Mixed bag for index components

KEPPEL CORP ($10.82) – Intact, gains relative strength
- Resistance has been established at $11
- Prices may ease slightly
- Support appears at $10.50
- Break above $11 would indicate a new upside target

FRASER & NEAVE ($6.38) – Hanging on for dear life
- Prices could be in top formation
- In the short term prices could rebound
- Rebound could face resistance at $6.38 and $6.50
- Neckline is at $6.09
- Break would indicate a target of $5.15

JARDINE MATHESON ($45.20) – Approaching neckline of top formation
- Prices appears to be building a top
- Currently testing neckline at $43.60
- Short term direction likely to be upwards
- Resistance is at $48
- Breakdown indicate a target of $33

NEPTUNE ORIENT LINES ($2.23) – Stays afloat
- Displaying greater relative strength
- Prices bounced off 50 day moving average at $2.10
- Resistance is at $2.28

SINGAPORE AIRLINES ($15.80) – Clear skies ahead
- Prices managed to hold near 100 day moving average
- Short term direction likely to be upwards
- Resistance appears at $16.11

SINGAPORE TELECOMMUNICATIONS ($3.13) – Rebound under way
- Prices have rebounded off support at $3.04 to $3.05 range
- There is not a clear uptrend or downtrend.
- Prices in wide trading range
- Resistance is at $3.30

(Source: TheEdgeSingapore December 6 2010)

Property stocks fall earthwards

CITY DEVELOPMENTS ($12.34) – Breaks double top
- Prices broke below double top at start of the week
- Breakdown indicates target of $11.60
- Resistance is at $13

CAPITALAND ($3.73) – Downtrend in force
- One of the weakest in the property sector
- Technicals point to a temporary rebound
- Resistance appears at $3.80 and $4
- There is some support at $3.70 but more meaningful support appears at $3.50

ALLGREEN PROPERTIES ($1.16) – Testing support
- Prices are testing support at $1.16
- Break below $1.16 cannot be ruled out. If it breaks, it would indicate a target of $1
- Resistance is at $1.20

KEPPEL LAND ($4.63) – Retreat under way
- Strongest counter in a weak sector
- Initial support is at $4.38
- Inability to test $5 would set the counter up for a top formation

WING TAI HOLDINGS ($1.75) – At support
- Prices are testing support at $1.72
- Breakdown would indicate a target of $1.56
- Resistance is at $1.85

SC GLOBAL ($1.60) – Poised for a breakdown
- Prices look set to sink
- Support is at $1.55
- A breakdown through support would indicate a target of $1.35
- Resistance is at $1.67

(Sources: TheEdgeSingapore November 29, 2010)

Price inflation no help to commodity plays

GOLDEN AGRI-RESOURCES (72 cents) – Retreat underway
- Prices are now suggesting an all-round easier phase ahead
- Prices should not fall below 69 to 70 cents for uptrend to remain intact
- Resistance is at 77 cents

WILMAR INTERNATIONAL ($6.25) – Poised for breakdown
- Prices are now sitting on a confluence of supports at $6.25 to $6.30 level
- Indicators do not point to any strong upmove either
- Break below $6.30 points to a decline to $5.50

OLAM INTERNATIONAL ($3.10) – Forming triple-top
- Prices may break down below the neckline of triple top
- Break down would indicate a target of $2.70

NOBLE GROUP ($2.08) – Retreat underway
- Original break above $2.50 indicated a target of $3.16
- In the short term, prices are likely to ease towards breakout level

INDOFOOD AGRI ($2.65) – Set to ease
- Prices are in sharp retreat
- Immediate support is at $2
- The still rising 50 day moving average is at $1.92. If this gives way, and it looks likely, prices could fall to $1.78

GOLDEN PALM RESOURCES (35 cents) – That sinking feeling
- Prices are sinking into the breakout level at 36 cents
- Price support appears at 35 cents
- Resistance is at 39 cents

(Source: TheEdgeSingapore November 22, 2010)