Damage done

KEPPEL CORP ($8.37) – Testing neckline of top formation

- Stock has been stuck within sideways band

- Breakdown level is at $8.10

- Resistance is at $8.60

UNITED OVERSEAS BANK ($18.16) – Possible chart breakdown

- Support is at $18.30

- A break indicates a target of $17

- Resistance is at $19.46

CITY DEVELOPMENTS ($10.72) – Poised for breakdown

- Prices are sitting on 100 day moving average

- If this is broken, the next downside target is at $9.65

- Resistance is at $11.10

DBS ($14.28) – Breaking below top

- Support is at $14.03

- If price is not able to move above $14.50 to $14.60 range, counter may well confirm the top formation.

- Break below $14 would mean start of a downtrend

CAPITALAND ($3.81) – Turning down

- Technical condition is weak

- Prices broke $4 level.

- Next support is at $3.50

OCBC BANK ($8.19) – Also poised for breakdown

- Break below $8.20 completes the top formation and indicates a target of $7

- Resistance is at $8.67

(Source: TheEdgeSingapore, 1 Feb 2010)

The Edge Singapore Stock Picks For 2010

Company	Price as at Jan 22 ($)	Dividend Yield (%)	PER (Times)
CapitaRetail China Trust	1.27	6.4	35.9
Frasers Centrepoint Trust	1.43	5.7	-
Great Eastern Holdings	13.5	1.6	14.3
Hyflux Water Trust	0.69	7.4	23.2
MobileOne	2.17	6.2	12.9
Pertama Holdings	0.35	6.2	13
Sembcorp Industries	3.55	3.1	12
SIA Engineering	3.51	4.6	16.1
SMRT Corp	1.89	4.1	15.9
Wheelock Properties	2.07	2.9	34.5

China property plays take a dive

YANLORD PROPERTIES ($1.90) - Breakdown from top formation

- Prices broke below support at $2.10

- Breakdown indicates a target of $1.50

- Traget looks attainable

PAN HONG (59 cents) - Turning down

- Evidence suggest that stock is forming a top

- Immediate support is at 60 cents

- Neckline is at 55 cents

- Break below this level indicates target of 40 cents

YING LI INTERNATIONAL REAL ESTATE (58 cents) - Breaks support

- Support at 60 cents

- Break below 60 cents could cause price to drift to 50 cents

CHINA NEW TOWN DEVELOPMENTS (13 cents) - Breaking below top

- Prices are testing the neckline at 12.5 cents

- Break below this level indicates a target of 7 cents

CAPITARETAIL CHINA TRUST ($1.20) - Gains relative strength

- Support is at $1.22 to $1.23 level

- Main uptrend is intact

- Resistance is at $1.36

CHINA YUANBANG (20 cents) - Poised for breakdown

- Support is at 20.5 cents

- Breakdown would indicate a target of 10 cents

(Source: TheEdgeSingapore January 25, 2010)