Hourly Chart for KepLand=2.15 (Reaching yellowline...ready to take profit)
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Showing posts with label KepLand. Show all posts
Showing posts with label KepLand. Show all posts
Thursday, June 25, 2009
KepLand ready to take profit
Hourly Chart for KepLand=2.15 (Reaching yellowline...ready to take profit)
Wednesday, June 24, 2009
Ready for a technical rebound short term KepLand
MACD divergent. Hourly Chart for KepLand=2.10 (Ready for a technical rebound short term...yellowline at 2.176)
Wednesday, May 6, 2009
Going long on Keppel Land
Keppel Land is breaking out of a trading range after pulling back to support at S$1.64.
The close today at S$1.99 is strong. The last time prices were at this level was on 7Jan09. This tells us that today’s closing price has more push than all the trading sessions up to 7Jan09.
We also have a stochastic cross over signal to go long.
We recommend buying on the open with a stop at S$1.69.
With the STI running up strongly, we are betting Keppel Land will break the S$2.00 mark and continue to run up.
Resistance levels are the 200 day moving average around S$2.25 and subsequently, S$2.41, S$3.00 and S$3.20. These are number to take note of.
Profit target is the S$3.00 to S$3.20 region. We encourage investors to shift stops to breakeven around S$2.30 to S$2.40 to protect capital.
The close today at S$1.99 is strong. The last time prices were at this level was on 7Jan09. This tells us that today’s closing price has more push than all the trading sessions up to 7Jan09.
We also have a stochastic cross over signal to go long.
We recommend buying on the open with a stop at S$1.69.
With the STI running up strongly, we are betting Keppel Land will break the S$2.00 mark and continue to run up.
Resistance levels are the 200 day moving average around S$2.25 and subsequently, S$2.41, S$3.00 and S$3.20. These are number to take note of.
Profit target is the S$3.00 to S$3.20 region. We encourage investors to shift stops to breakeven around S$2.30 to S$2.40 to protect capital.
Thursday, March 19, 2009
Sell Keppel Land, Suntec Reit, F&N Technically
Keppel Land (KPLD SP; S$1.24) – SELL
• It broke below its consolidation triangle and hit a low of S$0.985. It has since rebounded to retest the breakdown level of S$1.28. Again, there is a cluster of resistances around these levels. Its 30-day SMA is also at S$1.28.
• Daily MACD has confirmed its positive cross but the momentum is weak while RSI is still below the neutral mark. Note that the RSI is no longer oversold now, which suggests that there is room on the downside from here.
• The stock remains a sell on strength. Its tough resistance is at S$1.30 is unlikely to be broken now. It could retest its recent lows of S$0.985 again in the coming days. A break below it could see the stock fall to its 2002 lows at S$0.89 before bottoming out. Only a break above the S$1.42 levels would cancel this downside target.
Keppel Land is the property arm of the Keppel Group, one of Singapore’s largest multinational groups with key businesses in offshore and marine, infrastructure, and property.
Fraser & Neave (FNN SP; S$2.17) – SELL
• The stock fell to a new 52-week low at S$1.85 before rebounding to retest the October lows at S$2.20. Again, the stock is now facing heavy resistances around these levels. Its 30-day SMA at S$2.40 would form the upper resistance level. A breakout above these levels would likely cancel out the downside targets.
• Indicators are mostly positive with only the RSI starting to hook down lower. This could be a sign pointing to weakness in the bulls. The longer term charts are still looking negative.
• Hence, this minor rebound should be seen as an opportunity to take profits. A reversal from here could see the stock fall back to close the gap at S$2.05- 2.07. Should the stock fall further below the gap, then it could easily retest the S$1.85 lows again.
Fraser and Neave is one of Southeast Asia's leading companies and its core businesses are the production and sale of soft drinks, beer & stout, dairy products; property investment and development and publishing and printing.
Suntec REIT (SUN SP; S$0.50) – SELL
• The stock hit a new all time low of S$0.495 yesterday but closed marginally higher. This new all time low suggests that the stock is technically weak. Avoid buying the stock until a short term bottom has been formed.
• The stock is still a Sell despite an oversold RSI. MACD has remained negative supports our view of selling on rebounds.
• It could continue to drift lower towards its next support levels at S$0.46 and S$0.42 next. Resistance is seen at S$0.55 and S$0.58. Continue to sell on rebound.
Suntec REIT owns prime office and retail space in the Central Business District of Singapore. Their portfolio was underpinned by a diversified pool of more than 411 retail and 124 office tenants as of 30 September 2007.
• It broke below its consolidation triangle and hit a low of S$0.985. It has since rebounded to retest the breakdown level of S$1.28. Again, there is a cluster of resistances around these levels. Its 30-day SMA is also at S$1.28.
• Daily MACD has confirmed its positive cross but the momentum is weak while RSI is still below the neutral mark. Note that the RSI is no longer oversold now, which suggests that there is room on the downside from here.
• The stock remains a sell on strength. Its tough resistance is at S$1.30 is unlikely to be broken now. It could retest its recent lows of S$0.985 again in the coming days. A break below it could see the stock fall to its 2002 lows at S$0.89 before bottoming out. Only a break above the S$1.42 levels would cancel this downside target.
Keppel Land is the property arm of the Keppel Group, one of Singapore’s largest multinational groups with key businesses in offshore and marine, infrastructure, and property.
Fraser & Neave (FNN SP; S$2.17) – SELL
• The stock fell to a new 52-week low at S$1.85 before rebounding to retest the October lows at S$2.20. Again, the stock is now facing heavy resistances around these levels. Its 30-day SMA at S$2.40 would form the upper resistance level. A breakout above these levels would likely cancel out the downside targets.
• Indicators are mostly positive with only the RSI starting to hook down lower. This could be a sign pointing to weakness in the bulls. The longer term charts are still looking negative.
• Hence, this minor rebound should be seen as an opportunity to take profits. A reversal from here could see the stock fall back to close the gap at S$2.05- 2.07. Should the stock fall further below the gap, then it could easily retest the S$1.85 lows again.
Fraser and Neave is one of Southeast Asia's leading companies and its core businesses are the production and sale of soft drinks, beer & stout, dairy products; property investment and development and publishing and printing.
Suntec REIT (SUN SP; S$0.50) – SELL
• The stock hit a new all time low of S$0.495 yesterday but closed marginally higher. This new all time low suggests that the stock is technically weak. Avoid buying the stock until a short term bottom has been formed.
• The stock is still a Sell despite an oversold RSI. MACD has remained negative supports our view of selling on rebounds.
• It could continue to drift lower towards its next support levels at S$0.46 and S$0.42 next. Resistance is seen at S$0.55 and S$0.58. Continue to sell on rebound.
Suntec REIT owns prime office and retail space in the Central Business District of Singapore. Their portfolio was underpinned by a diversified pool of more than 411 retail and 124 office tenants as of 30 September 2007.
Thursday, March 12, 2009
Sell Hyflux, NOL, Keppel Land
Hyflux (HYF SP; S$1.40) – SELL
• The stock broke below its consolidation triangle and continued to fall to recent lows. The downtrend has not ended as it would likely test the S$1.21 and S$1.11 lows again before a bottom is formed.
• Technical readings on its indicators are negative but the oversold RSI may keep the stock steady for a little while longer.
• Any rebound should be seen as an opportunity to sell into strength. Resistance is at S$1.50 and S$1.64.
Hyflux is a water treatment specialist providing integrated treatment systems for advanced water treatment and membrane filtration. It also provides one-stop shop service for the design, fabrication, installation, commissioning and maintenance of treatment systems for water purification, wastewater treatment and water recycling.
Neptune Orient Lines (NOL SP; S$0.865) – SELL
• The stock broke below its trend line support from its Nov lows and has fallen to below its October lows. The downtrend does not appear to have run its course yet. Expect more downside from here.
• MACD and RSI have hooked downwards. Resistance is at S$0.93-0.94 and S$1.04. RSI is deeply oversold now.
• S$0.83 is likely the next level to be tested next followed by a minor rebound. There is also a chance that the stock could fall to S$0.75 but we would have to see if the S$0.83 support breaks. Maintain sell on strength. The next support is at S$0.66-0.68.
Neptune Orient Line’s principal activities include the owning and operating of vessels and participating in ventures with third parties in operations related to shipping; incidental to the Company’s principal activities is the disposal of certain fixed assets, including shipping-related equipment and vessels.
Keppel Land (KPLD SP; S$0.995) – SELL
• Broke below its consolidation descending triangle which suggests that there would be more weakness ahead. It could retest its 2002 lows at S$0.89 before bottoming out. It could even fall lower but we see some support around the 2002 lows.
• Daily MACD has confirmed its dead cross and continue to be negative while RSI is now oversold.
• A minor rebound could take place soon but the stock is still a sell on strength. Its tough resistance at S$1.30 is unlikely to be broken for now. S$1.13 is a minor resistance.
Keppel Land is the property arm of the Keppel Group, one of Singapore’s largest multinational groups with key businesses in offshore and marine, infrastructure, and property.
• The stock broke below its consolidation triangle and continued to fall to recent lows. The downtrend has not ended as it would likely test the S$1.21 and S$1.11 lows again before a bottom is formed.
• Technical readings on its indicators are negative but the oversold RSI may keep the stock steady for a little while longer.
• Any rebound should be seen as an opportunity to sell into strength. Resistance is at S$1.50 and S$1.64.
Hyflux is a water treatment specialist providing integrated treatment systems for advanced water treatment and membrane filtration. It also provides one-stop shop service for the design, fabrication, installation, commissioning and maintenance of treatment systems for water purification, wastewater treatment and water recycling.
Neptune Orient Lines (NOL SP; S$0.865) – SELL
• The stock broke below its trend line support from its Nov lows and has fallen to below its October lows. The downtrend does not appear to have run its course yet. Expect more downside from here.
• MACD and RSI have hooked downwards. Resistance is at S$0.93-0.94 and S$1.04. RSI is deeply oversold now.
• S$0.83 is likely the next level to be tested next followed by a minor rebound. There is also a chance that the stock could fall to S$0.75 but we would have to see if the S$0.83 support breaks. Maintain sell on strength. The next support is at S$0.66-0.68.
Neptune Orient Line’s principal activities include the owning and operating of vessels and participating in ventures with third parties in operations related to shipping; incidental to the Company’s principal activities is the disposal of certain fixed assets, including shipping-related equipment and vessels.
Keppel Land (KPLD SP; S$0.995) – SELL
• Broke below its consolidation descending triangle which suggests that there would be more weakness ahead. It could retest its 2002 lows at S$0.89 before bottoming out. It could even fall lower but we see some support around the 2002 lows.
• Daily MACD has confirmed its dead cross and continue to be negative while RSI is now oversold.
• A minor rebound could take place soon but the stock is still a sell on strength. Its tough resistance at S$1.30 is unlikely to be broken for now. S$1.13 is a minor resistance.
Keppel Land is the property arm of the Keppel Group, one of Singapore’s largest multinational groups with key businesses in offshore and marine, infrastructure, and property.
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