Prices are facing bearish pressure from our sell entry in line with our graphical levle and 50% retracement where we could see a further drop below this level.
Price is facing bearish pressure from our first resistance where we could see a further drop below this level to our first support target. 20 EMA is showing signs of bearish pressure as well in line with our bearish bias.
Price is approaching a key support level in line with our fibonacci confluence levels and a break above our descending trend line could see a further upside above this level.
Price is testing our resistance in line with our 100% extension and 61.8% retracement where we could see a reversal below this level. Prices broke out of our previous ascending trend line and we could be seeing a head and shoulders pattern being formed as well.
K71U is finishing minor wave 4 up, but there is still on more small leg up to complete it. When complete this prime office REIT price should trace a down path to below 0.79. If price move touches the 1.14 level this scenario should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES
Keppel REIT, a prime office REIT from Singapore seems to have finished the minor for correction up. If it doesn't cross the 0.99 mark, the path ahead should be in direction to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.
