Monday, September 5, 2016

Keppel Reit: Have the KEY 1.10 Resistance gave way too ? price 1.115

Had sent out a note this morning when it started to approach the 1.10 key level….

Managed to see it break above 1.10 indeed after just 1 hour….

Can the upside continue from here?

If yes, what target are we looking at?


Sent: Monday, September 05, 2016 9:17 AM
Subject: ************ Keppel Reit: Approaching key resistance level, price 1.09
Keppel Reit has been consolidating above 1.05 for about 2 months with a cap at 1.10. Today, we have seen it approach the critical 1.10 psychological resistance level where we may see it attempt a move above. Any clear price action above 1.10 can see more upside with uptrend continuing. Longer term moving averages are showing signs of reversal and sloping upwards favorably but more price action confirmation required to see the upside continue. Watching. We may also experience some selling pressure as it near 1.10 like we have seen previously for now.

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