REITs overextended, largest gains over

ASCENDAS REIT ($2.70) - Short-term peak

- Prices could correct below their 50 day moving average at $2.63

- Support appears at $2.54

- Resistance is at $2.86

FRASERS CNETREPOINT TRUST ($2.25) - Maturing uptrend

- Prices have just broken out of minor resistance setting target of $2.40

- Upturn started in 2009 and prices have quadrupled suggesting largest gains are over

FRASERS COMMERCIAL TRUST ($1.48) - Fatigue sets in

- There are signs of fatigue

- Prices may formed a minor peak at $1.54

- Support appears at $1.40

MAPLETREE COMMERCIAL TRUST ($1.385) - Facing resistance

- Main uptrend is intact

- Resistance has been established at $1.44

- Prices could stay range-bound for some time

- Support has been established at $1.25

STARHILL GLOBAL REIT (92.5 cents) - Breaks out

- Prices have broken out of resistance at 90 cents

- Break indicates target of $1.05

- Support is at 90 cents

SUNTEC REIT ($1.94) - Short term overstretched

- Upsurge from break is likely to turn to retreat soon

- Support for any retreat is at $1.82

- Earlier break indicates a target of $1.98

(Source:  TheEdgeSingapore April 22, 2013)

Telcos calling investors

MDR (1.7 cents) - Consolidation sets in

- Prices are likely to be rangebound for a few weeks

- Support has been established at 1.6 cents

M1($2.89) - Ripe for correction

- This counter has the greatest relative strength among the three telcos.

- Uptrend remains intact but probability of a correction is high

- Support appears at $2.89

STARHUB ($4.43) - Consolidates gains

- Prices are attempting to clear resistance

- Some form of consolidation is imminent

- Support appears at $4.18

SINGAPORE TELECOMMUNICATIONS ($3.60) - Temporary retreat underway

- Prices are struggling to maintain break above resistance

- Indicators suggest that prices should rebound

- Support appears at $3.51

- Breakout level remains at $3.60 and a successful break indicates upside of $3.80

NERATEL (66.5 cents) - Facing resistance

- Prices may have made a short term peak at 69.5 cents

- Short term downside is limited with support at 65 cents

- Breakdown is more likely in medium term

PACIFIC CENTURY REGIONAL DEVELOPMENTS (20.5 cents) - Attempts breakout

- Prices are attempting to break above 21.5 cents level

- Successful break indicates target of 27 cents

- Support is at 20.5 cents

(Source:  TheEdgeSingapore April 15, 2013)

Flight to quality

DBS GROUP HOLDINGS ($15.95) – Uptrend underway

-         Prices have established uptrend since start of the year

-         Prices have managed to break $15.72 resistance indicating objective of $16.50

-         Support is at $15.72

OVERSEA-CHINESE BANKING CORP ($10.57) – Uptrend intact

-         Prices have been on steady uptrend

-         Break above $9.80 indicated target of $10.80

-         If prices hold on break above $10.55 there is new upside of $11.10

-         Support is at $10

UNITED OVERSEAS BANK ($20.58) – Breaks out

-         Breakout above resistance indicates target of $21.60

-         Support is at $19.90

GREAT EASTERN HOLDINGS ($18) – Challenging resistance

-         Resistance at $18 has prevented further upmoves

-         Prices are unlikely to break out in the near term

-         Support is at $17.80

-         Break above $18 indicates objective of $22

PRUDENTIAL (US$15.40) – A dark horse gallops away

-         The high pre-global financial crisis was at equivalent of US$16.25

-         There is a new upside if prices are able to break US$16.25

-         Support is at US$14.40

SPDR GODL SHARES ETF (US$154.30) – Decline to continue

-         Prices have been on a clear downtrend

-         Support is at US$150

-         Break below support indicates target of US$140

(Source:  TheEdgeSingapore April 1, 2013)