No bull in China

EPURE INTERNATIONAL (79 cents) - Breaking double top

- Appear poised for a double breakdown

- Break below 80 cents indicates a minimum target of 60 cents

MIDAS (97 cents) - Temporary bounce

- Prices managed to rebound off support at 90 cents

- Resistance is near $1.02 mark

- Break below 90 cents indicates a target of 70 cents

RAFFLES EDUCATION CORP (38 cents) - Downtrend persists

- Rebounds will find ceilings at level such as 44 cents

- Support is at 33 cents

- Possible danger of breaking down with target of 27 cents

CHINA HONGXING SPORTS (16.5 cents) - Breaking down

- Prices broke through support at 17 cents

- Break indicates a target of 10 cents

YANLORD LAND GROUP ($1.72) - Declining trend

- Clear downtrend is underway

- Break below $2 indicates a target of $1.30

- Resistance appears at $1.80

SINOTEL (46 cents) - Breaks double top

- Chart looks like double top formation

- Break below 51 cents indicate a target of 30 cents

(Source: TheEdgeSingapore February 22 2010)

Bruised blue-chips rebound

DBS GROUP HOLDINGS ($14.18) - At the neckline

- Range is likely to be narrow

- Support is at $14

- Resistance appears at $14.80

OVERSEA-CHINESE BANKING CORP ($8.49) - Temporary bounce

- Prices managed to rebound from support at $8.10

- Break of support indicate a target of $6.70

- Prices are in rebound mood

- Resistance at $8.80

UNITED OVERSEAS BANK ($18.40) - Counter-trend move

- Support has been established at $18

- Resistance is at $19

- Probability of a breakdown is higher

KEPPEL CORP ($8.33) - Still sideways

- Managed to hold above $8.12 to $8.17 range

- Chart pattern remains precarious

- Only break above $8.65 would negate the likelihood of a potential breakdown

CAPITALAND ($3.86) - Downtrend develops

- Prices are experiencing a temporary rebound

- Resistance appears at $4

- Break below $4 indicates a target of $3.40

CITY DEVELOPMENTS ($10.66) - Hanging on

- Chart looks like a top formation

- Support is at $10.40

- Break of support indcates a target of $8.80

- Resistance at $10.80 to $10.90

(Source: TheEdgeSingapore February 15, 2010)

That sinking feeling

OTTO MARINE (45 cents) – Approaching breakdown

- Prices are falling on high volume

- Breakdown level is at 43.5 cents

- Break below 43.5 cents indicate a target of 30 cents

EZRA HOLDINGS ($2.15) – Hanging by a thread

- Prices rebounded off 100 day moving average of $2.10

- Break below $2.10 may provide trigger for decline to around $1.80

YANGZIJIANG SHIPBUILDING ($1.02) – Downtrend develops

- There has been a clear breakdown from double top formation

- Prices are still set to fall and could go as low as 90 cents

FALCON ENERGY (71.5 cents) – Breaking below top

- Support is at 70 to 72 cents

-Break below support indicates an eventual target of 50 cents

MARCO POLO MARINE (47 cents) – Also breaking down

- Technical indicators are suggesting further declines

- Support at 47 cents

- Breakdown below 47 cents indicates a target of 30 cents

COSCO CORP ($1.21) – Poised for breakdown

- This unloved counter has the greatest relative strength

- Support is at $1.20

- Resistance is at $1.35

(Source: TheEdgeSingapore, Feb 8 2010)