Losing bets

GENTING SINGAPORE ($1.86) – Support at $1.74

-        Both short term and medium term indicators are declining

-        Support appears at $1.74

-        Looks very much like the largest gains could be over for the time being

GENTING HONG KONG (42.5 US cents) – Support at 40 US cents

-        Short and medium term indicators are falling

-        Quarterly momentum looks more resilient

-        Support is at 40 US cents

-        A failure to halt decline at this level would mean a sharp decline to 29 US cents

MANDARIN ORIENTAL (US$1.71) – Trading below NAV

-        Prices appear poised for a breakout. Target is US$2.12

-        This could be the next privatization target

GALLANT VENTURES (25 cents) – Flagging prices

-        Prices and quarterly momentum are weak

-        Resistance has been established at 28 cent level

-        Support is at 22 cents

BANYAN TREE (88 cents) – Inert for now

-        Chart suggests limited investor and punter interest

-        Support is at 85 cents

-        Resistance is at 89 cents

-        Breakout is unlikely but a breakdown could occur out of sheer inertia

FRAGRANCE GROUP (65 cents) – Sudden interest

-        Technically prices look like they have broken out of a downtrend at 55 cents

-        Resistance is at 71 cents

(Source: TheEdgeSingapore October 4 2010)

Tech breaks on the upside

HI-P INTERNATIONAL (99 cents) – Market leader

-        Last Wednesday prices formed a  shooting star

-        Shooting star occurs after a gap.  If it is covered, then the gap will turn into an exhaustion gap

-        Prices have to stay above 94 cents for upmove to remain intact

-        Resistance is at $1.04

GLOBAL TESTING CORP (8.5 cents) – Poised for break

-        Break above the moving average occurred at 8 cents

-        A move above 8.5 cents would cause a break out of the downtrend line

-        Resistance is initially at 10.5 cents

FU YU CORP (14 cents) – Poised for breakout

-        Prices are currently forming an equilateral triangle

-        The breakout level is at 14 cents and a successful break indicates a target of 18 cents

-        Support is at current levels and prices should be moving higher

MEIBAN GROUP (33 cents) – Possible bull flag

-        Prices could be attempting to form a bull flag

-        A break above 34.5 cents would confirm the bull flag and indicate a target of 42 cents

MIYOSHI PRECISION (16.5 cents) – Breaking out of a downtrend

-        Prices broke out of a downtrend at 15 cents earlier this month on significant rise in volume

-        Resistance is at 18 cents initially and 20 cents subsequently

-        Upmove is likely to be gradual initially and gathering steam eventually

UMS HOLDINGS (48 cents) – Breaks out of resistance

-        Price broke out of resistance at 44 cents last week, indicating an objective of 63 cents

-        Break took place on very high volume

-        Prices may reach the target first before a proper correction take place

(Source: TheEdgeSingapore September 27 2010)

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)