CFD Trading – Buy Keppel Corp (BN4.SGX) @ $5.35. Stop @ $5.22 and Target @ $5.57.

Keppel Corp Stock Code BN4.SGX

Outlook

Price was supported by the cloud as well as the Conversion line, keeping the bullish price trend intact. Conversion and base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and is inside the cloud. MACD has a bullish crossover and there was bullish divergence warning when price hit the low at $5.04. MACD is moving higher, hinting at a bullish price trend. We are expecting price to move up to the next price resistance at $5.57 in the next 2-3 weeks ahead.

Strategy                  

$5.35                 Buy

$5.57                 Price Target

$5.22                  Risk Management Stop

3 weeks              Trade Duration

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