As I kept my trading plan intact on not to go long as posted on my blog yesterday, indeed, the rising prices for Keppel Corp could not last any longer with today's Fake Breakout 15 mins ago contained heavy sellers who looked to book profits and some even went short. The gap up as indicated by a cross was the culprit for this sell down as we are witnessing now.
http://stockmarketmindgames.blogspot.sg/2014/12/keppel-corp-closed-day-high.html
http://stockmarketmindgames.blogspot.sg/2014/12/keppel-corp-4-consecutive-days.html
In the near term, I can only see Keppel Corp suffering reactions and to go long on this stock again, I would need to observe hidden selling with a good timing to re enter again. As of now, it's all the sellers heaven. :)
Ronald K - Market Psychologist - The Big Speculator
