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
KEPPEL CORP Stock Code BN4.SGX
Outlook
The chart outlook remains strong and bullish as price is trading far above the cloud. Price was supported by the gap support zone that created on 28 July, coinciding with the Fibonacci 50% correction point as well as the conversion line support. MACD is also strong and bullish. We are likely to see price rebounding to move higher.
Strategy
$7.18 Buy
$7.80 Price Target
$6.98 Risk Management Stop
3 weeks Trade Duration
KEPPEL CORP Stock Code BN4.SGX
Outlook
Price is having a price correction after reaching a price top at S$6.57. Price attempted to rebound but was capped by its 20MA resistance point. The RSI has given divergence warning and it is falling below its neutral level, hinting at more downside ahead. We are likely to see price continuing its downward strength to move lower.
Strategy
$6.34 Sell
$5.97 Price Target
$6.50 Risk Management Stop
3 weeks Trade Duration
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
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
