Chart[103] - Consolidation awaiting break up

Three counters were found in consolidation formation while respective prices were slowly moving upwards. They deserve more attention for potential break up in price.

DBS gained more favor from market after OCBC and UOB released earning. While the peers were selling down, its price was bought up on last trading day. Higher low formation was seen since early 2019. 25.2 could be the break up price to monitor.

Sembco and Semb Marine has been rallying since mid of last week. Keppel Co has been laggard to it's peers. 6.36 could be critical resistance to monitor. Shall this be broken, more upwards movement could be ahead.

Raffles Medical has been moving in upwards channel since last July. Current price is near to support line of the channel. Next Monday will see latest earning result from the counter. 1.2 is the resistance to monitor.