False dawn or real breakout?

SEMBCORP MARINE ($1.425) - Rally may not be sustained

- Counter has the greatest strength among the quality O&M stocks

- Prices are still beneath the key 200 day moving average

- Resistance is at $1.50

- Support for retreat is at $1.35

KEPPEL CORP ($5.40) - Entrenched in sideways range

-  Prices have been in a very narrow range for the past three months

- It is unlikely that prices will be able to break out soon

- Move above $5.45 would indicate an upside of $5.80

ST ENGINEERING ($3.27) - Ambiguous move

- Counter's moves have been ambiguous

- Short term stochastics is in a peaking process

- Prices may consolidate at current levels first

- In event of breakout, upside is limited to $3.40

- Break below $3.10 would be negative

SEMBCORP INDUSTRIES ($2.72) - Breaks out of base

- Chart pattern has strengthened

- If directional indicators turn positive and quarterly momentum breaks above resistance, the initial price target could be $2.90 with eventual target at $3.10

HOTEL PROPERTIES ($3.82) - Breaks above 200 day moving average

- Prices have moved above 200 day moving average and resistance at $3.60

- Breakout indicates an initial upside of $4

- There are signs that the upmove may not be sustainable

GENTING SINGAPORE (95.5 cents) - Set for retreat

- Prices have run ahead of themselves

- Indicators suggest that upside is likely to be limited

- Support is at 94 cents.  Break below this level would be negative

(Source:  TheEdgeSingapore November 28 2016)

Selected quality stocks plump to oversold lows

SINGAPORE AIRLINES ($9.97) - Rebound in a downtrend

-  Short and medium term oversold pressures should trigger a temporary rebound

-  Resistance appears at $10.20

- Overall though, the trend remains downwards

SIA ENGINEERING ($3.51) - Short-term rebound

- Short term indicators are at the bottom of their range

- The one year intraday low of $3.31 to $3.33 may provide some temporary respite

- Technical picture remains weak

- Immediate resistance appears at $3.60

ST ENGINEERING ($3.11) - Poised for breakdown

- Prices continue to hover around support area

- $3.14 is likely to act as a resistance line

- Indicators are noticeably weak

- Immediate support is around $3 and the eventual downside could be as low as $2.70

- Move above $3.14 could materialise

STARHUB ($3.13) - Short-term oversold

- Any rebound is likely to be temporary

- Prices have plummeted to four year low

- Downside is likely to be limited to $3

- Resistance appears at $3.20

SINGAPORE TELECOMMUNICATIONS ($3.84) - Testing support

- Support has been established at $3.84 to $3.85

- In case of a breakdown, a target of $3.43 is indicated

- If prices regain the 200 day moving average in the next two sessions, this would invalidate the target

KEPPEL CORP ($5.44) - Gains strength

- Prices are gaining strength

- Resistance appears at $5.47 to $5.48 level

- A breakout would be bullish and would indicate an initial target of $6

(Source:  TheEdgeSingapore  November 14 2016)

Office REITs to stay resilient despite consolidation

CAPITALAND COMMERCIAL TRUST ($1.60) - Facing resistance

- Prices broke below 50 day moving average and support at $1.57

- Indicators are moving in different directions

- Upturns are unlikely to sustain a break above resistance at $1.60

FRASERS COMMERCIAL TRUST ($1.395) - Unsustainable rebound

- Prices have bounce off their 50 day moving average

- Any further price rebound is likely to encounter resistance at $1.45

- Break above this level may not be sustained

- Support is at $1.37

KEPPEL REIT ($1.115) - Easier phase ahead

- A selloff was evident on Oct 19

- Volatility is likely to be low with prices moving into sideway range

- Support is at $1.08

- Resistance is at $1.15

MAPLETREE COMMERCIAL TRUST ($1.545) - Uptrend gives way

- Prices are likely to be in a corrective phase

- Prices broke below 50 day moving average and support at $1.55

- $1.55 likely to act as resistance

- Support is at $1.50

SUNTEC REIT ($1.73) - Could strengthen

- Counter is in a slightly different cycle from other REITs in the sector

- Counter is showing signs of strength

- Prices should be able to rebound to the top of the range at $1.80

- Support is at $1.70

OUE COMMERCIAL REIT (71 cents) - Set to ease

- Upside is likely to be limited to around 72 cents

- More likely, prices are set to ease towards 66 cents

- Quarterly momentum has been largely flat

- Break below equilibrium line would confirm a price decline

(Source:  TheEdgeSingapore October 24 2016)