Shares & Derivatives
Stocks which are heading up
By Singapore Stocks Investing (SSI)  •  February 4, 2015
The rally in the oil prices sent some oil-related stocks higher today (4 Feb 2015) as their stock prices went above the low price levels caused by low oil prices. Keppel corp was one of the star oil-related stocks today as its stock price headed up 1 % to close at $8.94. To me, I believe there should be more room for Keppel Corp stock to move higher as it gapped up beyond the resistance of $8.85. However, there may be some profit-selling as the stock is now in the overbought region in terms of RSI. Another stock that is also heading up north is Noble Group stock. When I look at the price chart, this stock has moved up beyond the $1.08 trend line resistance. The current resistance formed by the current price at $1.10 looks strong and should Noble Group move above this resistance, ......
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By Singapore Stocks Investing (SSI)
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