Affected by recent oil price retreatment, price of Keppel Corp share had also retreat from the high of $10.29. About 15% discount from the high had made current price become more attractive. However, at what price is consider the greatest support level for Keppel Corp?
Base on the chart, definitely current level is not the best chance for any entry. We are looking at stronger support ground at $8.50 level which also resistance for the price in the past. Entering at a.m. level with golden cross signal on stochastic are expected to give a rebound opportunity and short term profit.
