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Low Keng Huat: Will The Strength Continue?
Trend Spotting | 30 January 2013
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By: Robin Han
Articles (102) Profile

Low Keng Huat (Singapore) has been surprisingly strong in the aftermath of the property cooling measures introduced by the government two weeks ago.

After gapping down on 14 January, the counter went on to record a new all-time high – this is a sign of strength. In addition, both the MACD and the moving average are indicating a strong uptrend.

However, it will be quite risky if we were to chase the counter right after the rally. I will consider buying on pull back only if it falls to the 38.2% Fibonacci retracement in the next few days.

Daily Chart of Low Keng Huat (Singapore)

Robin Han is a Ph.D in Department of Chemical and Biomolecular Engineering and has got a solid foundation in the financial markets.

Please click here for more information about this author.

Low Keng Huat (S)  -- -- --   
Business: [FY19 Turnover] Development (78.8%), hotels (11%), investments (10.2%).

Insight: Apr-19, FY19 revenue jumped 135.9% due to increase... Read More

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