Keppel Corp (technical)

Keppel Corp: based on the 3-year chart, with Fibo retracement as an overlay, Keppel may trade between $9.30 (2-yr low) and $9.71 (0.236 Fibo level) in the near to medium term. A break below the $9.30 support would be viewed as negative, and the stock could head toward the next Fibo support level of $9.15 very quickly. Longer term investors may consider waiting for a break above $9.71, as a signal for entry, as that would indicate that a stronger positive reversal has taken place.