Keppel Corp stock had shown a multi-week congestion above support of a longer-term rising trendline near 11.26 before eventually clearing the upper range confine at 11.70 last Wednesday. This bullish breakout implied resumption of the major bull market towards a target at 12.40. Price hit a 31 month-high at 12.46 on Thursday and shaped a bearish candle in the daily chart, indicating a possible near-term pullback. The past two sessions the stock finally pulled back sharply and reached the prior breakout level at 11.70 on yesterday's drop. This overbought correction could extend in price and time. Next support is seen at 11.42 and then 11.24. Violation of the latter level would inflict serious technical damage and shift the mid-term bias from bullish to neutral. Next resistance is yesterday's downside gap at 11.86. Key resistance is seen at 12.46/12.50. A weekly close above 12.50 could trigger follow-through buying pressure towards 13.80 intermediate-term.

 

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Haha krisluke FBI agent??

Cool, you are most WANTED here!!

PRESS RELEASE OUT LIAO. Can check sgx filing code keppel corp ltd...

says secured contracts worth US$416 millions from discovery offshore s.a with options for 2 more total to us $840 millions. Expects delivery in 1H and 2H 2013 respectively. The construction, marketing and operation of both units will be managed by NASDAQ-listed Hercules Offshore, Inc. (Hercules Offshore), which is a leading global operator of jackup and liftboat assets.