On Thursday, Kepcorp trend downwards and closed at $9.13 with regular volume of 2.35 million shares traded.
An inverted hammer occurred. If this occurs during a downtrend it implies a reversal. Look for a confirmation of the reversal on the bar.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Kepcorp: $9.55
Immediate Support of Kepcorp: $8.92
Currently prices are resisted by the 100 days MA at $9.55
From the chart, we could see that prices are forming a systematical triangle.
The breakout of the systematical triangle could be in either direction.
Watch for the support at $8.92 and resistance at $9.55 for the signal.
Stock Chart: KepCorp! is contributed by : Singapore Stock Information Exchange