Just last week, we saw an attempt in Keppel Corp to break the 8.00 key level that it has consolidated below for more than a month…
Trend indicators were also looking at a reversal and there was some good price action spotted.
There was some strength in crude oil prices which broke past the USD 68 which was also lending strength to the oil and gas sector..
See some upside targets that were drawn…
Over the past few days, we have seen our 1st target at 8.20 breached and seems like we almost heading towards our 2nd target at 8.40…
High of 8.35 over the past 2 days before some profit taking on market weakening.. normal…
May see some profit taking near 8.40 for now but looking for more specific price action which can lead the recovery further…
Targets may be revised higher too….
We saw something nice on the System recently too…. ;)
Looking good with no exits, seeing some support at 8.20 coming back for now…
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