Pages

Pages

Tuesday, June 14, 2016

Keppel Corp

Keppel Corp - 14th June 2016

Keppel Corp after hitting the high of 6.17 on 15th April 2016 it had since continued to trend lower to close at 5.32 on 14th June 2016. This is quite bearish.



The current price of 5.32 is hovering slightly below the SMA lines which is generally not so healthy/positive.

One good sign is that the Macd is still trending towards slightly near or on the same level at 0. And Rsi is still hovering above 50 mark. Looks like a technical rebound may happen soon.

Short term wise it may go down to re-test the previous low of 5.26 then 5.15 with extension to 5.01.

I think fair value is presenting a good opportunity to consider for accumulation at 5.15 and below.

(trade base on your own decision)



No comments:

Post a Comment