Thursday, March 24, 2011

Keppel Land

Keppel Land: Trading Central has a Technical Buy Call for Keppel Land, aiming at a short term rebound. Note that the RSI is above its neutrality area at 50, yet MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Note that stock is trading above its 20 day MA ($4.24) but under its 50 day MA ($4.36). An alternative scenario is that a downside breakout of $4.15 would call for $3.95 and $3.84….

Tips key Resistances at $4.84, $4.72 and $4.60

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