Fundamental Analysis and Valuation Comparison of Singapore Property Stocks: Capitaland, Ho Bee, Keppel Land, City Development, Guocoland, HongKong Land, Yanlord and WingTai.
Previous post for different valuation method, e.g. PE and PEG.
Kepland is turning down again after the recent rebound. Keppel Land has failed to break the resistances at about $2.75 – $2.80 (Support Turned Resistance Down trend line, 50% FR, 50D MA). Expect Kepland to continue to slide to the next support at $2.34 (38.2% FR) followed by $1.77 (23.6% FR).
Kepland is trading in a down trend although rebounded from the 50% Fibonacci Support.
Immediate resistance is the 61.8% Fibonacci Resistance at $3.665, followed by next important resistances at around $4.00 to $4.20 region. $4.20 is the 200D MA resistance. Failing to break above $4.20 continues the downtrend for Kepland.
