Trade of the Day – Keppel DC REIT (SGX: AJBU) March 8, 2023 311

Trade of the Day


(Current Price: S$2.01) – TECHNICAL BUY

Buy price: S$2.01     Stop loss: S$1.96     Take profit: S$2.12    



The price has broken out of a bullish falling wedge pattern after a pullback from the uptrend channel resistance, with a bullish engulfing candlestick formed on 7 March following a backtest of the breakout. We could see continuation of the uptrend to retest the recent resistance at the S$2.12 swing high level, which is also confluent with the uptrend channel resistance.

Expected timeline of the trade is 2-4 weeks from the date of report issuance.

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About the author

Profile photo of Zane Aw

Zane Aw
Technical Analyst

I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).

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