Commodity stocks revival

WILMAR INTERNATIONAL ($3.50) - Breaks out of base

- Prices have broken out of neckline of multi-month base formation

- 50 day and 100 day moving averages have made a positive cross

- Breakout indicates target of $3.80

NOBLE GROUP ($1.03) - Uptrend to continue

- Prices are in recovery phase

- 50 day and 100 day moving averages have made a positive cross

- Short term indicators are at the high end of their range

- Break above $1 indicates target of $1.20

OLAM INTERNATIONAL ($1.565) - Attempting recovery

- Counter broke above a double-bottom base formation

- Quarterly momentum has languished

- There is a probability that breakout is unsustainable

- Support appears at $1.49

- Resistance is at $1.64

GOLDEN AGRI-RESOURCES (60 cents) - Attempting to rally

- Prices are challenging three times tested resistance level at 56 cents

- Quarterly momentum has broke out of resistance

- Successful break is possible which indicates target of 68 cents

- Support is at 57 cents

FIRST RESOURCES ($1.95) - Poised for breakout

- Prices are in a resistance area

- Quarterly momentum is rising strongly

- Indicators are supportive of breakout above $1.95

- Breakout would indicate target of $2.25

- Support is at $1.92

INDOFOOD AGRI RESOURCES (91 cents) - Base formation underway

- Prices are attempting to strengthen

- A break above quarterly momentum equilibrium line would trigger break above 90 cents

- Break indicates target of $1.08

(Sources:  TheEdgeSingapore November 4, 2013)

Inflated stocks poised for fall

LIONGOLD CORP ($1.51) – Set for breakdown
- Negative divergence between quarterly momentum and price
- Quarterly momentum appears poised to break neckline
- If this materializes, prices are likely to break 50 day moving average and neckline
- Breakdown indicates a target of $1.26

BLUMONT GROUP ($2.02) – Poised for downturn
- Quarterly momentum has turned down
- Past three sessions of rising volume on black candle
- Resistance is at $2.50
- Breakdown level is at $2.30
- Breakdown indicates target of $1.65

ASIASONS CAPITAL ($2.70) – Top formation underway
- Short term indicators are more negatively placed then quarterly momentum
- Based on chart pattern, prices could be forming a double top
- Neckline is at $2.58 to $2.60 range
- Breakdown would indicate initial downside of $2.25

YANGZIJIANG SHIPBUILDING ($1.135) – Latent selling
- Higher volume sessions are accompanied by black candles
- Resistance is at $1.17
- Support is at $1.06
- Break below support indicates target of 96 cents

ALBEDO (4.9 cents) – Top formation
- Quarterly momentum has turned down and fallen below support level
- Prices could be forming an extended top
- Immediate support is at 5.2 cents
- Break below support indicate a downside of 2.5 cents

ROWSLEY (38 cents) – Short term overbought
- Prices are somewhat extended
- Resistance to an upmove appears at 40 cents
- Support is at 30.5 cents

(Source:  TheEdgeSingapore, October 7 2013)

A rising tide lifts some boats

SAMUDERA SHIPPING (15.5 cents) - Forming a base
- Quarterly momentum appears poised for upturn
- Resistance appears at 15.5 cents
- Break out remains difficult in the immediate term
- Support is at 14 cents

SWISSCO HOLDINGS (23.5 cents) - Testing support
- Prices are testing support at 23 cents
- Prices should rebound off 24 cents
- Resistance appears at 26 cents level

MERCATOR LINES (12.9 cents) - Poised for a breakout
- ADX is falling and DIs are neutral
- Resistance appears at 13.5 cents
- Prices may attempt a breakout
- Support is at 10.5 cents

JAYA HOLDINGS (67.5 cents) - Challenging resistance
- Resistance is at 68 cents
- Successful break indicates an upside of 75 cents
- Support is at 65.5 cents

COSCO CORP (79 cents) - Temporary retreat
- Temporary retreat is underway
- Resistance is at 84 cents
- Successful break would take prices to $1
- Support is at 77 cents

FALCON ENERGY GROUP (44 cents) - Short-term overbought
- In short term, prices are overextended
- Prices have cleared resistance at 40 cents indicating target of 54 cents
- Support is at breakout level of 40 cents

(Source:  TheEdgeSingapore September 30, 2013)