Stock with Momentum: Keppel DC REIT

February 9, 2024

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

In this article, we focus on Keppel DC REIT (SGX: AJBU) as price action also sees a strong rebound at S$1.60 and price action points towards a mean-reversion to the upside.

Here is a look at some of the key highlights of the technical report.

  • Market Position: Technical Buy with a last price of S$1.71, indicating a potential mean reversion to the upside.
  • Entry Prices and Support Levels: Suggested entry prices are S$1.70, S$1.65, and S$1.58, with support levels at S$1.67 and S$1.57.
  • Stop Loss and Resistance Levels: A stop loss is set at S$1.55, with resistance levels at S$1.85 and S$2.04.
  • Target Prices: Target prices range from S$1.87 to S$2.12.
  • Company Overview: Keppel DC REIT, the first pure-play data centre REIT listed on the Singapore Exchange, focuses on investing in income-producing real estate primarily used for data centre purposes.

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

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Disclaimer in the report attached

Billy Toh

Billy is deeply committed to making investment accessible and understandable to everyone, a principle that drives his engagement with the capital markets and his long-term investment strategies. He is currently the Head of Content & Investment Lead for Prosperus and a SGX Academy Trainer. His extensive experience spans roles as an economist at RHB Investment Bank, focusing on the Thailand and Philippines markets, and as a financial journalist at The Edge Malaysia. Additionally, his background includes valuable time spent in an asset management firm. Outside of finance, Billy enjoys meaningful conversations over coffee, keeps fit as a fitness enthusiast, and has a keen interest in technology.

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