Technical outlook for
Chip Eng Seng Corp Ltd
Chip Eng Seng Corp Ltd looks good on daily charts , it is trading above its up slopping trend line and also near to its 50 day MA level .
If Chip Eng Seng Corp Ltd sustains it 0.445 level than one can take long position above this level for target of 0.475-0.515-0.550 level
On the other side of coin if Chip Eng Seng Corp Ltd breached this up slopping trend line the level is 0.418 than it can go for 0.39 and 0.387 which is its 200 day MA level.
Technical outlook for
Oversea-Chines Bank Corp Ltd.
OCB seems to be reverse from this level as it is trading above its 200 day MA level of 9.195 @9.26 and if it took support @ this level and reverse from here than above its up slopping trend line it will be in bullish zone.
Resistance for OCB comes @ 9.40 and if scrip sustains this level than one can take long position for target 9.55-9.65 and above.
Support comes for OCB @ 9.04 from this level and if breached this level than it can go for more down side up to 8.90-8.80 soon.
Technical outlook for
CITY DEVELOPMENTS
City Development looks bullish on daily graph as it is trading above its up slopping trend line and also in such a down trend market its maintain to reverse from support level of 10.48.
City Development having Resistance @ 11.40 level and recently trading @ 11.30 so if it will continue the upward rally than it can be move towards 11.60-11.80-12.00 soon so one can take long position above 11.40
CID having immediate support @ 10.90 and if breached this level than 10.70-10.90 will be the support zone for it.
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