Property stocks weighted down by fundamentals

CITY DEVELOPMENTS ($9.78) - Breaks support

-  Fallen below its 200 day moving average

- Short term indicators are oversold

- Initial resistance at $10.00

- Support is at $9.40

WING TAI HOLDINGS ($1.85) - Retreat underway

- Support appears at $1.67

- Resistance at $1.94 level

- Any rebound will likely remain weak

HO BEE LAND ($2.19) - Set for a retreat

- 200 day moving average may provide support

- Rebound is temporary with resistance at $2.24 to $2.25 level

- Support is at $2.18 level

- Break below support indicates target of $1.97

UOL GROUP ($6.33) - Correction sets in

- Broken below 100 day moving average and support at $6.44

- Breakdown indicates target of around $6.00

- Rebound likely to be temporary

- Resistance is at $6.44 level

HOTEL PROPERTIES ($4.19) - Support/breakdown at hand

- Prices are testing 50 day moving average and support level

- Next important support is at $4.00

- Main support is at $4.00 and a break below indicates downside of $3.60

FRASERS CENTREPOINT LTD ($1.755) - Looking good

- Prices are attempting to move above minor resistance

- Price rise could occur in early September

- Counter could retest its year high of $2.00

- Support is at $1.70

(Source:  TheEdgeSingapore August 18, 2014)

Rotational interest buoys some laggards

OVERSEA-CHINESE BANKING CORP ($10.17) - Upmove underway

- Moving averages are turning positive

- Advance has yet to run its course

- Break above $9.80 indicated a target of $11.20

HI-P INTERNATIONAL (68 cents) - Temporary retreat possible

- Temporary retreat is likely in the short term

- Minor resistance appears at 68.5 cents

- Support is at 63 cents

- Breakout above 63 cents indicated a target of 80 cents

KEPPEL LAND ($3.51)  - Correction sets in

- Breakout above $3.44 to $3.48 was not sustainable

- Successful break above $3.48 would indicate target of $3.80

- Fail point of breakout is at $3.48

- Short term moves are likely to be downwards

- If prices break below $3.48, next support is at $3.30

 CAPITALAND ($3.38) - Temporary retreat

- Counter is on an uptrend

- Temporary correction is underway

- Support appears at $3.30 to $3.35

- Breakout indicates target of $3.65

DBS GROUP HOLDINGS ($18.14) - Consolidation imminent

- Upsurge is either over or almost over

- Prices are set to retreat to $17.50

- Resistance is at $18.30

UNITED OVERSEAS BANK ($22.64) - Short-term oversold

- Largest declines are probably over

- In the short term prices should rebound

- Rebound is likely to meet resistance at $23.38

- Correction/consolidation phase is likely to continue after rebound

(Source:  The Edge Singapore August 11 2014)

Commodity stocks revival

WILMAR INTERNATIONAL ($3.50) - Breaks out of base

- Prices have broken out of neckline of multi-month base formation

- 50 day and 100 day moving averages have made a positive cross

- Breakout indicates target of $3.80

NOBLE GROUP ($1.03) - Uptrend to continue

- Prices are in recovery phase

- 50 day and 100 day moving averages have made a positive cross

- Short term indicators are at the high end of their range

- Break above $1 indicates target of $1.20

OLAM INTERNATIONAL ($1.565) - Attempting recovery

- Counter broke above a double-bottom base formation

- Quarterly momentum has languished

- There is a probability that breakout is unsustainable

- Support appears at $1.49

- Resistance is at $1.64

GOLDEN AGRI-RESOURCES (60 cents) - Attempting to rally

- Prices are challenging three times tested resistance level at 56 cents

- Quarterly momentum has broke out of resistance

- Successful break is possible which indicates target of 68 cents

- Support is at 57 cents

FIRST RESOURCES ($1.95) - Poised for breakout

- Prices are in a resistance area

- Quarterly momentum is rising strongly

- Indicators are supportive of breakout above $1.95

- Breakout would indicate target of $2.25

- Support is at $1.92

INDOFOOD AGRI RESOURCES (91 cents) - Base formation underway

- Prices are attempting to strengthen

- A break above quarterly momentum equilibrium line would trigger break above 90 cents

- Break indicates target of $1.08

(Sources:  TheEdgeSingapore November 4, 2013)