Kep Corp has slid 23.3% from $9.53 on 14 Apr 2015 to $7.31 today. RSI touches 10.9 today. This is near its 15 year low oversold level of 9.2 since 2000. Based on Chart 1 below, it is apparent that Kep Corp is in a strong downtrend. However, there is likely to be a technical rebound due to extreme oversold pressures.

Near term supports: $7.30 – 7.31 / 7.24 – 7.26

Near term resistances: $7.50 / 7.71 – 7.80

Chart 1: Kep Corp entrenched in a strong down trend

Source: CIMB chart as of 3 Aug 2015

For the past three days, Kep Corp has launched share buybacks and bought back 325K shares @ ($7.84 – 7.91), 500K shares @($7.54 – 7.77) and 500K shares @($7.42 – ...