Keppel Land seems completed the Dead Cat Bounce after rejected at the the previous support turned resistance (the neckline of Multiple Tops), 200D SMA and 50% Fibonacci Retracement Level. Keppel Land is clearly trading in a down trend channel and turning down after rejected at the channel resistance. Price target $2.80 which is the 150% FR level.
By Marubozu https://mystocksinvesting.com
Key Statistics for KPLD
| Current P/E Ratio (ttm) | 6.9923 |
|---|---|
| Estimated P/E(12/2013) | 14.0927 |
| Relative P/E vs. FSSTI | 0.5277 |
| Earnings Per Share (SGD) (ttm) | 0.5220 |
| Est. EPS (SGD) (12/2013) | 0.2590 |
| Est. PEG Ratio | 1.3939 |
| Market Cap (M SGD) | 5,642.58 |
| Shares Outstanding (M) | 1,545.91 |
| 30 Day Average Volume | 2,567,200 |
| Price/Book (mrq) | 0.8995 |
| Price/Sale (ttm) | 4.7384 |
| Dividend Indicated Gross Yield | 3.29% |
| Cash Dividend (SGD) | 0.1200 |
| Last Dividend | 04/23/2013 |
| 5 Year Dividend Growth | -3.35% |
| Next Earnings Announcement | 10/17/2013 |
Could the recent china announcement on real estate disrupt the technical trends of kepland and its peers?
Technical analysis can be void or disrupted by major economic data, monetary policy, interest rate, company earnings, unexpected news like scandal or legal lawsuit. So, one have to be aware of the above events and cannot 100% rely on TA to trade.