Office-property plays shine

SINGAPORE LAND ($6.45) – Uptrend intact

- Quarterly momentum has turned up

- If prices can hold above $6.40, that would provide them with a measured move to $7.30

UNITED OVERSEAS LAND ($3.90) – New 2009 high likely

- Prices broke out of resistance of $3.70

- Breakout indicates a target of $4.40

- A break below $3.70 negates the positive outlook

K-REIT ASIA ($1.04) – Poised for upmove

- Resistance at $1.10

- A successful breakout indicates at target of $1.22

UNITED INDUSTRIAL CORP ($2.07) –Christmas at UIC

- Price broke out of a seven month sideway range of $2

- Break indicates a target of $2.40

KEPPEL LAND ($3.28) – Set to move higher

- Prices have broken out of a large ascending triangle at $2.90

- Break indicates a target of $3.80

- Support at $3

CAPITACOMMERCIAL TURST ($1.16) – Breaks out of ascending triangle

- Prices appear poised to break out of resistance level between $1.13 to $1.15

- Break indicates a target of $1.28 and $1.34 respectively

(Source: TheEdgeSingapore December 7 2009)

REITs steady as penny stocks falter

ASCENDAS REI ($1.89) – Uptrend intact
- Price resistance is at the $1.95
- Break above $1.95 would indicate a target of $2.15

CAPITACOMMERCIAL TRUST ($1.13) – Challenging resistance
- Resistance appearing at $1.15 level
- A break would indicate a target of $1.28

CAPITAMALL TRUST ($1.73) – Temporary pullback
- Prices reached a high of $1.84 in September
- Break above $1.75 would indicate a target of $2.18

FRASERS CENTREPOINT TRUST ($1.23) – Sideways phase
- Resistance is at $1.29
- Prices are likely to move sideways

STARHILL GLOBAL REIT (52.5 cents ) – Downturn
- Prices have turned down breaking support at 60 cents
- Decline to support at 40 cents looks likely

SUNTEC REIT ($1.30) – Start of sideways trend
- Support likely to appear at $1.23
- Resistance is at $1.34

(Source: TheEdgeSingapore 30 November 2009)

Flight to quality

UNITED OVERSEAS BANK ($19.48) - Flag-like pattern

- Chart pattern resembles a bull flag

- Objective of a breakout is at $22

- Support is at $19 and flag fails if prices fall below $18.90

OCBC BANK ($8.48) - Forming bull flag

- An upside break above $8.50 indicate a target of $9

SEMBCORP MARINE ($3.50) - Uptrend intact

- Current pullback should find support at $3.40

- Break below $3.40 would be very negative

DBS GROUP ($14.68) - Challenging resistance

- Prices broke out of four month consolidation range

- Breakout indicates target of $15.50

SEMBCORP INDUSTRIES ($3.68) - Poised for breakout

- Break above $3.50 indicates a target of $3.90

- A break below $3.49 negates this bullish outlook

CAPITALAND ($4.09) - Upside target remains valid

- Break above $4 indicates a target of $4.70

- Support has been established at $4

- Break below this level negates this bullish outlook

(Source: TheEdge Singapore, Nov 23 2009)