Keppel Land formed a Hammer (with a spike in volume) at the Rectangle support followed by a bullish candle. This is a reversal pattern.
Expect Keppel Land continues to trade in this rectangle until breakout.
See last analysis on Keppel Land.
Ascendas REIT will stage a short term rebound from the $2.08 after forming a Hammer & Morning Star. Next resistance at about $2.27 level followed by $2.38 level. Current chart is bearish.
Check Fundamental Data for other Singapore REITs from Singapore REIT comparison table here.
OCBC formed a hammer at 38.2% (61.8%) Fibonacci support with a confirmation candle. RSI is oversold. My Technical Analysis class students should know what does it mean. Draw a 0%-100%-61.8% Fibonacci Level to derive the price target of this retracement.
Take note that OCBC has just started a new down trend after breaking down from a Symmetrical Triangle. There may be a swing trade opportunity if a down trend channel is formed. Price target of this Symmetrical Triangle breakout is $8.85. Good luck!
Original post by Marubozu My Stock Investing Journey
