Shares & Derivatives
Keppel Corp – W Shape Recovery (Double Bottom)
By StockBrokerPlaysPoker  •  February 3, 2015
I previously wrote about my new position in Kep Corp here. It has since made a strong rally and I'm currently sitting on over 7% of paper gains. A novice investor may be excited and quickly sell out for a sizable profit. But before we do so lets look at the 3 month chart on keppel corp above. What we are seeing here in layman terms is called a W shape recovery, or in technical analysis terms we call it a double bottom, a very bullish sign if kep corp can break its previous mid resistance level of 8.86 (the middle of the W) However we cannot strictly depend on charts, its better common sense to see how the Kepland deal plays out, like how much % shares acquired, how the debt financing will be done etc. All these followed by the juicy 36 dividends coming in a few ......
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By StockBrokerPlaysPoker
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