Keppel Corp has been fighting to clear the 200D SMA resistance for past 9 occasions. This 200D SMA level is also the neckline for the Inverted Head and Shoulders & 50% Fibonacci Retracement Level.
- Bullish Scenario: Keppel Corp moves above $11.00 with price target of $11.90.
- Bearish Scenario: Keppel Corp rejected at this resistance and retraces back to $10.35 support or $10.00 support.
Note: MACD is weakening.
Original post by Marubozu @ My Stocks Investing Journey.