Monday, August 16, 2010

Keppel Corp 16-Aug-10 (Update on previous Buy)

Since update on 27-Jul-10, prices have pulled back significantly. Short-term uptrend (Purple line) have been broken, however, prices have held above the short-term resistance turned support (Orange line) formed by 2 previous peaks.

A bounce from this level will likely see $9.40 being tested followed by $9.80.

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