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GMG GLOBAL (31.5 cents) – Tracking new highs
- Prices broke out of resistance at 30 cents, giving objective of 36 cents
- Quarterly momentum has only just turned up
- Volume is expanding

GLOBAL PALM RESOURCES (35 cents) – Breaks out of resistance
- Prices are approaching resistance at 36 cents
- Volume has risen as prices advanced
- A successful break indicates a target of 42 cents

GOLDEN AGRI-RESOURCES (66 cents) – Temporary retreat
- Prices broke out of resistance at 61 cents
- Break indicates a target of 75 to 76 cents level
- Quarterly momentum is rising

INDOFOOD AGRI RESOURCES ($2.59) – Breaks out of resistance
- Prices have broken out of resistance at $2.55
- Volume has been increasing on white candle days indicating a build up in demand
- Break indicates a target of $3.25

KENCANA AGRI (42.5 cents) – Overstretched
- Prices have risen 61% since June
- Breakout earlier last week reconfirms the uptrend
- Break above 42 cents indicate an objective of 50 cents

WILMAR INTERNATIONAL ($6.40) – Late bloomer
- Prices have rebounded off support
- Immediate resistance is at $6.50
- Break above $6.50 indicates a target of $7.20

(Source: TheEdgeSingapore October 18 2010)

Bull in China

CAPITAMALLS ASIA ($2.28) – Breaks out of resistance
- Breaks above the several times tested resistance at $2.23 to $2.25 range
- Measuring objective is at $2.59
- As long as prices hold above the breakout level, the target is well within reach

CAPITALAND ($4.21) – Breaks out of resistance
- Prices have broken out of three-times-tested resistance at $4.15
- Break indicates a target of $4.83
- Support is at $4.15

GUOCOLAND ($2.41) – Set to test one-year high
- Prices broke out of several times tested resistance at $2.22
- Break indicates a target of $2.56

BROTHERS (HOLDINGS) (17.5 cents) – Attempting breakout
- Prices appear to have moved out of a narrow range
- Resistance appears at 21 cents
- Indicators confirm a firmer phase ahead
- Support is at 16 cents

CWT (96.5 cents) – Poised to pounce
- Looks like it is about to rally from current levels
- Break above $1.02 would take prices out of resistance and indicate a target of $1.26
- Support is at 95 cents

ARA ASSET MANAGEMENT ($1.32) – Superior relative strength
- This is one of the strongest stocks in the market
- Earlier break above $1.15 indicates a measuring objective of $1.44
- Support is at $1.15

(Source: TheEdgeSingapore October 11 2010)

Losing bets

GENTING SINGAPORE ($1.86) – Support at $1.74

-        Both short term and medium term indicators are declining

-        Support appears at $1.74

-        Looks very much like the largest gains could be over for the time being

GENTING HONG KONG (42.5 US cents) – Support at 40 US cents

-        Short and medium term indicators are falling

-        Quarterly momentum looks more resilient

-        Support is at 40 US cents

-        A failure to halt decline at this level would mean a sharp decline to 29 US cents

MANDARIN ORIENTAL (US$1.71) – Trading below NAV

-        Prices appear poised for a breakout. Target is US$2.12

-        This could be the next privatization target

GALLANT VENTURES (25 cents) – Flagging prices

-        Prices and quarterly momentum are weak

-        Resistance has been established at 28 cent level

-        Support is at 22 cents

BANYAN TREE (88 cents) – Inert for now

-        Chart suggests limited investor and punter interest

-        Support is at 85 cents

-        Resistance is at 89 cents

-        Breakout is unlikely but a breakdown could occur out of sheer inertia

FRAGRANCE GROUP (65 cents) – Sudden interest

-        Technically prices look like they have broken out of a downtrend at 55 cents

-        Resistance is at 71 cents

(Source: TheEdgeSingapore October 4 2010)