CFD Trading – Sell Keppel Corp (BN4.SGX) @ $6.42. Stop @ $6.60 and Target @ $5.60.

KEPPEL CORP  Stock Code BN4.SGX

Outlook

The price has reached a price high at S$6.55 two days ago. This could be a possible price top as the MACD histogram is giving potential divergence warning that hints at a possible reversal. We are likely to see a price correction to the base line support at S$5.98. Once the base line support is violated, a further decline to S$5.60 could be expected.

Strategy                  

$6.42                Sell

$5.60                Price Target

$6.60                Risk Management Stop

2 weeks            Trade Duration

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