Keppel Land (technical)

Keppel Land: near term outlook is weak, after the breakdown below the 200 day MA. The key indicators , while oversold, also haven't shown signs of reversal, which could portend further downside ahead. $3.60 is a key support level, which if broken, could lead to extended downmoves to the next support around $3.40. For now, any upside may be capped at the $3.80 resistance.