Huat99
2023-05-18
$KEPPEL REIT(K71U.SI)$ Keppel Reit (K71U) weekly chart
*** High chance of dropping back to $0.79 ***

The chart highlighted occurence whereby weekly RSI falls below 40 (red-dotted)
26/10/20 - immediate recovery
16/8/21 - drop a little and recovered
double RSI < 40
27/6/22 - consolidate and plunge when RSI falls below 40 again on 19/09/22
double RSI < 40
6/3/23 - consolidate and RSI falls below 40 again on 8/5/23 (last week)

Based on similar double RSI < 40 condition, expect share price to fall back along $0.79  or lower (covid pandamic low)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • HarryCox
    2023-05-19
    HarryCox

    What a sad downtrend. Feel sorry for those who’s holding K71U.

  • AdamDavis
    2023-05-19
    AdamDavis

    Hopefully not! It has not been rising for a long time nobody expects a drop

  • WendyDelia
    2023-05-19
    WendyDelia

    How is the stock market in SG going in general these days!

  • Sporeshare
    2023-05-18
    Sporeshare
    lj reit! I would stay sideline
  • alexj
    2023-05-20
    alexj
    thanks for sharing
  • Nick82
    2023-05-21
    Nick82
    ok
Leave a comment
6
1