Friday, December 20, 2013

Keppel Land (technical)

Keppel Land: Longer term trend line (200MA) has tilted downwards indicating a possible prolonged pressure on share price. In the recent month, selling volumes have increased as share price slid down and have shown no signs of slowing down as exhibited on the increasing ADX trend. Would wait for selling volumes to taper off before looking at an entry. Support at $3.28 followed by $3.15

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