Stock with Momentum: Keppel Corp

February 2, 2024

Tips for Investors

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we focus on Keppel Corp Limited (SGX:BN4) as share price is on course to go further upside after it has activated our third buy limit entry price of S$6.80. (previous momentum indicator on 16 January)

Here is a look at some of the key highlights of the technical report.

  • Market Position: Keppel Corp is designated as a ‘Technical Buy’, showcasing a bullish trend.
  • Entry Prices and Support Levels: Suggested entry prices range from S$6.85 to S$7.15, with key support at S$6.90 and S$6.22.
  • Stop Loss and Resistance Levels: A stop loss is advised at S$6.69, with resistance points at S$7.45 and S$8.00.
  • Target Prices: The analysis sets target prices between S$7.52 and S$8.95.
  • Company Overview: Specializes in diverse sectors including offshore and marine, property, infrastructure, and investments, focusing on sustainable and green solutions.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Disclaimer in the report attached

Chua Wei Ren, CMT

With over 12 years’ experience, Wei Ren is a market strategist who specialises in Technical Analysis and Macro Economics. Leveraging core price action trading strategy with classical technical analysis to spot market movements for entries and exits, he believes that historical data plays a pertinent role in how market prices would impact future trades. Wei Ren also writes for CGSi Trendspotter, a daily market outlook report that aims to identify trading ideas in Singapore, as well as China and Hong Kong’s equity markets. A seasoned presenter, he has been hosting live webinars since the start of his career as a market strategist and has been featured on various mainstream media platforms including The Business Times ‘Chart Point’ and Capital 95.8.

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