Playing by proxy

NOBLE GROUP ($1.68) – Breaks out of downtrend

-        Prices have broken out of a downtrend

-        Current moves are probably part of a broader base formation with neckline at $1.71

-        Eventual break above this level indicates a target of $1.90

ABTERRA ($1.31) – The new role

-        Prices have broken out of their 50 day moving average and 100 day moving average

-        Resistance appears at $1.52

-        Next resistance  is at $1.65

WILMAR INTERNATIONAL ($6.35) – Fading glory

-        Last Wednesday, the 50 day moving average crossed above the 100 day moving average

-        Breakout level is at $6.48

-        Successful break indicates a target of $7

-        Nomura Securities has a target of $8.24

KENCANA AGRI (38.5 cents) – Attractive target

-        Prices will likely continue on their uptrend

-        Breakout level is at 39 cents

-        Successful breakout would indicate a measuring objective of 45 cents initially and 50 cents eventually

CHINA AVIATION OIL ($1.47) – Turning up

-        Prices are hovering just above support level at $1.42

-        Resistance is at $1.47

-        A successful break indicates a target of $1.70

OLAM INTERNATIONAL ($2.72) – No clear leads

-        There is no clear trend

-        Resistance appears at $2.80

-        Support has been established at $2.50

(Source: TheEdgeSingapore September 13 2010)

Property stocks a mixed bag

ALLGREEN PROPERTIES ($1.06) – Start of a trend?

-        Prices should be able to find support around $1 to $1.04 range

-        Resistance is at $1.16

-        There is potential of a fairly good downtrend

GUOCOLAND ($2.14) – At support

-        Support appears at $2.10

-        Break above $2.19 would indicate an all round stronger phase ahead and lead to a significant upside target

WHEELOCK PROPERTIES ($1.81) – Gains strength against sector

-        Prices have been rangebound for much of the year

-        Resistance is at $1.92

-        Support has been established at $1.75

CITY DEVELOPMENTS ($11.18) – Testing support

-        Prices have fallen sharply but the 200 day moving average halted the decline

-        $10.97 level may hold in the near term but any rebound will likely find resistance at $11.70

-        Break below $10.97 would indicate a significant downside target

UOL GROUP ($4.02) – Tight range

-        Prices are unlikely to move strongly upwards

-        Near term moves will probably be in a tight range

-        Resistance is at $4.02. 

WING TAI HOLDINGS ($1.62) – Breaks below moving averages

-        The decline following the break below $1.68 has yet to run its course

-        There is some support at $1.55.  More substantial support appears at $1.30

-        Any rebound finds resistance at $1.68

(Source: TheEdgeSingapore September 6 2010)

Singing the blues

CAPITALAND ($4.01) – Support holds

-        Support appears at $3.90

-        Resistance is at $4.10

-        A breakout is unlikely in the near term and prices will stay range-bound

DBS GROUP HOLDINGS ($13.66) – Breaking down

-        Support appears at $13.44

-        Prices may continue to decline towards support

-        Further out, the stock is likely to trade in a range

KEPPEL CORP ($8.74) – At support

-        Hanging on to support

-        Support near current levels at $8.68

-        Upside is likely to be capped

-        Resistance is at $9

SINGAPORE AIRLINES ($15.44) – Moving towards support

-        Support is at $15.10

-        Resistance appears at $16

-        Prices should be able to hold above $15.10

-        Strong upmove is unlikely in the next few weeks.  Set to remain in a trading range

SINGAPORE TELECOMMUNICATIONS ($3.01) – Surprise gain

-        The key is to break above $3.04. 

-        If that occurs, there is an upside target of $3.50

WILMAR INTERNATIONAL ($6.18) – At support

-        Prices are at the confluence of support and rising 50 day moving average at $6.10

-        Break below $6.10 would cause a drop to $5.50

-        Prices may likely ease in the short term but overall is likely to trade within a range

-        Resistance is at $6.60

(Source: TheEdgeSingapore August 30, 2010)