CFD Trading – Sell Keppel Corp (BN4.SGX) @ $5.16. Stop @ $5.28 and Target @ $4.92.

Keppel Corp Stock Code BN4.SGX

Price broke below the cloud for a second time on 16 June 2021 and a strong bearish candlestick price pattern in the previous trading session, is also hinting of a bearish price trend ahead. Conversion and Base lines are close to each other and we are likely to see a bearish crossover to confirm the bearish trend soon. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish trend. MACD remains bearish with both its lines below the zero line. MACD’s lines are also moving lower, hinting of a bearish price trend ahead. We are expecting price to decline to the support level at $4.92.

$5.16                 Sell
$4.92                 Price Target
$5.28                 Risk Management Stop
2 weeks Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.