Thursday, August 26, 2010

Keppel Land

Keppel Land: “technical chart looks pretty. Stock is trading almost parallel to the upward trending 200day MA. Indicators are currently at oversold levels, which suggests a possible entry point as a bounce could play out in the near term. Support at $3.80, resistance at $4”…

The bounce has played out, and intra-day prices have pierced above $4. If it can close above this, next resistance becomes $4.22.

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