CFD Trading – Sell Keppel Corp (BN4.SGX) @ $5.22. Stop @ $5.37 and Target @ $4.81.

Keppel Corp Stock Code BN4.SGX

After reaching a low of $4.81 on 1 February 2021, price has moved higher but is currently being capped by the lower edge of the cloud. Inability to move above the cloud has kept the bearish trend intact. Conversion and Base lines are close to each other after a bullish crossover but Lagging Span is above price of 26 days ago but is inside the cloud.  Base, Conversion and Lagging Span are unable to confirm the bearish trend. MACD remains bearish with both its lines below the zero line. We are expecting price to decline to the support level at $4.80

$5.22                 Sell
$4.81                 Price Target
$5.37                 Risk Management Stop
3 weeks Trade Duration

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