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Thursday, February 4, 2016

KepCorp

KepCorp - 4th Feb 2016

KepCorp seems to be rather weak as reflected from the chart. The current price pattern is in a consolidation mode within the price range of $4.64 to $5.24. The current price of $4.86 is hovering below both 14SMa & 25SMA lines which is generally quite bearish.

Although both MACD & RSi are showing sign of a positive divergence but is not strong enough to drive the share price higher to cross over $5.24(Resistance level).


It is looking rather weak and may likely to go down to test the previous low of $4.64.
Breaking down of $4.64 may see it prices head lower towards $4.50 with extension to $4.00.

The current price trend is being geared towards down side and short-seller may take this advantage to put pressure to weaken the price further.

(trade base on your own decision)

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