Eoin Treacy's view I highlighted a number of the Australian members of the Pan Asia Dividend Aristocrats in yesterday's Comment of the Day. (Also see Comment of the Day on August 23rd). The Index has rallied to break the six-month progression of lower rally highs and now appears to be consolidating that move. A sustained decline below 2600 would be required to question medium-term scope for additional upside. Other than falling less, the total return index has a similar pattern.

Hong Kong's Cheung Kong Infrastructure (3.22%) derives 63% percent of its revenue from outside the city state. The share found support in the region of the 200-day MA between October and January and rallied impressively last week to break out of the four-month range. A sustained move below HK$43 would be required to question medium-term scope for additional upside.

Diaper and sanitary towel manufacturer, Hengan International (1.74%), has been mostly rangebound since late 2010 but is currently pressuring the highs. A sustained move below HK$70 would be required to question medium-term scope for additional upside.

Indonesia's Semen Gresik (2.16%) is a beneficiary of the country's infrastructure development. It broke upwards from a 14-month range in October, retested the upper side last week and a sustained move below IDR10,000 would be needed to question medium-term scope for additional upside.

India's HDFC Bank (1.32%) broke out of a 15-month range in February. It has been consolidating the move for the last month and a sustained move below INR500 would be required to question medium-term scope for additional upside.

Japan's Oriental Land (1.16%) paused near the early 2011 peak until last month, when it broke upwards to new 10-year highs. A sustained move below the 200-day MA, currently near ¥8000, would be required to question medium-term scope for additional upside.

Kaken Pharm (3.8%) found support in the region of the upper side of the underlying five-year range in November and a sustained move below ¥1000 would be required to question medium-term scope for additional upside.

Lawson Inc ((3.67%) continues to trend higher and the upside can be given the benefit of the doubt provided the progression of higher reaction lows, currently near ¥4500, remains intact.

Kirin Brewery (2.65%) found support in the region of the 2009 low in November and this week rallied above the 200-day MA for the first time since late 2009.

Sysmex Corp (1.03%) is one of a small number of Japanese companies hitting new all-time highs.

I profiled both Japan Tobacco (1.77%) and Uni-Charm (0.72%) in a review of Japanese shares in Comment of the Day on March 9th .

Singapore's Jardine Matheson (2.23%) has held a progression of higher reaction lows since October and is now testing the upper side of the six-month range. A sustained move below SG$48 would be required to check current scope for a successful upward break. Jardine Strategic Holdings (0.67%) has a similar pattern.