Post Reply
1361-1380 of 2153
enter only when retreat below 8
Keppel Corp
Bullish breakout suggests more upside potential
Likely more upside ahead.
more upside potential in the days ahead after initiating a bullish
breakout from its 1-month flag consolidation pattern on heavy volume
yesterday. Incidentally, yesterday’s breakout also took place at
its key $7.70 key support (key resistance-turned-support level and
lower boundary of 6-month uptrend channel).
Keppel Corp (KepCorp) could seePositive signs from indicators.
strongly from the 50% mark and the MACD indicator rebounding
off the centerline and initiating a bullish crossover in the process,
these seem to suggest a build-up in upside momentum.
With the RSI rebounding offInitial resistance zone at $8.45.
to the key resistance zone at $8.45 (2009 high), breaking which,
the next resistance is at around $9.19 (minor peak in Sep ‘08).
We expect the stock to advanceImmediate support at $7.70.
support, we pegged the subsequent supports at $7.00 (resistanceturned-
support) and $6.38 (minor troughs in Jun and Jul ‘09).
Beyond the $7.70 immediateNote: We currently have a fundamental HOLD rating on KepCorp
with $8.20 fair value
11 Sep 2009
MITA No. 020/06/2009Please refer to the important disclosures at the back of this document.
Philip Teo
(65) 6531 9807
e-mail: philipteo@ocbc-research.com
ykjuay ( Date: 11-Sep-2009 16:43) Posted:
|
Kepcorp cheong ah.
Going up fast today,now at 8.20
Check out the latest news on Business Times of Keppel Corp's delivery of new oil rigs ahead of schedule to Vietnam customer. Oil prices may be stabilising and more orders for oil rig contracts may be in the news for oil rig builders like Keppel Corp and Semb Corp. Oil is a necessary commodity that is still in demand and always will be in demand worldwide, and as oil reserves on land gets depleted, more oil exploration will have to be done offshore benefitting businesses dealing directly or indirectly in offshore oil exploration. This is an inevitable trend that will come unless that is breaking news of discovery of an easily accesible and cheap alternative fuel that can totally replace the requirements of oil totally.
<Just my two cents worth>
Well done guys...when a forumer makes a blunder......or blabbering nonsensical comment......misleading others...senior members or those with knowledge on the discussed content ought to come in and stop these nonsense........else
AK_Francis ( Date: 10-Sep-2009 10:42) Posted:
|
Yoh dear comrade, anything do with SPC sus, since announced in 10 Jul 09, of KepCorp 45.51% stake of SPC passed hand to Petrol China Int, and subsq mandatory acc of others stake holders, including AK, end 28 Aug 09?
The gain of S$ 422.2m fr d sales alrdy coughed in d 1H result, resulting coy earning soared 82.7%, though old news, for sharing loh. Cheers.
senecus ( Date: 10-Sep-2009 10:22) Posted:
|
senecus ( Date: 10-Sep-2009 10:22) Posted:
|