Singapore Stock Watch 24 Jan 2017

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24/1/17

Keppel Corp

  • Since stock hit a year high of $6.31 in Dec last year, it has retraced to find support just below the $5.8 range.
  • Following that in the past 2 weeks, prices have risen steadily before consolidating again, this time finding support just above $6.
  • A breakout above the high of $6.31 should signal the start of a mid term uptrend, provided the support level of $6 holds.
  • Entry @ $6.32 with Stop @ $5.99

Sembcorp Ind

  • From the start of 2017, stock prices have risen steadily, most recently finding support just above $3.
  • We saw a breakout above its 2016 high of $3.17 today with decent volume backing the move
  • Chart pattern indicates a good probability of an uptrend starting
  • Entry @ $3.2 with Stop @ $2.99