Thursday, October 15, 2009
Keppel Corp - Testing the resistance for the 3rd time!
Keppel Corp is testing the $8.45 resistance for the 3rd time! If it cannot break the resistance, a triple tops may be formed. There is also a divergence in price vs volume. If tomorrow market open gap down and end with a bearish candle, an Evening Star is formed and the trend will be reversed. The price may move down to around $7.00 level.
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Keppel Corp did not form a evening star and did not break the resistance last Friday. The volume did not pick up either, it really need a SUPER Strong Bull to break the resistance and sustain the up trend.
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