KepCorp

Keppel Corp - 29th Feb 2016

KepCorp seems to be forming a hammer pattern candle stick on the chart today. The closing price of $5.18 is hovering slightly above the 20SMA which is generally rather positive.

After a good run from the low of $4.64 on 18th Jan 2016 and a high of $5.37 on 18th Feb 2016 it has since managed to take a pause and is slowly gaining strength to move up to re-visit $5.37.

Both MACD & RSI are still trending upwards which may provide further indication that the share price may continue to head higher.

Breaking out of $5.37 with good volume that may propel to drive the share price higher towards $5.50 then $5.80 with extension to $6.15 & above.


The current oil price is staying above US$30 per barrel and most of the analyst has predicted that oil price has more or less hit the bottom and is slowly edging up.

With oil price going higher this will be indirectly benefit KepCorp which is serving the Oil & Gas Marine sector /Ship Building. This could help to bring the share price back to above $6.
(trade base on your own decision)