Divergence Trader

Trading Idea - Kepcorp shares sank to support and bound (Long)

Francis Chua
Publish date: Mon, 17 Nov 2014, 04:41 PM
Francis Chua
0 10,452
To find the truth, look below the surface

Like most trader or investors, I have been watching Keppel Corp for a couple of weeks.

Today the price fall to $9.11, it sank to support and bound back. This trigger my alert on Keppel Corp (Long position) .

The weekly chart is holding the support, while the daily had showed some buying interests.

Every trader needs a strategy and you have to follow the plan. If there is no strategy, then there is no trade.

So this will be my plan:

My strategy will be putting a hard stop at $9.

Target will be $9.30

Best wishes,

Divergence Trader Francis

Kepcorp

 

Disclaimer: This blog is created for the sole purpose of education, discussion and knowledge sharing. All charts and information can be obtained freely from the internet. All analysis are based on my own personal view and years of experience. It should not be used as a decision to solicit buy/sell activity. Use all information at your own discretion and practice due diligence.

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