Keppel Corp has formed an Ascending Triangle but it may form a Triple Tops if the stock breakdown from the Ascending Triangle. If the stock can stay within the Ascending Triangle and breakout from the resistance line of $8.42, the stock may go up to $10.30.
However, if Keppel Corp breakdown from the Ascending Triangle at around $8.20 and goes below $7.80, a Triple Tops is formed and send the stock to $7.20.
I have also compiled Analysts’ recommendation in the following table:
Keppel Corp still has upside potential base on today’s closing price of $8.19. The key consideration is to time the right price to buy to maximise the gain.