Friday, December 2, 2016

Keppel Corp: Have almost reach the next 6.00 target, some profit taking expected, price 5.95

Following up from call yesterday, we have indeed seen more strength with it pulling away from temp 5.60 support after breaking above the key 5.50 level…

Has neared our 2nd target already for now where we are seeing some profit taking which is normal given the run.

Those who have managed to lock in some positions yesterday can consider locking some profits here.

Raise stop loss to protect. J

Was looking at the chart drawn yesterday and comparing to the chart today, happy to see that the prices today drawn are just like what is drawn…

Can there be more upside above 6.00, we shall see….. possible…


Recent Email:

Sent: Thursday, December 01, 2016 10:14 AM
Subject: ******** Keppel Corp: A breakout above 5.50 on OPEC production cuts, price 5.64
After trading below 5.50 for about 4 months, finally today we have seen a move above with it hitting a high of 5.66. quite a huge spike than expected. Anyway, we are seeing some temp support at 5.60 for now and there can be more upside towards 5.80 then 6.00 in the near term if it holds above. At this level it is firmly above all moving averages which can potentially see an upwards reversal on the cards. MACD has also crossed into positive zone on this move. Stock to watch.

For illustration purpose only

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