KEPPEL Testing 6.17 Resistance LevelKEPPEL, the company behind Keppel DC, Keppel Oak Pacific, etc., recently tested the 6.17 resistance level after a pullback. Let's see how it moves.
BN4 trade ideas
BN4.SGX_Bullish Breakout Trade_LongENTRY: 7.08
SL: 6.90
TP1: 7.22
TP2: 7.51
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Cup and handle pattern from Jun 2022. Today looks like breakout from handle.
- Entry today based on breakout and >3% rebound off 10EMA with volume.
Keppel Corporation | Price $6.55 | Support $6.43 | Resistance $6Keppel Corporation | 08 July 2022 | Timeframe: 1D | Price $6.55 | Support $6.43 | Resistance $6.94
BN4 KEPPEL > MA Support > LONG1) Daily Chart Mas upthrend
2) 3x tested 200MA
3) Wait for confirmation candle
Entry:5:29
TP: 5.6
[Analysis] Keppel Corp (BN4)(SG)While many will be elated on what seems like a "Trend Breakout", it is still early to tell.
Newton law of motion
"An object in motion will remain in motion in the same direction" holds true for stocks as well. A stock in a downtrend will most likely stay in a downtrend.
Even if the breakout is legit, we have a nearby resistance at 6.00. Given that the current price is already at 5.600, there is not much room upwards before supplies start to pour in again.
If the price is unable to break 5.70, a possible lower high could be created.
One of the sins in Technical Analysis is the trader only draws what he wishes to see and is blind to other possibilities.
Verdict: The Risk is not worth chasing this potential "breakout"
Keppel Corp BN4 [1-3 weeks view]This is an analysis for a client.
Technical indicators showing room for further bearish momentum
Bounce before chance of a further drop.
Please do your own due diligence.
Losses can happen so please understand your risks and investment objectives first.
Keppel is facing bearish pressure, potential for further dropPrices are facing bearish pressure from our sell entry in line with our graphical levle and 50% retracement where we could see a further drop below this level.
Keppel is testing support, potential bounce Prices are testing our support level in line with our ascending trend line and fibonacci confluence levels where we could see a bounce above this level.
Keppel Corp is approaching support, potential bounce Prices are approaching support in line with our ascending trend line where we could see a bounce above this level.
Keppel LongsKeppel in this channel and price action seems to suggest a breakout.
If it does breakout this seems a good risk:reward setup
Keppel is approaching resistance, potential reversal Price is approaching our resistance in line with our fibonacci confluence levels where we could see a reversal below this level.
BN4 (SGX) - Still in Bearish TrendGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
GBN4 (SGX) - Still in Bearish Trend
Keppel is facing bearish pressure, potetial reversal Price is facing bearish pressure from our first resistance where we could see a further drop below this level to our first support target. 20 EMA is showing signs of bearish pressure as well in line with our bearish bias.
Keppel see more downside from a bearish chart pattern! Keppel see more downside from a bearish chart pattern!
Keppel is testing support, potential bouncePrice is testing support in line with our ascending trend line, 61.8% retracement and extension level where we could see a bounce here.
Keppel is approaching resistance, potential reversal Prices are approaching our resistance in line with our longer term time frame's trend line where we could see a reversal below this level.
Key levels on KeppelPrices played out nicely in our previous call, here are the updated key levels for me on Keppel. I caution our 5.66 resistance level as it is in line with our monthly descending trend line as well where we could see a pullback to test our support. A break above this level would see a further push up to our next resistance target at 5.91.
Keppel approaching support, potential bounce Price is approaching support in line with our trend line where we could see a further upside here
Keppel Corp is facing bullish pressure Price is facing bullish pressure and a break above our upside confirmation level could provide a bullish acceleration to our take profit target.
Key levels to watch on Keppel, potential for more upside! We could be seeing room for more upside to our resistance target at 4.91. A test of our support at 4.28 presents an opportunity to go long. That said, I want to caution the absence of any ascending trend line which would make the setup clearer. What are your thoughts on this?
Keppel Corp - We are looking at one last downside before a rebouDespite roaring positive news, the stock's rally was capped at the supply zone. Hence, we are looking to long at the next potential demand zone highlighted in the chart.
