Keppel Corp (technical)

Keppel Corp: Trading Central notes the stock remains on the upside above its 20day and 50 day moving averages. RSI has reversed up, and favors a new technical bounce. In addition, the pattern of higher tops and bottoms is still valid. This signals buying pressure. As long as $10.60 is not broken, the house sees a continuation of the rebound to $11 then $11.20 in extension.