Tuesday, 13 January 2009

Keppel Land - Update ( turning bearish ? )


back on 5th Jan , i mentioned that " watch out for resistance at 184 , break up this level could mean 218 soon , support level at 155 , watch closely ... "

indeed kep land break up 184 and proceed to touch high of 202 . Since then , it has retreated and today it broke down the short term uptrend which i have identified . I believe Kep land could proceed to test 50MA of around 167 , and if break down , mean the next support of 155 soon .. watch out for it ...


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