
Keppel Corporation Limited announced that its associated company Aqua Pellentesque Ltd has entered into an amalgamation agreement with Floatel International Ltd on 21 August 2011 to effect an amalgamation between Aqua Pellentesque Ltd and Floatel International Ltd to form a Bermuda exempted company.
http://sgsharemarket.com/home/2011/08/singapore-company-highlights-23082011/?=KepCorp
 
Such a volatile market now with so many negative news..
Judging from the fundaments of Keppel, it is strong for sure.. But how low can it go.
 
Any sifu can guide me on what factors can we look at?
nono i am not saying tat u are wrong..
i mean since  u are so sure tat this ship will gap up in the opening, wat will u do if it gaps down instead?
i cant tell u the direction tmr.. but always think of many 'sides'..
u are too biased towards the gap-up side and neglect the gap-down side..
thus u still have a lot to learn :) (just like me)
n wat i can tell u is.. the overall trend is still " DOWN DOWN DOWN DOWN"
wisann ( Date: 22-Aug-2011 23:43) Posted:
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rotijai ( Date: 22-Aug-2011 23:41) Posted:
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IF tmr it gaps down in the opening..
u better think twice everytime when u buy/short stocks..
cause u are wrong at the first place :)
wisann ( Date: 22-Aug-2011 22:16) Posted:
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Depend if everyone buy the same story.
Depend how many faster than U.
Depend this week.
Why today fall so much under 2700 and back up again?
Theres r many heros inside liao. U want to be the next heros too :)
wisann ( Date: 22-Aug-2011 22:16) Posted:
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Consider longing this counter tomorrow. But surely it will gap up in the opening.
Can any sifus advise what entry price is good? 
From what I observed so far, usually after a gap up, the counter will go up a while and then come down again. Is it better to go in at the opening or wait for it to fall back near to the opening price?
If U expert in hit and run style, just focus on one side is enough, dont be too greedy every side also want :)
Be focus...
EdwardLiu ( Date: 22-Aug-2011 22:10) Posted:
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stocksburntme ( Date: 22-Aug-2011 21:28) Posted:
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go to $8, i buy
 
nop.. we should watch for 2720 instead..
unless dow jones surprisingly closes less than 200 pts
krisluke ( Date: 18-Aug-2011 23:17) Posted:
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The Rebounce is Weak
The two support levels I'm watching for the time being:
S1: 2825
S2: 2800
I will consider the rebounce is over and more towards downside if STI closed below 2800.
Floatec plans Brazil dry-tree semisub test

Dry tree: Floatec plans model semisub test at Lab Oceano
Floating production specialist Floatec plans to launch a series of model tests of its dry-tree semi-submersible concept at the Lab Oceano wave basin facility in Brazil.
Luke Johnson   16 August 2011 17:41 GMT
The tests, which will involve Floatec’s proprietary extendable draft semi-submersible (EDS) and its deep draft semisub, would represent the first attempt to apply dry-tree technology to the challenges of the pre-salt province.
Companies are eagerly positioning themselves for what is certain to be a lucrative new round of tenders for floating production units to develop the pre-salt.
Bid documents for those tenders are expected to emerge in early September, Upstream reported earlier this month.
Floatec’s wave basin tests will be carried out beginning in September at Lab Oceano’s laboratory, a part of the research and development arm of the Federal University of Rio de Janeiro, the company said in a release.
The EDS will be tested for environments in Brazil and the Gulf of Mexico, and for both in-place and extended hull installation cases, Floatec said.
Floatec has been testing several methods to develop the resources buried deep below the ocean floor. The work has been described as a means to provide state-run giant Petrobras with a “toolbox” of development options from which it can make its preferred choices.
Initial studies by Petrobras suggest a need for at least 40 floating production units in the Santos basin pre-salt province.
Houston-based Floatec is a 50:50 joint venture between McDermott and Keppel Fels.

KEP CORP CHART - Currently at 9.29, likely to head to 9.50 level to test resistance..... if cross this level will be highly positive... to touch 10.00...
Long to mid term investors can consider accumulating around these level if you do not want to be left out on any rebound,,,,, Put a stop at 8.96
 
Pivot: 10 Our preference:
Short positions below 10 with targets @ 8.5 & 7.9 inextension.
Alternative scenario: Above 10 look for further upside with 10.3 & 11.25 as targets.
Comment: The RSI is bearish and calls for further downside.
Key levels 11.25 10.31 9.32 last 8.5 7.9 7.6
TRADING CENTRAL is a commentary service specialising in technical analysis.