Stock with Momentum: Keppel REIT

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.

In this article, we delve into Keppel Real Estate Investment Trust (REIT) (SGX: K71U) as its price action heads for a bullish continuation to the upside.

Key highlights from the technical report:

Keppel REIT

Market Position: Keppel REIT is considered a ‘Technical Buy’ after forming a larger inverted head and shoulder formation, signaling a potential bullish reversal.

Entry Prices and Support Levels: Recommended entry points for Keppel are at S$0.895, S$0.860, and S$0.840, with established support levels at S$0.865 and S$0.825.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.80. Identified resistance levels are at S$0.905 and S$0.950.

Target Prices: Set at S$0.960, S$1.04, S$1.20 and S$1.40.

Company Overview: Keppel REIT owns a portfolio of Grade A commercial assets in prime financial districts of Singapore, Australia, Japan, and Seoul.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum.

Our goal is to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.