Keppel DC REIT (SGX: AJBU) strong upside is set to continue despite a temporary break below the primary uptrend line starting from March to August 2020:

1. Prices has broken out of the falling wedge formation on Monday with a strong bullish candle. Indicating a bullish continuation of Keppel DC REIT.
2. The Morning star formation at the bottom boundary of the wedge actually rejects the 38.2% Fibonacci retracement and the 50-day moving average.
3. The REIT is still on a bullish uptrend which is mark by a series of higher highs and higher lows despite the break below of the primary uptrend line.

*Timeline of the trade is 4 weeks from the date issued.

*The resistance zone at $3.00-$3.06 is a strong resistance zone and therefore we expect some forms of correction.

*As long as prices continue to stay above $2.75, the uptrend is still on.

CHART LEGENDS

Moving average

Red dotted line = 200 periods Moving average

Blue dotted line = 50 periods Moving average