Keppel Land

Keppel Land: There are no other negative news relating to its decline besides the property cooling measures introduced by the govt this year. Technically, counter had been trading in a narrow channel between $3.30-$3.75 since Jun. May see downward pressure in the near-term after crossing below its 20 and 50 MA this week, towards the $3.40 level, supported by both the RSI and Stochastics hooking downwards.