Property counters showing pockets of strength

CAPITALAND ($3.12) - Challenging resistance
- Counter has gained strength against the sector
- Breakout may not materialize yet
- Break above $3.23 would indicate a significant upside
- Support appears at 200 day moving average at $3.10

KEPPEL LAND ($3.27) - Facing resistance
- Volume has dwindled significantly suggesting that prices are still within consolidation/base formation
- Downside should be limited
- Support appears at $3.27
- Resistance is at $3.42

CITY DEVELOPMENTS ($9.41) - Starting to sag again
- Appears weaker than its large-cap peers
- Volume has dwindled, a sign of a base
- Downside is limited
- Prices may retest October low of $9.20
- Resistance is at $9.80

FRASERS CENTREPOINT ($1.605) - Decline persists
- Counter has the weakest chart among larger-cap stocks in the sector
- Prices appear poised to break below support at $1.59
- Break below support indicates downside for the stock with support at $1.40
- Resistance is at $1.66

SINGAPORE TELECOMMUNICATIONS ($3.80) - Attempting breakout
- Counter is attempting to push higher
- Prices could move above $3.80 to $3.84 range
- Immediate support is at $3.64 and a breakdown would point to retest of $3.35

GENTING SINGAOPRE ($1.04) - Attempting to halt
- Pace of decline of quarterly momentum has slowed significantly
- Suggest that declines are over and prices are likely to move sideways
- Support is at $1 but rebounds are unlikely to move much beyond $1.10 to $1.12 range

(Source:  TheEdgeSingapore November 10, 2014)

Oversold stocks await rebound

Keppel Corp ($9.36) - Finding support

- Counter is near, at the very least, an intermediate low

- New support is at $9.32

- Initial resistance is at $9.80

- Major support established in 2011 is at $8.60 to $8.65

Olam International ($2.09) - Downtrend to persist

- Earlier break below neckline formation indicated target of $2.08

- Temporary rebound is underway

- Downtrend has yet to run its course

- Prices are likely to move below October low of $2.03 towards $1.75

- Major support appears at $1.55

Golden Agri-Resources (51 cents) - Recovery underway

- Prices are in base formation

- Prices may have bottomed at 47 cents

- Break above 52 cents is needed to turn chart pattern more positive and this would indicate upside of 58 cents

Noble Group ($1.185) - Oversold pressures to trigger bounce

- Prices reached an intraday low of $1.12

- Hugh oversold pressures have built up which could trigger a bounce

- Resistance is at $1.25

- Downtrend has not run its course and may retest and break $1.12

Wilmar International ($3.18) - Attempting recovery

- Current moves are likely to be part of a broader base formation

- Immediate resistance appears at $3.18 to $3.20 range

- Breakout level for momentum is at its equilibrium line, which hasn't materialized yet

- When this occurs resistance is at $3.65 to $3.68 level

United Overseas Bank ($22.46) - Regains 200-day

- Prices have managed to regain 200 day moving average

- Prices have been on a downtrend since July

- Price resistance is at $22.54

- Breakout is required to provide upside which could be as high as $24

- Support is at 200 day moving average

(Source:  TheEdgeSingapore November 3 2014)

Quality stocks stage tentative rebound

SEMBCORP MARINE ($3.67) - Facing resistance

-          Prices tested the declining 50 day moving average

-          Largest falls could be over but a sustained upmove is weeks if not months away

-          Prices are likely to move sideways

-          Support appears at $3.58

SIA ENGINEERING ($4.60) - Attempting base formation

-          Over medium to longer term, counter may be attempting to form a base formation

-          Neckline likely to be established at $4.65

-          Resistance is at $4.65

-          A breakout is unlikely

SIA ($9.70) - Temporary support established

-          Prices are attempting to hold at current level

-          Since RSI is at its low, downside is likely to be limited

-          Rebound is likely to be limited to $9.80

SATS ($3.03) - Challenging resistance

-          Prices may ease from its current level of $3.02 to $3.05

-          Support is at $3

-          Near term range is likely to be narrow

-          A recovery is unlikely

ST ENGINEERING ($3.63) - Meets resistance

-          A temporary rebound is underway with resistance at $3.65 to $3.68

-          Downtrend is still in force

-          Quarterly momentum has formed  a positive divergence and should eventually lead to a breakout

-          Prices would be able to move above the $3.65 to $3.68 range and test $3.75 level

-          Support is at $3.54

TIGER AIRWAYS HOLDINGS (27 cents) - Endless decline?

-          Prices are in accelerated downtrend

-          Theoretical ex-rights price is around 23 cents and prices may stop their decline only when this level is reached

(Source:  TheEdgeSingapore October 27 2014)