KEPPEL CORP had a very nice run-up from the low of $4.64 to a high of $6.10 on 4th March 2016.
This is rather bullish.
The current price of $6.10 has been driven into a Overbought situation. It will be good to pull-back/retreat before setting the next direction.
Is always good to lock in part of your profits after such a impressive run. Let the other half roll-on.
After the pull-back we may then again look for a good opportunity to Long/accumulate.
The immediate resistance is in the range of $6.20 to $6.56. It will take a greater force to break through this hurdles.
(trade base on your own decision)
After reading this blog, I Decided to trade and got huge profit. If you are confused about share market, Visit Epic Research and clear all your doubts.
ReplyDelete