Tag: Keppel Corp

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

Keppel Corp Stock Code BN4.SGX

Outlook

Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. A bearish Flag chart pattern is also hinting at a bearish price trend. Conversion and Base lines had a bearish crossover earlier, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish with both lines below the zero line. We think price is likely to move lower to the flag target at $6.40 in the next 2-3 weeks.

Strategy                  

$6.85                 Sell

$6.45                 Price Target

$7.10                 Risk Management Stop

3 weeks              Trade Duration

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

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

Keppel Corp Stock Code BN4.SGX

Outlook

Price broke below the cloud yesterday and this could be the start of a new bearish trend. A closing below the cloud also adds weights to the bearish trend. A possible Double Top chart pattern also adds to the bearish trend. A break of the uptrend line will also add to the bearish trend. Conversion and Base lines already had a bearish crossover, confirming the bearish trend. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish trend. MACD has turned bearish with both its lines moving below the zero line. We are expecting price to decline to the first support level at $5.01 and later to 4.92 in the next 2-3 weeks.

Strategy                  

$5.15                 Sell

$4.92                 Price Target

$5.27                 Risk Management Stop

3 weeks Trade Duration