mchongmy wrote a post · Jul 25, 2022 03:07

Anyone considering buying KEPCORP?

Hi guys! anyone considering going long for $KEPPEL CORPORATION LIMITED(BN4.SI)$ ?

On the H4, with price bouncing off the ichimoku cloud and breaking out of the descending trend channel, we have a bullish bias that price will rise from the entry at 283.7500 at the overlap support. If price rises and breaks the intermediate resistance at 305.4490 at the multiple swing high in line with the 61.8% fibonacci retracement, we will have upside confirmation that price will rise to the take profit at 330.1410 at the horizontal swing high in line with the 38.2% fibonacci retracement. Alternatively, price may break the support structure at the entry and drop to the stop loss at the swing low at 254.5686.

let me know what you guys think!

Buy entry: 283.7500

Take profit: 330.1410

Stop loss: 254.5686