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Lets Us Hear The Roar Of The Metal Tiger
 
Singapore

KepLand
 

The property sector is one of the major business sectors that will influence the movement of the general market tremendously. After facing a steep decline from early January 2010 to February 2010, property stocks are showing signs of a recovery. One of the top performer from the property sector is KepLand. It has started to trade back above the 20, 50 and 100-day moving averages and the MACD trend indicator continues to trend upwards above its centerline which confirms the presence of the bullish trend for Kepland.  Upside momentum is also intact as the MFI oscillator continues to inch up towards the 80% overbought level. Given such positive configurations, KepLand is poised to see further upside potential towards the immediate resistance at $3.78 and a break above it may see a further rally towards its next upside target of $4.14. However a break below the immediate support at $3.48 may see the risk of a sell-off towards the next stronger support at $3.21.

 
 
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