Trade of the Day
Keppel DC REIT (SGX: AJBU)
(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.
Join our telegram channel on technical analysis for trends, entry and exit prices over Stocks, ETFs, and Indices!Featuring regular TA posts and requests to analyse specific stocks