Keppel DC Reit - Four Tops Before Going Down

Keppel DC Reit buyers are quite strong as there was four attempts of bulls trying to surpass its previous 3 tops but it eventually fails.

1. 22 Jul 2020 - reported higher H1 earnings and price surge for 9 days to reach the first top on 6 Aug 2020.

2. Price then goes sideways and hit the 2nd top on 17 Sep 2020.  Then went on to hit the 3rd top on 16 Oct 2020.

3. A correction happend on 10 Nov 2020 but the bulls managed to bring the price back to form the 4th top on 3 Feb 2021.

4. Bears was strong on 10 Feb 2021 and press the price all the way to a low of 2.50 on 9 March 2021.

5. Now bulls are trying to break the previous support turn resistance at 2.73..

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.