Situational plays surge on rotational interest

AEM HOLDINGS ($1.66) - Uptrend overextended

- Prices have accelerated following a brief pause

- There should be some upside

- Next resistance is likely to be $1.80

- Support is at $1.55

UMS HOLDINGS (75.5 cents) - Up-move continues

- There are no signs that the uptrend is likely to stop

- Prices appear to have broken above 74 cents potentially forming a bull flag

- In this event, upside is at 81 cents

- Traders should keep a tight stop loss at 71 cents

HI-P INTERNATIONAL (57 cents) - Uptrend to resume

- Uptrend is likely to continue

- In the immediate term, stochastics has turned down and this could cause a short-term sideways movement

- Prices should be able to break above 55 cents and test 72 cents

FISCHER TECH ($1.98) - Limited upside

- Prices have been fluctuating within a narrow sideways range

- Prices should continue to push ahead

- Prices have broken above $1.91 and are likely to move towards $2.10

- Since prices have almost doubled in past 12 months, upside is probably limited

CREATIVE TECHNOLOGY ($1.16) - Temporary consolidation

- Short term moves are likely to be lower

- Support should appear at $1.13 to $1.15

- When the upclimb resumes, resistance is at $1.49

HONG FOK CORP (77.5 cents) - Breaks out of one-year range

- The sharp up-move should continue

- Breakout indicates an initial upside of 85 cents and eventual target of $1

- Indicators suggest a sustained up-climb

(Source:  TheEdgeSingapore March 13 2017)

Offshore plays attempt to regain buoyancy

YANGZIJIANG SHIPBUILDING ($1.02) - Uptrend intact
- Prices have broken minor resistance at 94 cents indicating target of $1.08 to $1.10
- Fundamentals may be deteriorating but technically indicators show a strengthening trend
- Support is at 98 cents below which prices are likely to move into a consolidation phase

SEMBCORP INDUSTRIES ($3.26) - Starts to struggle
- There could be some loss of upward momentum
- Main uptrend remains very much in force but counter could be getting ready for sideways range
- Price support appears at $3.09

MERMAID MARITIME (22 cents) - Consolidation underway
- Prices are set to move into a sideways range
- Indicators are suggesting that prices could be in top formation or sideways consolidation with neckline at 19.6 cents
- Resistance is at 24 cents

KEPPEL CORP ($7.22) - Uptrend stays resilient
- Uptrend appears to be overextended
- Next important layer of resistance appears at $7.29 to $7.31
- Price support appears at $6.87 but should be raised to $7 if prices hold above $7.20

SEMBCORP MARINE ($1.935) - Overextended high
- Chart shows a bull flag formation indicating further upside of $2.02
- Based on formation of quarterly momentum there could be further upside
- Prices could go higher but they would have difficulty going much higher
- Support is at $1.72

PACC OFFSHORE SERVICES HOLDINGS (36.5 cents) - Consolidation phase
- Prices have eased towards earlier breakout level of 35 cents
- Prices are near support area
- Moving averages are positively placed.  If 100 and 200 day moving averages are able to draw apart in a rising trend, that would indicate continuation of the up-move

(Source:  TheEdgeSingapore March 6 2017)

Telco breakouts fail as mid-cap property stocks rise

STARHUB ($2.76) - At oversold low
- Counter has been particularly weak
- Indicators are not in extreme oversold territory yet
- Selling pressure will take time to subside
- Immediate support is at $2.75 level

M1 ($2.01) - Prices regain moving average
- At present annual momentum is flat after a major divergence with price
- Short term indicators are relatively neutral
- Resistance/breakout stays at $2.04

SIA ENGINEERING ($3.64) - Approaching target and resistance
- Prices have cleared the declining 100 day moving average
- As prices approach resistance quarterly momentum is likely to encounter resistance
- Correction/consolidation should meet with support at $3.54
- Prices are unlikely to break above 200 day moving average at first attempt

CHIP ENG SENG (68 cents) - Buying demand builds
- Convergence of moving averages indicates higher prices ahead
- Break above 66 cents indicates an initial target of 72 cents
- The only negative is the high level of short term stochastics
- Support is at 66 cents

OUE ($1.985) - Reaching overbought levels
- Prices are at one year high
- Chart pattern indicates an accelerated up-move
- If prices drop below $1.90, accelerated up-move will be breached.  Major support is at $1.84
- Next major resistance is at $2.22

SING HOLDINGS (34 cents) - Facing strong resistance
- Counter could start to gain strength
- Resistance is at 34 cent level
- A successful break would indicate target of 42 cents
- Any consolidation is likely to be sideways with support at 32 cents

(Source:  TheEdgeSingapore, February 13 2017)