Kep Corp - oversold

Kep corp is oversold despite news on winning the US$1.0 billion oil rig contract. Buy to keep for the CD and expect prices to slowly creep up during the CNY period when volume is low.

Notice that Genting hold strongly to the 1.07/1.08 level. Expect it to creep up in prices during the CNY period when volume is low.

RUMOURS that there are BAD news on BRAZIL Finances.... May be like DUBAI.... winstorn wrote:

Kep corp is oversold despite news on winning the US$1.0 billion oil rig contract. Buy to keep for the CD and expect prices to slowly creep up during the CNY period when volume is low.

EXACTLY like the CALM when during LIVE FIRING soldiers are waiting at the fOOt of a HILL ALL READY to CHARGE UP********:woohoo: JUST WAITING for THE COMMAND charge* chargE* charGE* chaRGE* chARGE* cHARGE* CHARGE******** :lol: :lol: :laugh: :laugh: :woohoo: winstorn wrote:

Notice that Genting hold strongly to the 1.07/1.08 level. Expect it to creep up in prices during the CNY period when volume is low.

Overall, Keppel Corp\'s price is being held down by a gently rising 200wMA. Everytime its price approaches the 200wMA, it would pull back. The 200wMA is currently at $8.87. The index has been forming higher lows and recently formed a lower high. However, breaking the 100dMA support on high volume to form a doji at $8.18 isn\'t exactly comforting. Of course, it is possible that the price action is setting up for a morning star formation as well. This will transpire if next session sees the price opening above $8.20 and closing higher. In the next session, we will also have confirmation if the 100dMA is now a support turned resistance at $8.26 thereabouts. singaporeanstocksinvestor.blogspot.com/2...ps-f-and-keppel.html

Keppel Corporation closed at $8.34 on a white candle day as it\'s resisted by the 50dMA. It did manage to safely stay within its uptrend although the diminished volume does not make this convincing. The overall picture is quite pleasing as the upmove today means that the low of $8.12 formed in the last session is a higher low. singaporeanstocksinvestor.blogspot.com/