Tuesday, August 6, 2013

Keppel Corp (technical)

Keppel Corp: is resting on a key $10.35 technical support level. A close below this would bode negatively for near term price action, with the next support at $10.00. The weaker technical outlook is further supported by the RSI remaining below the neutral 50 level, and the 20day and 50 day MA acclerating their slide. Any bounce may be capped at the $10.60 resistance.

No comments:

Post a Comment