Fast and furious selling…… heading towards 5.00 as per call issued ? price 5.36, new multi-year lows….
Sent: Tuesday, January 12, 2016 9:54 AM
Subject: *********** Keppel Corp: Seeing a move below 5.50 support, cautious long... price 5.48
Subject: *********** Keppel Corp: Seeing a move below 5.50 support, cautious long... price 5.48
We are seeing some sell down for Keppel Corp below the critical 5.50 key support level as mentioned yesterday. Note that we can still see more weakness from here if it will to close lower today and stay below over the next few days. Target to 5.00. Volume still strong on this move with indicators still weak.
Sent: Monday, January 11, 2016 2:52 PM
Subject: ************ Keppel Corp: Back to key 5.50 support level..... may rebound if can hold up.... but still cautious, price 5.52
Subject: ************ Keppel Corp: Back to key 5.50 support level..... may rebound if can hold up.... but still cautious, price 5.52
Following up from previous sell call, we have indeed seen Keppel Corp breaking below the 6.20 followed by the 6.00 psychological support level over the past few days. It is now back to the CRITICAL 5.50 support level where we can see huge buyers stacked there at the moment with more than 1m shares. This will likely be the temp support now where we may see a technical rebound if it can hold up over the next few day. Range is capped at 5.80 for now as resistance. Any further throw down below 5.50 support can also see the short term down trend continue towards 5.00. CFD SELL can be used further to ride the downside if that happens with longer term trends still weak and indicators pointing lower. Those who have shorted previously can also consider taking profit on short positions near 5.50.
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