Keppel Corp Stock Code BN4.SGX
Outlook
After reaching a high of $6.12 on 17 February 2022, price has been consolidating in a Triangle chart pattern. Conversion and Base lines remain in a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line. If price is able to move out of the Triangle on the upside, we are likely to see a rally to $6.38, which is the target provided by the Triangle chart pattern, in the next 2-3 weeks
Strategy
$6.02 Buy
$6.38 Price Target
$5.85 Risk Management Stop
3 weeks Trade Duration
