Skip to main content

Keppel Corp - signs of oversold?

I seldom put up speculative posts, but can't resist one here. Maybe signs of oversold have been long overdue but now is SUPER oversold.

BN4
All time high this year: $9.54
All time low this year: $4.82

RSI is at extreme low of 30.67.

Volumes are higher than usual last week plus consecutive price falls are indicative of big sell-down. Are investors capitulating or what? (And I also wonder if brokerages have enough shares to lend those short traders.)

DateOpenHighLowCloseVolumeAdj Close*
Jan 15, 20164.954.984.824.8410,188,0004.84
Jan 14, 20164.975.004.864.8617,776,1004.86
Jan 13, 20165.215.285.105.1914,299,3005.19
Jan 12, 20165.505.535.155.1518,285,7005.15
Jan 11, 20165.705.715.505.5411,156,5005.54
Jan 8, 20165.685.915.625.8013,107,6005.80
Jan 7, 20166.156.155.815.8219,195,8005.82
Jan 6, 20166.426.436.216.239,350,4006.23

Bollinger band is no where near narrowing, guess the price would fall further but should be seeing consolidation soon if volume dwindles in the coming weeks. 1 year low touched: $3.56

No near term signs of reversal (but I think might be near).

The Sete Brasil threat is still on the brink. The outcome would impact its share price and determine the coming support level.
--------------------------

A side note for DBS: No buy
1 year RSI 34.41
5 years low: $11.52
Bargain pick point below $12?

A side note for OCBC: No buy
1 year RSI 36.63
Retesting 5 years low at $7.66
Wait and see if will support or break below.

I seldom work with TA, so anyone with differing views / indicators usage please enlighten.

Just wondering is there any point in buying STI ETF if one want to bottom-fish the worst performing big blue chips in the STI ETF (since the strength of STI recovery is dependent on these big fishes).

My take now is to nibble slowly or risk getting indigestion.

***
Mini update from external source:

Analysts came up with an article today 19/01/16 saying that the Keppel share price has fallen to the point where O&M sectored has been valued to below zero - http://singaporestockmarketnews.com/2016/01/keppel-corp-buy-keppel-and-get-offshore-division-free/


Disclaimer: The information here is for reference purpose and does not serve as investment advice. Please exercise your own discretion in using them.
Labels:

Comments

Post a Comment

Popular posts from this blog

Reflections for year 2024

2024 has been a relatively peaceful year. So peaceful that I have read countless novels and other books, met my sports buddies almost every weekend and picked up horticulture. Physical and mental health As we say, health is wealth. I have stuck fairly consistently with my exercise regime and tried to include more fruits and vegetables in my meals (although I eat out more and cook less these days). My weight, BP and cholesterol levels are doing ok. For those 40 years and above, remember to get your  subsidized health screenings from the government . Working less and meeting up with friends more contributed to an improved mental health. I see that the government has stepped up on initiatives in the community but work place initiatives from employers still seemed lackluster, especially for those who can't WFH and need to commit 44 hours or more a week at frontline work. I have also started a Gratitude journey to celebrate all my little life milestones. Financials Investment wise ...
Post a Comment
Read more

The best credit card for my new house renovation

As updated in my previous post, I have finally bought my own place. For the past few months I have been busy coordinating with various contractors and vendors for my house renovation. As I am still on A flexi work schedule, I decided to be my own ID. With only a simple renovation plan in mind, I set my reno budget at $20,000 (aircon & fixtures inclusive). The renovation process and acting as my own ID were not as easy as I thought. It took me about a month to gather and compare quotations from different contractors and another few weeks to finalize all the things that I need my chosen contractor to do. I eventually settled for a main contractor who specializes in carpentry work but also provides painting, tiling and electrical services. I have grossly underestimated the amount of defects that need fixing for this resale flat. Fortunately, the floor tiles and some of the existing built-ins are still in good condition so I kept them, otherwise I would have burst my budget. The first ...
Post a Comment
Read more

Shit happens and I lost my low-hanging fruits

My POSB SAYE account just hit its 25th month —the much-anticipated “month of maturity.” I was all ready to enjoy the 3.5% bonus interest I’d patiently saved for… only to receive a measly $17+ cash gift instead of a few hundred dollars. I was about to send a message to query the bank what caused this interest drop versus what I have gotten on the 13th month. Confused, I double checked my account history and— gasp! —found a single $50 transfer I’d made to a joint account in one of the past months. I hadn’t even realized that I’d chosen the SAYE account as the fund transfer source. For those unfamiliar with the T&Cs of POSB SAYE: “To receive the additional 3.5% p.a. Cash Gift Interest, ensure that you do not make any withdrawal from your POSB SAYE account.”   “If a withdrawal is made in the month, this will result in the previously accumulated additional 3.5% p.a. interest to be forfeited.” Yes, one tiny transfer = months of bonus interest gone . Even depositing it back the...
Post a Comment
Read more