With the current uncertainty, the prices is expected trend down further. Even if there is a rescue package (which should be one), the price may bounce back and trend down again. Good position to accumulate would be somewhere around $6.00 to $7.00.
Wednesday, October 1, 2008
Keppel Corp - Not Ready to accumulate
Keppel Corp is continuing the down trend. One of the main reason is the overall industry outlook. The demand for oil rig construction is expected to shrink and some of its competitors are facing order cancellation. This certainly puts pressure on KepCorp price. Currently, it is trading in a down trend channel.
With the current uncertainty, the prices is expected trend down further. Even if there is a rescue package (which should be one), the price may bounce back and trend down again. Good position to accumulate would be somewhere around $6.00 to $7.00.
With the current uncertainty, the prices is expected trend down further. Even if there is a rescue package (which should be one), the price may bounce back and trend down again. Good position to accumulate would be somewhere around $6.00 to $7.00.
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About Me
- ES Sei
- I'd like to share my experiences and knowledge about healthy and happy living as well as mid-life crisis. 不以物喜，不以己悲。
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