Keppel Corp (technical)

Keppel Corp: the stock has bounced nicely off the $9.50 support, cutting back up above the 200 MA. The key indicators are also hooking up from oversold levels, suggesting a possible rebound play. Today’s gap up, coupled with a close above the $10 initial resistance, would set the stage for the stock to climb further. Next resistance levels are $10.28, and $10.50.