Sin Heng Heavy Machinery (20.5 cents) - Likely to move lower

Prices appear poised to break below support at 20 cents. The 50-, 100- and 200-day moving averages are falling, exerting downward pressure. Quarterly momentum has drifted below a support and its equilibrium line, indicating latent weakness.

So far, ADX was at a low level because prices were stuck in a sideways range, but it is now turning up, as the DIs form a negative cross. A break below 20 cents indicates a downside of 14.5 cents.