Keppel Corp: Fighting with 200D SMA Resistance

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.


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