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Friday, June 16, 2017

Keppel Corp

Keppel Corp - 16th June 2017

Keppel Corp after hitting the high of $7.23 on 2nd Mar 2017 ,  it has since continue to trend lower and went down to touch $6.30 today. This is rather Bearish.



The current price of $6.31 is staying below the SMA lines + RSI indicator is also pointing downwards of which may provide further indication that the share price may continue to trend lower.

Short term wise, I think it may go down to test $6.20. Breaking down of $6.20 with high volume, that may continue to succumb to selling down pressure and it may move down to test $6.00 with extension to $5.80 .
( trade base on your own decision)

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