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Stock Analysis with ChartNexus
 
Singapore

KepLand
 

The multi-month downtrend has started to reverse to the upside for KepLand. It has started to display a series of higher lows, higher highs and trades above the 20/50-day moving averages. In addition, the MACD trend indicator has also managed cross above the centerline. These observations suggest the presence of a bullish trend. However, an indecisive candlestick pattern called “Spinning Top” has been spotted on 4th April 2011 and the Stochastic oscillator has started to inch down from the overbought region. Thus, KepLand may face the risk of a pullback towards the immediate support at $4.37 before resuming its uptrend. On the upside, be on the lookout for the immediate resistance at $4.72 and a break above it may trigger a further upside push to target $4.90 next. However, failure to hold above the immediate support at $4.37 may spark a sell-off towards the next support at $4.03. 

 
 
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