Kepland reached 52 weeks high resistance. Good opportunity to short at the resistance when there is a reversal candle appears. Next immediate support is about $3.45 (20D SMA) to $3.50 followed by $3.30 (200D SMA). This is a high risk trade as Kepland is on long term up trend (200D SMA is sloping up) and should cut loss if $3.60 resistance is broken.
- Post author:Marubozu
- Post published:November 30, 2012
- Post category:Keppel Land
- Post comments:0 Comments