The worth of water

UNITED ENVIROTECH (49 cents) – Market leader

-        Prices reached 55 cents last year

-        Break above 45 cents indicates a target of 55 cents

-        Technically the share price has surged to an overextended level

BIO-TREAT TECHNOLOGY (8 cents) – Poised for a breakout

-        Support has been established at 7 cents

-        Prices are trading within a tight range

-        A breakout on significant volume would change the boring character of this chart and indicates an initial target of 11 cents.

SOUND GLOBAL (74.5 cents) – Base formation

-        Resistance appears at 76 cents

-        A breakout is unlikely in the near term

-        A successful break above 76 cents indicates a target of 84 cents

-        Support is at 72 cents

MEMSTAR TECHNOLOGY (8.5 cents) – Double bottom

-        A successful break indicates a target of 11 cents

-        Quarterly momentum is rising

SINOMEM TECHNOLOGY (51 cents) – Flat-top broadening formation

-        The neckline/breakout level is at 52 cents

-        A successful break indicates a target of 60 cents

-        Price should not fall below 50 cents if the outlook is bullish

ASIA ENVIRONMENT HOLDINGS (17.5 cents) – Breaking out of a base

-        Prices have yet to decisively clear resistance at 17 cents

-        A breakout indicates a target of 21 cents

-        Prices have a good chance of attaining its target

(Source: TheEdgeSingapore 20 September 2010)

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)