KepCorp

KepCorp: Sias Research tip Keppel could be nearing some resistance after its recent surge. Note that it seems that price tested the 50% Fibo level at $10.69 and failed, closing below the 38% Fibo level at $10.52. This is a very bearish sign, indicating that the recent bullish trend may turn out to be a bearish reversal. On the other hand, Oscillators remain resilient; RSI showing sign of fatigue, after testing its equilibrium point, while Stochastic and MACD are still showing strong buying momentum picking up. It tips immediate support at $10.31, with resistance at $10.52-$10.69. Investors who participated in the earlier rally could consider liquidating their positions as the counter seems bearish.