Keppel Land: Technical Sell Call by UOB Kay Hian with an 8% potential return. House recommends SELL with TP of $3.20. The stock is likely to retrace further after a lower close of the shooting star candlestick lookalike pattern formed in the last trading session.
The Stochastics indicator suggests the stock is overbought and has crossed below its signal line near the overbought region. Alternatively, investors may exit their shorts if prices move above $3.65.
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