CFD Trading – Sell Keppel Corp (BN4.SGX) @ $5.15. Stop @ $5.27 and Target @ $4.92

Keppel Corp Stock Code BN4.SGX


Price broke below the cloud yesterday and this could be the start of a new bearish trend. A closing below the cloud also adds weights to the bearish trend. A possible Double Top chart pattern also adds to the bearish trend. A break of the uptrend line will also add to the bearish trend. Conversion and Base lines already had a bearish crossover, confirming the bearish trend. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish trend. MACD has turned bearish with both its lines moving below the zero line. We are expecting price to decline to the first support level at $5.01 and later to 4.92 in the next 2-3 weeks.


$5.15                 Sell

$4.92                 Price Target

$5.27                 Risk Management Stop

3 weeks Trade Duration

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