I was looking at Kepcorp's chart and studying the campaign closely. I am almost 90% sure it is in a distribution mode now where sellers are looking to bring prices further down. Signs of fatigue could be observed in many areas of the chart where buyers were already very exhausted. With oil prices going up, up and up, Kepcorp is going to take a toll on its earnings i believe and when that happens this stock is going down the drain. The recent run up could be to trap more buyers so that sellers could sell more. Today is a good short and the stop loss is tight. I believe the the risk and reward ratio is there where huge profits could be made with minimal losses.
Ronald K
Update:
More weakness developed for Kepcorp as i continue to watch it trading over the exchange. I am thinking right after the CA which turns into XA, the real selling will start fast and furious. The recent article http://www.sharesinv.com/articles/2011/03/21/keppel-corp-outperform-sti/ has no effect on the prices of Kepcorp. If little generals view this as a bullish news, the price would have already soared!
