Keppel Corporation (BN4, SGX) based on the chart:
1. Trend Analysis:
- Overall Trend: The market transitioned from a downtrend (first half of the chart) to an uptrend (second half).
- Recent Higher Highs & Higher Lows (Uptrend):
- Higher lows: 6.36 → 6.34 → 6.63
- Higher highs: 6.75 → 6.91 → 7.03
- This confirms an uptrend, though the highs are close together, suggesting slowing momentum.
- Signs of Trend Weakening:
- Recent bars are overlapping, indicating consolidation.
- The last few bars have smaller ranges, meaning buying pressure might be fading.
2. Key Price Action Signals:
- Strong Trend Bars:
- August’s sell-off had long bearish bars with high volume, but buyers quickly stepped in, reversing the move.
- Reversal Bars:
- The strong bounce from 6.36 and later from 6.34 shows rejection of lower prices.
- Some pin bars around 6.68 suggest indecision before continuation.
- Inside Bars:
- Multiple inside bars near 6.75–6.91 suggest consolidation before the breakout.
- Doji Bars & Their Context:
- Doji bars near 6.68 indicate hesitation before continuation.
3. Support & Resistance Levels:
- Major Support: 6.34, 6.51, 6.63
- Major Resistance: 6.75, 6.91, 7.03
- Price Reactions: Price has respected 6.63 as a base, indicating strong demand.
4. Breakout & Pullback Analysis:
- Breakouts:
- The breakout above 6.75 had moderate momentum but lacked strong follow-through.
- Pullbacks:
- The price pulled back to 6.63 but buyers defended it.
- Current price action suggests a retest of 7.03, but momentum needs confirmation.
5. Market Context & Trading Bias:
- Current Phase: In an uptrend, but approaching resistance at 7.03.
- Potential Trend Change: If price fails to break 7.03, a pullback to 6.63 is likely.
- Trader Psychology:
- Buyers are in control but cautious.
- If 7.03 is rejected, it could signal profit-taking or reversal.
Final Bias: Cautiously bullish. If 6.63 holds, price may break higher. However, signs of exhaustion suggest a possible range-bound phase.
Disclaimer:Please note that this analysis is for educational purposes only and should not be taken as investment advice. Trading involves significant risk, and you should consult with a financial advisor before making any decisions.
Dividend: 4.99%
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