$KEPPEL REIT(K71U.SI)$ 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)
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Comments
What a sad downtrend. Feel sorry for those who’s holding K71U.
Hopefully not! It has not been rising for a long time nobody expects a drop
How is the stock market in SG going in general these days!