out of resistance

- A break below $10.67 would be negative and indicate a target of around $7

- Resistance is at $14

UOB ($17.40) - Technically the strongest bank

- Support at $16.50

- Prices appear unlikely to break out on the upside

KEPPEL CORP ($8.15) - Stuck in sideways range

- A break below $8 would indicate a downside objective

- A break out of $8.24 would be good for the stock

SINGAPORE AIRLINES ($14.08) - Rebounds off uptrend

- A break below $13.70 would cause a break below the uptrend line

- Resistance at $14.50

OCBC BANK ($7.63) - Trading below 50 day moving average

- Support is at $7.50 level

- A break below support level would indicate a downside objective and complete a top formation

- A break above $7.73 would negate this gloomy picture

JARDINE C&C ($25.18) - Seen its best

- Support is at $24.18

- Resistance is at $26.50

- Probability of a breakout is low