In my earlier post in the morning, I was referring that Keppel is moving downwards towards 6.
I did not expect the stock to touch the lows of 6 today. Looks like the volume is low as many are staying on the side line. Probably, it is the shortists out today. The sentiment is still negative.
The lows for the year is around 5.8. I think 6 is an acceptable entry point. I think there is a possibility that it will go lower. It is hard for one to catch the low. It would be interesting to review the next quarter results to determine the outcome. It is trending towards the oversold region of the RSI. Momentum does not show a steep fall.
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| Keppel Stock Chart |
Sembcorp is not spared too. I mentioned in previous postings that it will fall towards 2.1 mark.
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| SembCorp Stock Chart |
Sembmarine is very low today. It closed lower like others. There is a flip flop between bears and bulls. There is no interest. I think it will drop below 1.15.
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| SembMarine Stock Corp |
Please see my disclaimer in my blog...
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