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Keppel Telecommunications & Transportation ST: the RSI is overbought
Trading Central | 2018-10-03 01:00:00

Alternative scenario: below 1.62, expect 1.32 and 1.15.

1.62 is our pivot point.

Our preference: the upside prevails as long as 1.62 is support.

Alternative scenario: below 1.62, expect 1.32 and 1.15.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 1.46 and 1.44). Keppel Telecommunications & Transportation is currently trading near its 52 week high reached at 1.88 on 28/09/18.

Supports and resistances:
2.73 **
2.55 *
2.38 **
2.2
1.85 (SGD-last)
1.73
1.62 **
1.32 *
1.15 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 10-03-2018 at 03:00 UTC+1
Price reference: 1.85 last known on 10-03-2018 at 03:00 UTC+1
Investment horizon: ST

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