Keppel Corp – Forming A Rising Wedge
Keppel Corp is having a Rising Wedge in an up trend. This is a trend reversal pattern if KepCorp breakouts and moves down. The stock is currently trading just below 20D and 50D MA.
Keppel Corp is having a Rising Wedge in an up trend. This is a trend reversal pattern if KepCorp breakouts and moves down. The stock is currently trading just below 20D and 50D MA.
Noble is still moving up in an uptrend channel. Resistance seens at $3.23. Noble has been on the uptrend since April without a major healthy correction. OCBC Investment Research has a BUY rating for Noble with a fair value price of $3.73 (base on 14.1 PE ratio of FY2010F).
Wilmar is forming a Symmetrical Triangle and looks like going to breakout soon. If Wilmar breakout and move up, target price is $7.40. If Wilmar breakout and move down, the stock may move to $5.30. OCBC Investment Research has a BUY rating for Wilmar with a fair price of $8.23 (base on FY10F 20x EPS)