Myanmar stocks oversold

AUSSINO (22 cents) – Volatility to continue

-         Temporary rebound is in force

-         Resistance at 21 cents

-         Move above 22.4 cents would be difficult

-         Support is at 16.3 cents

INTERRA RESOURCES (43 cents) – Temporary bounce, lower later

-         Resistance is at 48 cents

-         Prices are in downtrend

-         200 day moving averages provides some support at 38 cents

-         Break below 48 cents indicates target of 28 cents

IPCO (2.8 cents) – Temporary rebound

-         Any rebound is likely to be temporary

-         Resistance appears at 3 cents

-         Support is around 1.9 cents

NTEGRATOR (8.8 cents) – Some weakness ahead

-         Resistance is at 9.9 cents

-         Prices will probably fall after rebound

-         Support is at 4.8 cents

WE HOLDINGS (7 cents) – Short-term oversold

-         Rebound is imminent

-         Resistance is unlikely to go beyond 10 cents

-         Low of 5.4 cents may hold for now

YOMA STRATEGIC (75.5 cents) – Poised to break uptrend

-         Break below 72 cents would complete top formation with target of 54 cents

-         Prices are likely to have turned down

-         Resistance is at 81 cents

(Source:  TheEdgeSingapore, March 18 2013)

Interest turns to infrastructure

SIN HENG HEAVY MACHINERY (27 cents) – In a consolidation phase

-         Prices are in consolidation phase

-         Support appears at 26 cents

-         Prices could challenge 29 cents

-         Successful break indicates an objective of 38 cents

TAT HONG HOLDINGS ($1.50) – In a consolidation phase

-         Temporary correction is underway

-         Support appears at $1.50

-         Resistance is at $1.55

-         Break above $1.55 indicates an upside of $1.70

TIONG WOON (37 cents) – Set for correction

-         Prices are poised to start temporary consolidation

-         Support for move is at 35.5 cents

-         Quarterly momentum is still rising

-         Resistance is at 40 cents

-         Successful break indicates target of 48 cents

TTJ HOLDINGS (32 cents) – Forming bull flag

-         Prices are forming a bull flag

-         Break above 33 cents indicates upside of 41 cents

-         Break below 31 cents would invalid bull flag

YONGNAM HOLDINGS (28 cents) – Upmove intact

-         Prices could still push higher

-         Resistance is at 29 cents to 30 cents range

-         Support is at 27 cents

PAN-UNITED CORP (94.5 cents) – Set for downturn

-         Prices are in consolidation phase

-         Break below 94 cents would be negative causing prices to fall towards 85 cents

(Source:  TheEdgeSingapore, February 25 2013)

Tech stocks remain resilient

BROADWAY INDUSTRIAL GROUP (34 cents) – Breakout fails
- Prices have moved below 34.5 cents
- Support is at 32 cents
- 50 and 100 day moving averages are poised for positive cross and should limit retreat

STATS CHIPPAC (45.5 cents) – Temporary retreat
- Prices retreated following test of 53 cents
- Support is at 44 to 45 cent range
- Uptrend is intact
- Break above 44 cents indicates target of 60 cents

UMS HOLDINGS (46 cents) – Set for rebound
- Technical indicators are strengthening
- Support is at 45 cents
- Resistance is at 49 cents

AMTEK ENGINEERING (58 cents) – Facing resistance
- Declining 200 day moving average is providing resistance
- Prices moved above resistance level at 55 to 56 cents setting a target of 63 cents
- Support is at 53.5 cents

INNOTEK (37 cents) – Continues consolidation
- Resistance is at 37 to 38 cent area
- 50 and 100 day moving averages have made a positive cross
- Support is at 35 cents

ASTI HOLDINGS (8.2 cents) – Temporary retreat
- Prices have moved above 8 cent mark on relatively high volume
- Earlier break above 7.3 cents indicated target of 9 cents
- Downside is likely to be limited
- Support raised to 8 cents

(Source:  TheEdgeSingapore February 11 2013)