Keppel Corp - 19th Feb 2016
Keppel Corp had managed to reverse this downtrend after hitting the low of $4.64 on 18th Jan 2016 and continued to head higher to touch $5.37 on 18th Feb 2016. Thie is rather positive.
The current price of $5.34 is staying above both 14SMA & 25SMA which is generally rather bullish.
Also both MACD & RSI are trending higher that may provide further indication that the share price may continue to head higher towards $5.50 then $5.80 with extension to $6.15.
After the good run from $4.64 to $5.34 it seems to be over extended. It will be good for it to pause and retreat a little before gaining strength to move up further from here.
As the market is still more geared towards down side, it will be always good to lock in your profit .
(trade base on your own decision)
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