CAPITAMALLS ASIA ($2.28) – Breaks out of resistance
- Breaks above the several times tested resistance at $2.23 to $2.25 range
- Measuring objective is at $2.59
- As long as prices hold above the breakout level, the target is well within reach
CAPITALAND ($4.21) – Breaks out of resistance
- Prices have broken out of three-times-tested resistance at $4.15
- Break indicates a target of $4.83
- Support is at $4.15
GUOCOLAND ($2.41) – Set to test one-year high
- Prices broke out of several times tested resistance at $2.22
- Break indicates a target of $2.56
BROTHERS (HOLDINGS) (17.5 cents) – Attempting breakout
- Prices appear to have moved out of a narrow range
- Resistance appears at 21 cents
- Indicators confirm a firmer phase ahead
- Support is at 16 cents
CWT (96.5 cents) – Poised to pounce
- Looks like it is about to rally from current levels
- Break above $1.02 would take prices out of resistance and indicate a target of $1.26
- Support is at 95 cents
ARA ASSET MANAGEMENT ($1.32) – Superior relative strength
- This is one of the strongest stocks in the market
- Earlier break above $1.15 indicates a measuring objective of $1.44
- Support is at $1.15
(Source: TheEdgeSingapore October 11 2010)
Saturday, October 9, 2010
Saturday, October 2, 2010
Losing bets
GENTING SINGAPORE
- 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)
Saturday, September 25, 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)
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