Keppel Land (Kepland): The End of the Up Trend

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Keppel Land (Kepland)’s uptrend ended after breaking down from the Falling Wedge and break the uptrend support. A Bullish Harami candlestick pattern was formed at 78.6% Fibonacci Retracement Support Level and thus expect KepLand to consolidate around $4.19. Also take note that this $4.19 is also the 200D MA support. Next support are $3.85 followed by $3.514 (61.8% Fibonacci Retracement Level) if Kepland breaks this 200D MA support.

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SATS: Continue Down Trend!

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SATS is closing in the price target of $2.57 after breakdown a Multiple Tops chart pattern. SATS is currently trading trading below 20D, 50D and 200D and the down trend may continue to $2.256 (61.8% Fibonacci Retracement Level).  SATS may rebound at about 78.6% Fibonacci Retracement Support level before continue to down trend.

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