Keppel DC Reit: Uptrend still going strong? Price 2.23. Buyers still holding well for now!

About 2 weeks back at the start of the new year 2020, we saw Keppel DC Reit approaching the critical 2.10 resistance..

This level was key as we had been consolidating below it for about 4 months since Sept 2019..

There were already some signs of the uptrend continuing further with moving averages looking good.

Awaiting some bullish price actions at 2.10 which can lead the next phase..

Finally, it came on the 3^rd of Jan 2020 and we were prepared..

See the chart that was captured where targets were drawn for more upside towards 2.30 first target which is about an 8% potential gain..

Over the next few days last weeks, we started to see prices pushing higher…

Gradually towards the 2.20 level where some slight profit taking set it…

This was normal given the rapid spike over a couple of days..

Target was reiterated again when it was at 2.18 with a potential break above the 2.20 level eventually last week.

Buyers seems to be holding prices well and any profit taking was met with more buying pressure..

See chart below where target is reiterated…

Fast forward to today, we are CURRENTLY seeing a firm attempt to break the 2.20 level and also push away from it..

Looks like our 2.30 first target as drawn 2 weeks back is on tracked and  may touch soon…

Not only that, we have revised our target higher, probably to 2.50 but we may see profit taking along the way.

Would be good to hold and ride while taking steps to protect profits.. see where we are below now!

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Keppel DC Reit: Uptrend to continue further with revised targets? Price 2.07.

Just last month, we saw Keppel DC Reit approaching the key 1.75 resistance bullishly…

It has been trading below this level for about 3 months and hence any firm move above can be a good signal of more upside..

More importantly, it was holding firmly above its key moving averages where the uptrend still look pretty intact…

Buyers seems to be ready to take it higher and therefore,

Some targets were drawn towards the 2.00 psychological level as seen below..

Over the past 1 months, we have indeed seen more upside with the occasional profit taking..

It hit 1.90 before some sellers returned to take it lower but buyers were not letting go,

A rebound again and finally 2.00 target hit today..

In fact, it’s quite a bullish move above 2.00 where the uptrend can still continue to play out…

A positive above 2.00 where it may consolidate for a while before more upside..

Some selling near 2.10 expected given the spike up seen over the past few days but the strength may not be over..

Let’s see where we are below..

Keppel DC Reit: Next target still on the cards ... Price 1.46

Just last week, we spotted some actions in Keppel DC Reit above the 1.40 level and some targets were drawn…

Was then at about 1.41 and we were expecting a strong move soon with 1^st target at 1.45..

Over the past few days, we have indeed seen our 1^st target hit and playing out well as drawn…

See what I mean below…

For illustration purpose only

Today a breach even with a high at 1.46 as of now…

Looks like our 2^nd target at 1.50 is still on the cards….

Indicators still looking positive as of now and more importantly…

System still looking good…

Had a 1GT bullish signal recently… No Exits…. ;)

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