KepCorp: 9 February 2014, Sunday, 3.01pm Singapore Time
Chart courtesy of Chartnexus.com
On August 2012, I warned of Kepcorp distribution going on:
http://donovan-ang.blogspot.sg/2012/08/kepcorp-18-august-2012-saturday-615pm.html
Attached above is follow-up on the Technical Analysis of Keppel Corp.
All illustrations above are self-explanatory.
First target: $7.90
If $9.56 gets backtest-resisted successfully during this downwave, Kepcorp will carry on a long term bearishness.
Note that Kepcorp is a strong stock. What this means is that find other weak stocks to short and not find this strong stock as shorting target.
In markets, the foundation of all rules is to never short strongest and never buy weakest.
Donovan Norfolk Ang Rating:
Bearish for the long term.
Unload/Sell/Short on every Rebound
(Hint for Worldwide Markets: Bearish)
If you're not getting out for safety, are you prepared
for the high downside with substantial loss for those with buys/longs/investment portfolio?
for the high downside with substantial loss for those with buys/longs/investment portfolio?
(Expect to see first real wave of Margin Calls worldwide that had not been seen since 2008 financial crisis)
All Past Kepcorp Analyses:
http://donovan-ang.blogspot.sg/search/label/KepCorp
All Past Kepcorp Analyses:
http://donovan-ang.blogspot.sg/search/label/KepCorp
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