Keppel Corp Stock Code BN4.SGX
Outlook
Price could be forming a Triangle chart pattern. This is usually a continuation pattern and means there will be another rally ahead once the consolidation pattern is completed by a breakout of the Triangle. Conversion and Base lines had a bullish crossover earlier, confirming the bearish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD remains bullish with both its lines high above the zero line, which is a hint of a strong bullish price trend. We are expecting price to test the $6 which is the Triangle chart price target.
Strategy
$5.35 Buy
$6.00 Price Target
$4.99 Risk Management Stop
3 weeks Trade Duration
