Water stocks and environment plays mixed

LEADER ENVIRONMENTAL TECHNOLOGIES (5.3 cents) - Set for a decline

 - Managed to rebound off a six month low

- Prices are set to fall to at least 5 cents

-Resistance is at 6.2 cents

MEMTECH INTERNATONAL (11.4 cents) - Should rally

- Prices could be attempting to form  a bull flag

- Break above 10.8 cents indicates an immediate upside of 12.5 cents

- Move below 10.8 cents would invalidate the bull flag

DARCO WATER TECHNOLOGIES (2.9 cents) - Attempting recovery

- Quarterly momentum has turned up from oversold levels

- Genuine buying has started with white candle days accompanied by volume expansion

- Successful break above 2.9 cents would indicate a target of 4.1 cents

RENEWABLE ENERGY ASIA GROUP (2 cents) - Confirms further decline

- Chart pattern is extremely negative

- Support has been established at 1.6cents

- Break below this level completes a bear flag

CHINA EVERBRIGHT WATER (93 cents) - Poised for breakdown

- Prices appear to break below support at 93 cents

- Prices are set to continue lower

- Breakdown would indicate target of around 70 cents

- Probability of rebound is low

SIIC ENVIRONMENT HOLDINGS (14.5 cents) - Challenging resistance

- Prices are approaching the top formation at 14 cents

- There is a good chance that the counter will attempt a breakout

- Target is at 17 cents

(Source:  TheEdgeSingapore March 16 2015)

No rerating trigger for property stocks

KEPPEL LAND ($3.49) - Gains relative strength
- Quarterly momentum is rising
- 50 and 100 day moving averages have just formed a positive cross
- Resistance is at $3.48
- Breakout indicates target of $3.65

CAPITALAND ($3.26) - Support at hand
- Chart pattern has weakened
- Prices are testing confluence of 100 and 200 day moving averages
- Resistance appears at $3.34
- Successful breakout is unlikely

CITY DEVELOPMENTS ($10.05) - Could rebound
- Prices are consolidating their recent gains
- Prices should attempt a rebound soon
- Resistance appears at $10.35 level

UOL GROUP ($6.75) - Temporary retreat
- Prices have moved marginally below 50 day moving averages
- 100 and 200 day moving averages have converged in a positive signal
- Prices may retest their high

WING TAI HOLDINGS ($1.665) - Forming base
- Prices are attempting to build a reverse head and shoulders formation
- Support is at $1.66
- Resistance is at $1.72

FRASERS CENTREPOINT ($1.665) - Sideways range
- Tight sideways range is likely to persist
- Support is established at $1.65
- Resistance appears at $1.70
- Probability of breakout appears relatively low at present

(Source:  TheEdgeSingapore January 19 2015)

Offshore plays searching for support

SEMBCORP INDUSTRIES ($4.20) - Testing bottom of base
- Trying to find support at $4.12 to $4.16
- Prices may bound around the $4.20 level
- Resistance is at $4.40

EZION HOLDINGS ($1.10) - Trying to form a bottom
- Volume has been declining as prices fell
- At most prices may drift marginally below $1
- Resistance is at $1.135

EZRA HOLDINGS (54 cents) - Downtrend persists
- Temporary rebound is imminent
- Resistance appears at 59.5 cents
- Earlier break below 59.5 cents indicated target of 43 cents

KEPPEL CORP ($8.44) - Initial bounce, builds a base
- Volume started contracting as prices drifted lower
- Current rebound may find resistance at $8.70
- Prices have yet to establish a base
- Recent low of $8.01 and $7.91 should be viewed as support

NAM CHEONG (30.5 cents) - Downtrend underway
- Decline has just started
- Prices made a low of 29.5 cents on Dec 15
- Resistance is at 35 cents
- Target of 24 cents is likely to be reached

SEMBCORP MARINE ($3.12) - Starting base formation
- Bottom can only be confirmed if prices re-test their low of $2.85 and rebound
- Prices are unlikely to break above 50 day moving average before Christmas
- In the short term, prices may start to ease

(Source:  TheEdgeSingapore December 22 2014)