Keppel Corp: Breakdown to new low.... can the 5.50 support hold now? price 5.52

Any technical rebound in sight after the sell down?

Sent: Wednesday, January 06, 2016 9:23 AM
Subject: ************* Keppel Corp: Heading back to 6.20 support.... price 6.26

Keppel Corp has been trading in the range of 6.20 to 6.60 for 3 weeks with it still unable to break back above the 6.60 support turned resistance level. As long as 6.60 is a resistance, we can still see weakness with sell down towards its temp support. Those looking for any potential quick rebound can do so near 6.20 for a trade back up but note that trend is still weak for this counter with MA pointing lower. Any further break down below 6.20 which was the low last month can pave the way to psychological 6.00 then 5.60. Note levels, have a plan.