Keppel DC Reit could be ripe for short term rebound

1 Mar 2020

Keppel DC Reit plunged to a similar magnitute (100% fib extension) as that of the last recent consolidation and possibly supported at the 38% fib retracement level at 2.29. I would test long here with a stop at 2.25 (3 ticks below recent low). Should this fail and market turns even more panicky, I would be a lot more confident to long around the major support at 2.09.