Wires

MIDCAP-Singapore Wing Tai technicals suggest downside

* For a technical chart:

Shares of Wing Tai Holdings , which are down nearly1 percent on Tuesday, could see more falls, technical chartssuggest.

The stock has cut below the 20-day exponential movingaverage, a negative sign.

The MACD is bearish as it is trading below the signal line.

The Trend Intensity Indicator is declining, which suggeststhe end of its prolonged uptrend over the last few months.

A market is trending -- bullishly or bearishly -- when TrendIntensity is advancing. A trend is over when the signaldeclines.

The stock is up 8.71 percent over the past month, while thebroader index has gained 4.07 percent in the sameperiod, based on Monday's close.

(Reporting by Patturaja Murugaboopathy; Editing by Sunil Nair)

((patturaja.murugaboopathy@thomsonreuters.com))

Keywords: MIDCAP WINGTAI/