SGX Strong Momentum: Keppel REIT
Keppel REIT has a portfolio of A-rated commercial assets in prime financial districts in Singapore, Australia, Japan and Seoul.
In this article, we will focus on Keppel Real Estate Investment Trust (SGX: K71U), highlighting potential bullish reversal signs. Here are some key highlights from the technical report:
It is understood that Keppel REIT has a prime portfolio of Grade A commercial assets in Singapore, Australia, Japan, and Seoul's prime financial districts.
- Market Positioning: A "technical buy" at the last quoted price of SGD 0.89 per share.
- Entry Prices and Support Levels: SGD 0.89, SGD 0.86, SGD 0.84, with support levels at SGD 0.84 and SGD 0.82.
- Stop-loss Price: SGD 0.80, with resistance levels at SGD 0.90 and SGD 1.00.
- Target Prices: SGD 0.96, SGD 1.04, SGD 1.20, SGD 1.40.
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