Keppel Corp (technical)

Keppel Corp: technicals look weak for the counter. The key indicators are all tipped downward, and RSI and Stochastics are oversold and showing no signs of reversal yet. The stock is hovering around the 50% Fibo retracement support level at $10.59, but if this level fails to hold, the shares could move to test the next 62% Fibo support level at $10.35. Would like to see the stock cut back above the 200 day MA, before we consider turning bullish again.