Keppel Land (technical)

Keppel Land: the share price decline has tapered, leading to higher odds of a rebound taking place in the near term. The break of the $3.52 resistance (23.6% Fibo level) would provide a further confirmatory signal that momentum has turned positive again, and could pave the way for a push back toward the 50% Fibo level at $3.80. Cut loss if support at $3.40 is breached, as that would be a signal of weakness and could pave the way for a retest of the $3.27 trough made in Jun.