Market Review and Trends
Stock Pick – Keppel Land
By Stock Market  •  July 11, 2012
Preferred Scenario: A move below 3.25 - 3.30 will see a further pullback to 3.05 - 3.07 (gap support) and 2.87 - 2.91 (gap support) in extension, offering a relative better risk reward ratio.

Alternative Scenario: A move above 3.40 will see target of 3.48 - 3.50 and 3.60 - 3.60 in extension.

Comment: Look out possibiliy of (bearish) MACD crossover.  Trading above its 20-days, 50-days, 100-days and 200- days moving average. Trading near to the upper bound of Bollinger Band. The upper bound of Bollinger Band stands at 3.40.

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