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Among the smaller caps, KSH Holdings, which has been entrenched in a sideways range for close to 12 months, is showing signs of life. Volume has expanded, and quarterly momentum has bounced up off its equilibrium line on a white candle day on Mar 26. To prove this is not a flash in the pan, prices need to break above the top of the sideways range at 36 cents. If so, the upside could be as high as 45 cents. KSH ended the week of Mar 22-26 at 35.5 cents. The Straits Times Index rose 23 points week-on-week to 3,157, confirming that the break above the narrow 3,071 to 3,118 range in the week of Mar 15-19 is valid. The breakout provides the impetus for the index to tests 3,368 to 3,377 in the next four to six weeks. Quarterly momentum which had been challenging a resistance that coincided with its own moving average has managed to move above this confluence. The index’s long term indicators continue to rise and should be able to support the STI’s uptrend. Hence, overall, pressures should continue to be upwards. Immediate support is at the 3,071 to 3,118 range.