Keppel Land (technical)

Keppel Land: share price may see a slight pick up in the near term, as the key indicators have turned up, and are rising / have risen from oversold levels. The odds favor a test of the initial resistance at $3.50 (24% Fibo level and 50day MA), and could make its way to $3.80 in extension, if a bullish breakout materializes. Cut loss if share price breaks below the recent $3.27 low, and firm support level.