Keppel Corp (technical)

Keppel Corp: indicators are at oversold levels but there is no signal yet that a reversal is taking place. However, there is also limited downside with the latest share buy back by Keppel to provide some respite for the stock to hold the psychological $8 level. Unless oil mounts a sustained recovery, expect the stock to continue range trading between the $7.80 - $8.60 Fibo band.