Keppel Land: Trading in either Sideway Consolidation or Down Side

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There are a few chart patterns observed in Keppel Land Chart. Keppel Land is currently trading in a Descending Triangle (Range between $3.62 and $3.27). If $3.27 support is broken, Keppel Land will continue the fall in a Down Trend Channel with price target at about $2.70 (also the 161.8% Fibonacci Retracement Level).

Alternate scenario will be Keppel Land breaks the Triangle resistance at about $3.62 and $3.735 (neckline of Double Bottom), this pattern will confirm the trend reversal to upside.

Critical Level to watch:

  • $3.27 Support
  • $3.62 Resistance

Last Analysis on Keppel Land.

2013Sept13-KeppelLand

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Monsanto (MON) Trade Idea

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Technical Analysis

MON rebounded but rejected at the down trend channel resistance with Bearish Engulfing candlestick pattern. This is the reversal pattern. Similar trade setup as previous one except different strike price and different expiry date.

See previous analysis for Monsanto (MON) Trade idea here. This is a perfect example that we can trade the same stock again and again if you understand the stock well which has predictable chart pattern.

MON Sept6-2013

Trading Strategy: Short Call Spread 100/105

  • Direction: Bearish
  • STO MON Oct 13 100 Call
  • BTO MON Oct 13 105 Call
  • Entry: $100.86
  • Price Target: $90 by Oct expiry
  • Breakeven Price: $102.10
  • Max Profit: $840
  • Max Loss: $1160
  • Reward vs Risk: 0.72
  • Probability Price Below Breakeven: 62.45%
  • Cut loss if MON goes above $105 as the down trend channel chart pattern is no longer valid.

Chart from thinkorswim, open an account to get FREE chart here. Original post by Marubozu.

 

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