$Keppel DC Reit(AJBU.SI) has formed a cup and handle pattern, which is typically viewed as a bullish continuation setup.
- The cup represents a period of accumulation after a correction, while the handle forms as a short-term consolidation before the next potential move.
- The neckline of this pattern sits around S$2.35–S$2.37, which previously acted as resistance and is now being tested as support at this moment.
- After the breakout above the neckline, the price has retraced back to retest this same level — a common occurrence in cup and handle structures.
- Holding above this neckline suggests the breakout remains valid and could signal ongoing strength if buying interest returns.
- Note: there are also technical cases that neckline as a support doesn't hold and price continues to correct further down.