Dear readers, one of the Straits Times Index (STI) stocks is at a pivotal moment right now.
This stock is none other than Keppel Corporation stock.
Year-to-date, Keppel was down by some 3.4%. But if we take a look at the performance of the stock in the last month, Keppel stock was down by more: 6.33%!
But based on the above metrics, it is not easy to tell that Keppel stock is at a pivotal moment now: the stock is right at its 200-Days-Moving average! Based on classical technical analysis, a break down this moving average would mean that Keppel stock will enter into a long-term downtrend.
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