Jardine Group makes a splash

MANDARIN ORIENTAL (US$1.96) – Upside target to be met
- Earlier break above US$1.75 indicated a target of US$2.15
- Indicators are suggesting further upmove
- Prices may be a able to re-test high of US$2.81 by the time the uptrend has run its course

DIARY FARM (US$8.02) – Poised for breakout
- Prices appear poised for a break above US$8.10
- Successful break indicates target of US$9

HONGKONG LAND (US$7.19) – Upside target set
- Prices broke out into a new all-time high last week
- There is a target of US$8 following an earlier break above US$5.40

JARDINE CYCYLE & CARRIAGE ($39.10) – Attempting breakout
- It is testing the year’s high and all-time high at current levels
- Breakout indicates target of $44
- Support is at $38.76

JARDINE MATHESON HOLDINGS (US$47.52) – Attempting breakout
- Resistance is at US$47.70
- Break above this level indicates a target of US$56.70
- Risk reward ratios look increasingly unfavourable

JARDINE STRATEGIC HOLDINGS (US$27.26) – Regains 50 day moving average
- Prices managed to regain its 50 day moving last week
- Resistance is at US$27.70
- Break would catapult prices to new high of US$30

(Source: TheEdgeSingapore November 8 2010)

The meteor effect

SINGAPORE EXCHANGE ($8.88) - May move into a range
- Stock could experience a period of sideways ranging
- Support at $8.60 and resistance at $9
- Eventually a breakdown would provide the next downside objective

GENTING HONG KONG (45 US cents) - Testing support
- This counter's meteoric rise may well be over for the time being
- Prices appear to be building a top formation
- Breakdown would indicate a downside objective of 32 US cents

GMG GLOBAL (30 cents) - In a peaking process
- Support appears at 28 cents
- Break below would end the uptrend
- 50 day moving average is at 26 cents

SUNVIC CHEMICAL HOLDINGS (63.5 cents) - Waiting for its downturn
- Nearest support is at 48 cents and that isn't very strong
- Initial downside is at 43 cents

PAN-UNITED CORP (57 cents) - Retreat in force
- There is some support at current levels at 55 cents
- Resistance is at 60 cents

BIOSENSORS INTERNATIONAL ($1.10) - Breaks out
- This is the stock that still looks positive
- Prices broke out of $1.10 setting at target of $1.26
- Break below $1.10 would mean that all bets are off

(Source: TheEdgeSingapore November 1 2010)

Fatigued blue chips take a rest

DBS GROUP ($14.36) – Rangebound
- Support will likely appear at $14.12 to $14.15
- Resistance is at $14.90
- Prices are unlikely to break out or downward in the next 2 weeks
- Further out pressures may actually be downwards

GENTING SINGAPORE ($2.22) – Still intact
- Break above $2.18 gives a measuring objective of $2.51
- This remains valid unless price is unable to hold above $2.18

SINGAPORE AIRLINES ($15.76) – Getting ready to descend
- Prices are current at support
- $15.90 is looking like the neckline of a top formation
- Break downward would indicate a minimum target of $15.20

KEPPEL CORP ($9.71) – Fatigues sets in
- Uptrend remains intact and any correction should be temporary
- Support appears at $9.30
- It remains to be seen whether prices can clear $9.85

JARDINE MATHESON (US$44.40) – Building a top
- Technicals do not look very promising
- Break below US$44.45 would indicate an immediate target of $40
- Resistance is at US$48

SINGAPORE TELECOMMUNICATIONS ($3.07) – Losing connection
- Resistance is at $3.15 level
- Support is at $3.04 to $3.05
- Break below this level indicates an immediate downside to $2.85

(Source: TheEdgeSingapore October 25 2010)