AJBU trade ideas
Potention reversal zone next week?Confluent signals next week..
Fib Level + MA + cyclic low + oversold..
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
Buy on inside bar breakoutPrice is supported above 2.67
Small inside bars consolidation
Yield is expected to increase
Bullish 3.05
AJBU.SGX_ShortENTRY: 2.84
TP: 2.64
SL: 2.94
- Unable to break through HVN 2.91
- Would like a higher closing volume today
- Short term swing trade
SGX Keppel DC LongStock is trading at lower end of uptrend channel near resistance line @ 1.50. If breach, next resistance line @ 1.55 which is the historic high for the stock. However, there may be room to go higher at it's below the high of the uptrend channel. Support line potentially @ 2.40.
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.
