I've decided to monitor the charts for the STI components. Will update them weekly or if there are major moves that are of significance. Kepcorp is the first on the list so here goes.
Kepcorp has a confirmed Head and Shoulder Top (HST) pattern after it broke the neckline. It also had further moves down breaking out of the consolidation flag as well as breaking the longterm upward trendline.
Measured target based on HST pattern is 8.90. On average the decline in prices from breakout point is 22%. Breakout price was 12.70, thus giving a price target of 9.90 based on statistics.
Necktie of moving averages (200, 50, 25 day) is 12.70 coincides with the breakout price. 12.70 would be a major resistance point.
It looks like Kepcorp might be consolidating again forming a possible flag formation. Watch for breaks.
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