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Keppel Corp ST: above its upper Bollinger band
Trading Central | 2018-09-27 23:00:00

The configuration is positive.

6.94 is our pivot point.

Our preference: the upside prevails as long as 6.94 is support.

Alternative scenario: the downside breakout of 6.94 would call for 6.7 and 6.56.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 6.62 and 6.72). Finally, Keppel Corp is trading above its upper Bollinger band (standing at 7.14).

Supports and resistances:
7.92 **
7.78 *
7.63 **
7.16 (SGD-last)
6.94 **
6.7 *
6.56 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-28-2018 at 01:00 UTC+1
Price reference: 7.16 last known on 09-28-2018 at 01:00 UTC+1
Investment horizon: ST

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