CityDev has been down falling in tandem with STI pace since mid 2018. Selling pressure accelerated upon announcement of new property cooling measure from local government. 9.22 was broken on last Monday. ~ 8 could be next support to be tested.
DBS lost its ground on mid week. Next support ~ 24. It has been among top selling target of institute's fund for the period. Downtrend could persist.
Keppel Co has been hovering around 6.56 for early last week but selling pressure prevailed in the end. Next support could be ~ 6.26. Worth to take note that current price is around net tangible asset value of the counter.
Singpost saw significant selling volume since early August. Support ~ 1.13 was broken last week. Next support ~1.03 shall be tested soon.
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