Keppel Corp (SG: BN4) has been consolidating since January 2021 despite a breakout of the pennant/symmetrical triangle. Recent technical indicates that the stock is poised for a bullish rally:   

1. The first signal of a bullish upside is on 14^th October 2021 when prices broke out of the smaller range box between August 2021 to October 2021. The strong bullish candle was confirmed on the following days when it touched the gap resistance zone at S$5.48-$5.52
2. The resistance zone between S$5.55-S$5.65 has been tested multiple times and it may be weakened as a result. Hence, bullish upside may come back on this time occasion.
3. Bullish inside bar has formed strongly, citing a potential bullish continuation.

*Expected timeline of the trade is 15 weeks from the date of report issuance.

CHART LEGEND

Pennant period (Black dotted line)  – Jan 2021 to July 2021

Large range box (Blue dotted line) – May 2021 to present

Small range box (Light blue dotted line) – August 2021 to October 2021