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07-07-2008, 08:51 PM

cheongtk

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Join Date: May 2008

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KepCorp

The stock has resistance at 11. If the stock is able to cross this level on huge volumes, then the momentum might take it to 11.4 ( 30 DMA ) and then even 12 ( 200 DMA ). However, support for the stock is at 10.40. If this level is breached , then the stock may decline to 10.0.

A closing above the 30 DMA would signify a change in the trend. On the downside, 10.0 is crucial to watch out for.

Currently, the stock is in a downtrend.

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