Keppel’s Multi-Year Breakout in Focus: What Traders Should Watch

- Keppel has broken out of a multi-year horizontal channel that lasted for approximately 2 years (from mid-2023 to mid-2024). This breakout signals a potential shift in trend, supported by increased price momentum. This move comes ahead of its scheduled Q2 2025 earnings release around 29 July 2025.

– The height of the prior consolidation range was approximately S$1.22 (from around S$5.70 to S$6.92).

– Applying this height to the breakout level near S$6.80, the projected upside target is estimated at: S$6.8 + S$1.22 = S$8.02

– This approach is commonly used to estimate potential follow-through after a breakout from a defined price range

– The Relative Strength Index (RSI) has moved above the midpoint, suggesting improving bullish momentum.

Structured warrants listed on SGX provide leveraged exposure to an underlying stock’s price movement, and may be used for short-term directional trading.

– For bullish setups like a breakout, call warrants can offer upside exposure over a limited time horizon.

If the breakout fails and price falls back below the breakout level (~S$6.80), this could suggest a return to consolidation or potential short-term weakness. In such cases, put warrants may rise in value, as they are designed to benefit from downward price movements.

There is no put warrant over Keppel shares listed on the SGX at the moment.

Information found in Binni Ong commentary is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. She is providing education and training, and is not regulated by the Monetary Authority of Singapore or any financial regulatory body.

This commentary piece is sponsored by Macquarie Warrants Singapore. The views expressed by Binni Ong do not represent the views of Macquarie Group, nor its affiliates.

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Investment products including warrants are subject to significant investment risks, including the possible loss of the principal amount invested.

Where past performance is referred to, it is not indicative of future performance. Examples quoted in this presentation are for illustration purposes only and do not represent any investment views or strategies. Advice should be sought from a financial adviser regarding the suitability of the investment product before you commit to invest in it.