AJBU trade ideas
SGX/Stock: Keppel DC REIT, Are We There Yet?Analysis Forecast:
Potential Support Level
Analysis is for:
SG Market
Position Trading
Income Portfolio
Supporting Technical Observations:
1. Price resting near Fibo 50% Retracement
2. Fund Flow Index (FFI), positive divergence
Forecast:
Currently, expecting Short term rebound towards S$2.65 resistance area. If accumulation trading range is formed, we will see a potential upward reversal.
Trading below S$2.40 will falsify above analysis.
AJBU SGX BUY/LONG INCOMING! 1.65 to Potentially 4.40!TICKER CODE: AJBU
Company Name: KEPPEL DC REIT
Industry: Singapore Stocks Finance Real Estate Investment Trusts
Position Proposed: BUY (1.90-1.65)
BUY ENTRY: NOT READY (1.90-1.65)
1st Partial Take Profit: 3.10-3.35
2nd Partial Take Profit: 4.10-4.40
Stop Loss: 1.30
Technical Analysis
1. FLAG PATTERN ( PARTIALLY COMPLETED )
2. Area of Confluence on trendline & structure level
3. Move sideways within the channel itself
4. Fibonacci Retracement at 0.618 OR 0.786
5. Safest Take Profit will land equivalent to the Flagpole length and level 1 of Fibonacci Expansion Grey Zone
Keppel DC Reit could be ripe for short term reboundKeppel DC Reit plunged to a similar magnitute (100% fib extension) as that of the last recent consolidation and possibly supported at the 38% fib retracement level at 2.29. I would test long here with a stop at 2.25 (3 ticks below recent low). Should this fail and market turns even more panicky, I would be a lot more confident to long around the major support at 2.09.