Hi folks, based on the TA of this counter, it appears that this counter is on ascending wedge. The targets of possible downtrend is indication when MA50 (purple) line is encounter. TA will be invalid if it breaks higher than the drawn wedge boundary.
The support level is highlighted as red horizontal bar. If it break the lower of the possible support level at...
stock is in a upward trend and breach resistance line @5.71 to reach 5.81. With results release expected on 29 Apr , there could expectation that results could be lower than normal built into the price. Potential for price to go further to next resistance line @6.00. Modified stochatic @ 39 1 1 also reaching 50% which is a trigger to long upon crossing 50%.
Keppel Corp stock closed below previous swing low of month of July 18- August 18 New price range trending downside open till 5.90-5.70.
Now 6.21 act as resistance
