Technical Pulse: Keppel DC REIT March 2, 2020 533

 

Keppel DC REIT (SGX: AJBU) bullish momentum will continue based on the technical indicated:

  1. The REIT had a correction from 2.55 and while the bearish momentum seems to be gaining, the long-legged Doji halted the bearish downside by terminating its bearish movement at 61.8% of the Fibonacci of 13-2.55.
  2. The long-legged Doji closes above the 50 Simple moving average signifying strong upside in the short term.
  3. Increase volume of the REIT suggests a strong buying thrust for the REIT.

 

*Timeline of the trade should be between 1-3 weeks from the date issued.

 

CHART LEGENDS

Simple Moving Average

Red dotted line = 200 SMA

Blue dotted line = 50 SMA

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