Blue-chips sing the blues

DBS GROUP ($13) - Breaks out of resistance

- A break below $10.67 would be negative and indicate a target of around $7

- Resistance is at $14

UOB ($17.40) - Technically the strongest bank

- Support at $16.50

- Prices appear unlikely to break out on the upside

KEPPEL CORP ($8.15) - Stuck in sideways range

- A break below $8 would indicate a downside objective

- A break out of $8.24 would be good for the stock

SINGAPORE AIRLINES ($14.08) - Rebounds off uptrend

- A break below $13.70 would cause a break below the uptrend line

- Resistance at $14.50

OCBC BANK ($7.63) - Trading below 50 day moving average

- Support is at $7.50 level

- A break below support level would indicate a downside objective and complete a top formation

- A break above $7.73 would negate this gloomy picture

JARDINE C&C ($25.18) - Seen its best

- Support is at $24.18

- Resistance is at $26.50

- Probability of a breakout is low

Going offshore

OLAM INTERNATIONAL ($2.73) - Breaks out of resistance

- Break above $2.62 indicates a target of $3

- Stoploss level should be at $2.62

NOBLE GROUP ($2.66) - Uptrend continues

- On clear uptrend

- The 2008 closing high was at $2.81, this will pose some resistance

- Support is at $2.50

EZION HOLDINGS (81.5 cents) - Challenging resistance

- Immediate resistance is near current levels

- Analysts have targets of around $1

FALCON ENERGY (88 cents) - Rebounds off moving average

- Support at 83 cents

- Resistance at 90 cents

- Break above 90 cents would indicate a target of $1.05

EZRA HOLDINGS ($1.97) - At resistance

- Prices are at resistance

- Any retreat will likely meet with resistance at $1.80

C2O HOLDINGS (47.5 cents) - Needs to rebound fast

- Prices are barely holding on the 50 day moving average at 47 cents

- Resistance at 50 cents

- A break below 47 cents would lead to a measured move on the downside

Trade cautiously

UNITED ENVIROTECH (38.5 cents) - Finding support

- It has retraced a significant amount of its upmove

- Current 50 day moving average at 26 cents

- Resistance at 45 cents

EPURE INTERNATIONAL (59 cents) - Regains 50 day moving average

- Resistance is the twice tested 64 cent level

- It is unlikely to be sufficient to sustain a breakout at this stage

SINOTEL TECHNOLOGIES (60 cents) - Some weakness sets in

- Trend remains intact

- Resistance at 69 cents

- Support at 55 cents

CHINA TAISAN (23.5 cents) - Rebound in force

- Prices could attempt to challenge the 22 cent level again

- A successful breakout would indicate a target of 27 cents

MIDAS HOLDINGS (86.5 cents) - Rebound underway

- Resistance at 92 cents

- At present, the probability of breaking resistance appears low

YING LI (78 cents) - Journey to the west

- Support appears at 68 cents

- Volume has picked up, but it is unlikely that prices can break above resistance at 90 cents in the next few weeks