Strong oversold pressures fail to trigger bounce

DBS GROUP HOLDINGS ($13.77) - Oversold pressures build

- Counter remains under selling pressure

- Annual momentum continues to fall

- Next support appears at $13.66

- Book value is at $15.42

KEPPEL CORP ($4.80) - Finds temporary support

- Counter could start to stabilise

- Quarterly momentum is at a low point and directional movement is at overextended level

- Prices have breached its downside target of $5.40

- Next support is at $3.66

UNITED OVERSEAS BANK ($17.07) - Attempts to find a floor

- Counter has a downside target of $16

- Prices are attempting to hold at $17 and prices may rebound temporarily

- Annual momentum has found support at a previous low which could mitigate the decline

OVERSEAS-CHINESE BANKING CORP ($7.57) - Extreme oversold readings

- Counter broke thrice tested support at $8.62

- Break indicates target of $7.50

- Prices are at their furthest point away from 200 day moving average indicating probability of a temporary bounce

SEMBCORP INDUSTRIES ($2.19) - Downtrend continues

- The long decline shows no signs of letting up

- Prices are $1.45 below the 200 day moving average, the largest gap since the global financial crisis

- Prices should attempt a rebound

- Support level during global financial crisis was at $1.80

SEMBCORP MARINE ($1.50) - Temporary rebound

- Counters appears to have found a floor following its test of $1.30

- Quarterly momentum remains in a downtrend

- Immediate resistance is at $1.66

(Source:  TheEdgeSingapore, January 25 2016)

Oversold offshore stocks set for bounce, transport stocks lacklustre

COMFORTDELGRO ($2.97) - Could breach support

- Prices testing support area around $2.90

- Directional movement indicates that prices could fall below $2.90

- If prices break support, target of $2.70 is indicated

- Resistance is at $3.08

SATS ($3.85) - Building a top

- Signs of fatigue are setting in

- Directional movement suggests possible turn from uptrend

- Breakdown point is $3.81

- Prices are likely to trend sideways

- Resistance is at $4.03

SINGAPORE AIRLINES ($11.04) - Could challenge resistance

- Prices are hovering around support

- Indicators point to strength ahead

- Resistance appears at $11.10

- Prices may continue to trend sideways before attempting to breakout

- Successful breakout indicates target of $12.20

SEMBCORP INDUSTRIES ($3.04) - Short-term extensively oversold

- Prices are attempting to form support at $3

- Prices are ready for a rebound with resistance at $3.18

- They could then move sideways to build more of a base

SEMBCORP MARINE ($1.785) - Temporary bounce, downtrend intact

- Prices are at lowest level since 2008

- Downtrend is entrenched

- Prices are likely to form a new lower resistance level around $1.85

- Support is at $1.65 and this may well be breached

SMRT CORP ($1.475) - Facing resistance

- Prices are likely to weaken if they sink below support at $1.41

- Technical indicators confirm a weaker phase ahead

- Support appears at $1.35

- Resistance is at $1.50

(Source:  TheEdgeSingapore December 21, 2015)

Rotational interest drives short term gains

SUNMOON FOOD CO (8.4 cents) - Somewhat overstretched

- Prices have probably run ahead f themselves

- Quarterly momentum looks bullish

- In the short term prices may push higher but it is likely that the largest gains are over

- Resistance at 10 cents

- Support at 6.8 cents

TT INTERNATIONAL (8.7 cents) - Poised for breakout

- Prices could pause temporarily

- Support appears at 7.4 cents

- Prices have potential to move higher

- If prices break 9.1 cents, target of 13.2 cents is indicated

MEMSTAR TECHNOLOGY (1.2 cents) - Could start base formation

- Prices are still in a downtrend

- 1.5 cent level could turn out to be the top of a broader base formation

- 1.2 cent level should be seen as stop loss support level

WILLAS-ARRAY ELECTRONICS HOLDINGS (67 cents) - Breaks out of resistance

- Quarterly momentum has moved above resistance

- Directional movement is turning up

- Resistance appears at 78 cents

SINGAPORE O&G (81 cents) - Gains strength

- Counter continues to gain strength

- Uptrend remains intact

- Break above 78 cents indicates target of 93 cents

UNITED FOOD HOLDINGS (17.5 cents) - Could gain strength

- Quarterly momentum is showing signs of turning up

- Breakout of 18.3 cents would garner more interest

- Support is at 15.6 cents

(Source:  TheEdgeSingapore December 7 2015)