On 1 Dec 2016, one Singapore stock has rocketed up while the investing community was going about their normal trading and investing activities. This Singapore stock has risen up together with its peers and if you have noticed how the Singapore stocks markets have traded, it is of no surprise to you that the Singapore stock which I am talking about is an oil-related stock. To recap, oil-related stocks have risen in price due to OPEC’s decision to cut oil production.
The stock which I am talking about is none other than Keppel Corp stock which gave an impressive upshot of 8.1% on a much higher volume (which is two or three times than the average daily trading volume) on 1 Dec 2016. Keppel Corp stock has ROCKETED in price as its price has transcended above the intersection of the 20DMA,50DMA,100DMA,200DMA (DMA means “Daily Moving Average) and rallied past ......