Keppel Corp (technical)

Keppel Corp: Trading Central says the technical outlook remains on the upside, supported by an ascending trend line since Oct ’11. Notes the RSI is reversing up and has crossed above its signal line. Likes that the key support level at $11 has held up well, and should contain any downward attempt. Believes the stock is likely to challenges $11.65 (Apr ’12 high), and on a breakout could move to $12.15 in extension.