CFD Trading – Buy Keppel Corp (BN4.SGX) @ $7.10. Stop @ $6.97 and Target @ $7.47.

Keppel Corp Stock Code BN4.SGX

Outlook

Price broke and closed above the cloud in the previous trading session, changing the chart outlook to bullish. Price is also supported by the Conversion line. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish with both lines above the zero line. We think price is likely to move higher to the next price resistance at $7.47 in the next 2-3 weeks.

Strategy                  

$7.10                 Buy

$7.47                Price Target

$6.97               Risk Management Stop

3 weeks           Trade Duration

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