Keppel REIT a property owner of prime office buildings in Singapore seems to be tracing a minute wave c up that should push prices to 1.07, the most probable target. If prices go below 0.875 which is the low of minute wave b, this scenario should be void and chance are that minor wave 4 has already finished and wave 5 down is on the way. Keep tuned. Follow Skylinpro to receive updates.
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The wave structure changed its odds to the end of the ABC pattern counter trend move and the prices seems to be in a downpath to new lows. We antecipated the close of the position with a 6% gain instead of 13%. See the most recent post.
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Prices delivered 19% of gains from post up to April 29