CFD Trading – Sell KEPPEL CORP (BN4.SGX) @ $6.90. Stop @ $7.13 and Target @ $6.39.

KEPPEL CORP  Stock Code BN4.SGX

Outlook

Price has been moving lower after forming a price top at S$7.31. It could be consolidating within a bear flag pattern, hinting at possible downside ahead. MACD is bullish but it seems weak at the moment. Price could move lower if it break below the flag pattern and the cloud support.

Strategy

$6.90           Sell

$6.39          Price Target

$7.13            Risk Management Stop

3 weeks      Trade Duration

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