Kepland: Turning Down Again

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Kepland is turning down again after the recent rebound. Keppel Land has failed to break the resistances at about $2.75 – $2.80 (Support Turned Resistance Down trend line, 50% FR, 50D MA). Expect Kepland to continue to slide to the next support at $2.34 (38.2% FR) followed by $1.77 (23.6% FR).

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Noble Group: Still On Down Trend

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Noble Group is currently testing previous down trend channel support turned resistance at about $1.45 level. This level is also the 50D MA resistance and 78.6% Fibonacci Resistance. Base on current Noble’s chart pattern, the stock will probably reverse the current rebound and continue the medium down trend unless the 50D MA resistance and the previous high of $1.60 resistance is broken.

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Pacific Andes: Down Trend Start Soon

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Pacific Andes is unable to break above the previous uptrend support turned resistance. PacAndes is currently trading below 20D, 50D and 200D MA. Critical support is $0.31 which is the 61.8% Fibonacci Support and also the neckline of a Head and Shoulders trend reversal chart pattern.  Breaking the neckline may send PacAndes to about $0.25 level.

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