Keppel: Potential Short Opportunity


Published On: 4 November 2024, 11:00 AM | Alex Lee, Assistant Manager, Dealing

Key Entry Price Pivot(s):
  • $6.51
Recommended Trade:
  • Short at $6.44
  • Stop Loss at $6.60
  • Take Profit at $6.10
Alternative Case:
  • Long at $6.60
  • Stop Loss at $6.40
  • Take Profit at $6.80
Remarks:
  • Looking at the daily chart of Keppel, we can see that the price has bounced off from the resistance level of $6.51.
  • Currently, price has rejected the resistance line as well as the 20-moving average with significant volume thereby presenting an opportunity for going short.
  • We may see price extending towards the next support level at $6.10.

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