Keppel Corp – Just Sitting On a Critical Support Level

Keppel Corp is currently sitting on a critical support level. This support is a combination of up trend support, 200D MA and 23.6% Fibonacci Retracement Level. If this support is broken, Kep Corp chart will be bearish and may go down to $7.527 (38.2% Fibonacci Retracement Level). The next two immediate resistance will be 20D MA (about $8.70) and 50D MA ($9.10). Base on the support and resistance of the chart (on top of the current market sentiment) downside risk (10%) is higher while upside potential (5%) is limited.

CSE Global – Break the Up Trend Support

CSE Global has broken an up trend support and currently trading below 20D and 50D MA. The candlestick shows a potential formation of a Morning Star but need to wait for the confirmation of next trading day. Next immediate support is at $0.86 which is a 200D MA support and also 61.8% Fibonacci Retracement Level. The stock has to go above $1.00 to keep the up trend in tact.