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Showing posts with the label Keppel Corp

Keppel Corp at Support - Swing Opportunity?

Keppel Corp (BN4) Trade war may have shaken the market, but oil prices remain stable with Brent continue trading above US$70/bbl. With Oil price staying relatively high, it gives prospect of a Oil&Gas industry recovery. And one of the beneficiary when O&G industry recovers would be Keppel Corp, one of the largest Oil Rig builder globally. Keppel Corp remains as one of the few stocks one STI with a positive Relative Strength (RS) against the STI. With Keppel Corp (or BN4 we brokers call it) may potentially see an reboud as the stock trades towards a "Resistance-turned-Support" zone. With trading volume slows as the stock trends lower, this signifies that the eager of sellers have slowed. With both, we may see Keppel Corp rebounds from here with first price objective S$6.60 and next at S$6.75. Disclaimer Applies.

Keppel Corp

Keppel Corp (BN4): Breakout Technical Observation: After 9 months accumulation action between S$5.00-6.00, KepCorp has breakout from its range, potentially entering the mark up phase. Using the Fibonacci Retracement tool, first target is S$6.30 (23.6%), followed by S$7.00 (38.2%).

Keppel Corp (Long - SG Mkt) Educational

Disclaimer: The following is the purpose of education and do not constitute as any form of financial advisory. And readers are encouraged to verify all information as the posting contributors do not warrant the accuracy of the information provided. Technical Trade Keppel Corp E: S$8.87 S: S$8.77 T: S$9.19 Remarks: Price breakout above 20Days Mov Avg with strong volume. MACD bullish crossed over observed. Thus, likely to see short-mid term bullish rebound.