I am studying the trend for Keppel Corp and it looks like the stock had been selling down for year while oil is not performing. After reaching a peak as shown in the daily chart, the stock started to suffer mostly selling and sellers continue to slam down the stock every time it tried to rebound. As the months passed and 1 year elapsed, the down trend was getting more and more obvious. However every down trend will one day bounce back again with buyers where there was a recent bounce up in Keppel at the moment. Short term wise, it couldn't sustain because it hit a major supply zone. But in the longer view, I need to see more signs of strength before taking a long position. This stock is definitely in my watch list since the stock is pretty battered down now.
The market will tell me what to do. Either the trend will continue higher or it shall nullify and cancel out previous indications. It tells you: Get in, Get Out, Move you stop, Close out, Stay neutral and Wait for a better opportunity. Until now, there is only a rebound but soon should the stock starts to turn with no sellers, it shall be the time to hope in. Watching closely.
Ronald K - Market Psychologist - A Stock Market Opportunist
