*This is an updated report from 17th May 2019
Support 1: 6.98 Resistance 1: 5.89
Resistance 2: 5.66
Our initial buy call on Keppel Corp has swung into a loss since the stock broke below 6.00. At this current juncture, our trading stance is in shorting the stock, due to the technical factors below. The stock will most likely head for a slight rebound till 6.19 and then face further correction.
Red line = 200 period moving average
Blue line = 50 period moving average
Green line = 22 period moving average