Situational plays attract interest

AMARA HOLDINGS (34 cents) - Rebound in a downtrend

- There is no reversal of downtrend

- Prices are likely to move below support at 34 cents

- Earlier break below double top at 37 cents indicates target of 29 cents

- Resistance is at 37 cents

GUOCOLEISURE (58.5 cents) - Poised to break above moving average

- Rebound is underway

- Break above 60 cents would provide impetus to test 66 cents

- Support is at 54 cents

HO BEE INVESTMENT ($1.12) - Downtrend intact

- Range is likely to be quite tight

- Resistance is at $1.15

- Support is at $1.08

HOTEL GRAND CENTRAL (74 cents) - Attempting upturn

- White candle may provide prices with some upward momentum

- Current moves are liley to be a rebound in a downtrend

- Resistance is at 78 cents

- Support is at 74 cents

HOTEL PROPERTIES ($1.885) - Attempting breakout

- Prices are attempting to move above $1.91

- Resistance is at $2.02 and break above this level indicates upside of $2.34

- Support is at $1.88

POPULAR HOLDINGS (19.7 cents) - Uptrend intact

- Support for the decline is at 19.5 cents

- Technicals confirm the corrective phase

- Break below 19.5 cents indicate a downside of 16 cents

(Source:  TheEdgeSingapore June 18, 2012)

Blue chips attempt rebound

FRASER AND NEAVE ($6.55) – Rebound in a downtrend

-         Downtrend is quite clear

-         Dead cross between 50 and 100 day moving averages is likely to limit rebounds

-         Clear break below 200 day moving average would cause the decline to accelerate

CITY DEVELOPMENTS ($9.96) – Attempting rebound

-         Sharp decline is over for now

-         Resistance is at $10.50

-         Support is at $9.80

-         Sideways range could imply that prices are attempting to form a bottom

SINGAPORE TELECOMMUNIATIONS ($3.12) – Rebound in force

-         Price volatility continues

-         $3.11 to $3.12 level is likely to provide resistance on any rebound

-         Prices are likely to remain rangebound

-         Support is at $3.04

JARDINE C&C ($43.60) – Resistance at hand

-         Prices are in a rebound stage

-         Prices fell below a larger top at $44 indicating an eventual target of $38.

-         Breakdown level of $44 is likely to provide resistance

SINGAPORE EXCHANGE ($6.19) – Limited downside

-         There could be limited downside from now on

-         It may be that the $6 support holds and prices start a base formation

-         Resistance is at $6.35 level and the dead cross between 200 and 100 day moving averages will cap rebound

JARDINE MATHESON (US$48.79) – Meeting resistance

-         Prices have further to fall

-         Break below US$48 indicates a downside of US$43.20 initially and US$42 subsequently

(Source:  TheEdgeSingapore June 11 2012)

Blue chips mixed

CITY DEVELOPMENTS ($9.93) – Finding support?

-         Prices are unlikely to decline sharply in next few weeks

-         Support is at $9.80

-         Resistance is at $10.50

DBS GROUP HOLDINGS ($13.22) – Temporary bounce

-         Medium term technical outlook is deteriorating

-         Support is at $12.92

-         Breakdown would indicate a target of $11.80

-         Resistance is at $13.50

KEPPEL CORP ($9.99) – Temporary rebound

-         Resistance is at $10.50

-         Prices may ease

-         Break below support at $10.50 indicates a target of $9

SEMBCORP MARINE ($4.46) – Temporary rebound

-         Resistance appears at $4.65 to $4.68 level

-         On the whole, trend has turned down

-         Prices fell below $4.80 indicating a target of $4

SINGAPORE AIRLINES ($10.20) – Finding support

-         Short term indicators are neutral

-         Support is at $10 resistance is at $10.50

UNITED OVERSEAS BANK ($17.36) – Support/breakdown at hand

-         Prices are testing support at $17.33

-         Resistance appears at $18

-         Breakdown level was at $18 and downside is at $16.50

(Source:  TheEdgeSingapore 28 May 2012)