SG Stocks To Watch (Keppel Corp & SembCorp Ind)

 

2016May-Keppel Corp-800x600

Keppel Corp (SGD: BN4)

Keppel Corp is currently supported ($5.09 Level) within its lower downtrend channel formation that was established since early March 2016. During the bearish development, Keppel Corp has reflected a Bullish Divergence within its MACD Histogram against its absolute price, signifying potential strength ahead in this development.

At current junction, the critical support level to watch for is $5.09 resistance turned support level, for further acceleration of downside pressure. A violation of resistance at $5.95 will negate this downtrend channel formation.

2016May-Sembcorp Ind-800x600

SembCorp Ind (SGX:U96)

SembCorp Ind price momentum behavior has almost mirrored to Keppel Corp over this 6 weeks of development (Oil & Gas Industry). It is also currently supported within its lower downtrend channel formation that was established since early March 2016, and has reflected a Bullish Divergence within its MACD Histogram against its absolute price, signifying potential strength ahead in this development.

At current junction, the critical support level to watch for is $2.59 support level, for further acceleration of downside pressure. A violation of resistance at $3.07 will negate this downtrend channel formation.

Jeffsun
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