Keppel Corp announced that it is selling its 45% stake in SPC to PetroChina.
I did not catch the counter as I was not monitoring STI (and the counters there).
However, here’s what I will look out for.
If I were to track this stock, I will focus on these 3 dates.
1. 5 May
Day it crosses 200 MA
2. 7 May
Day it gaps up on higher volume
3. 19 May
Day it gaps up from a previous day low on high volume. Subsequent day shows higher volume and price keeps going up
I will rely on the 3 dates to form a picture. The Force Index indicator also shows that the bulls is in control throughout the period.
