
This web log was initially created for people who trade Singapore Stocks over "weekends". It has now evolved into real trading logs and analysis of market and stock situations using technical analysis. This becomes a record of my trading and lessons learned from trading. For more trading lessons please visit: Good Investing Lessons or Good Investing Lessons (Old)
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.

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