In previous Keppel Corp analyses, I warned of huge distribution going on:
Keppel Corp has transited to bear market. Only a capture of $11.20 will negate a long term bear market for Keppel Corp; otherwise, this long term bear market for Keppel Corp will persist.
Testing $7.90 support
Second (Mid Term) Target:
Break down $7.90 support fiercely for multi-year lows
Test the $1.30 support area and may slightly break down $1.30 in a Secular Trending Bear Market for Oil, resulting in -85% to -90% loss in price from peak.
Stocks and equities worldwide to be continued to be unloaded and shorted big time by the financial markets especially in Europe and Asia.
for the high downside with substantial loss, especially for those with large investment portfolio?
All Past Kepcorp Analyses: