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Tech view: Keller

Created:
25 April 2008
Written by:
Dominic Picarda

Keller's energetic rebound from its January lows has run out of steam somewhat lately.

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In order to prove that it is in a bull trend again, it needs to break above a key Fibonacci retracement level at 756p and the 200-day exponential moving average, currently at 770p. Thereafter, there is not all that much resistance until its 846p.

A near-term drop through 620p would be a bearish development, as would a fall back through the daily Ichimoku cloud.

Back to this week's buy tip on Keller


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