On Thursday, Kepcorp re-test the resistance at $10.97 and closed at $10.90 with LOW volume of 3.84 million shares traded.

Both RSI & MACD are bullish though RSI in overbought region.

Important Resistance of Kepcorp: $10.97

Immediate Support of Kepcorp: $10.69

Currently prices are resisted by 100/200 days MA at $10.97

Since 19 April, prices have been consolidating between the support at $10.33 and resistance at %10.97/$11.16.

The support at $10.97 is expected to be strong.

We would not suggest buying now near the $10.97 critical resistance as investors are likely to take profit at that level especially when RSI in overbought region

Important News

Keppel Corp. (BN4.SG) 2Q net profit fell 33% to S$346.8 million in the April-to-June period compared with S$520.9 million a year ago mainly because of a one-time gain last year, …