Keppel Corp (technical)

Keppel Corp: BlackRock has raised its stake in KepCorp via open market purchase of 602,000 shares at $10.95 on 26 Jul. It now holds 90m shares representing 5.02% of Keppel. The stock has bounced off strongly from its 20-day moving average and is now exhibiting a bullish engulfing pattern with immediate topside target of $12.25.