Property counters - Yanlord (Z25) and Keppel Land (K17) | Technical Analysis

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As the year draws to a close with Christmas festives and new year plans, we see liquidity in the markets drying up as there is less participation from the big players. Hence, these few days I have been taking it rather easy and trading only a few hours each day. Today was a rather good trading day for me, although it was rather boring scalping range-bound markets, and I managed to make about 40+ ticks on the DAX with a 70% hitrate. As expected, the Christmas rally has started to fizzle once Christmas was over, and the market is currently in a range/bearish mode. Based on seasonality, Nov/Dec/Jan are supposed to be the stronger months, and if these months are weak, it could be a red flag for the months to come. Let’s review some property counters.

Yanlord (Z25) Daily chart

This stock has been on a downtrend for more than two years, and has provided many shorting opportunities. One of my favourite counters for shorting. Currently still trading within the downtrend channel.

Keppel Land (K17) Daily chart

After the new regulations were announced, there was a gap-down and follow-through, which provided the price catalyst to break out of the descending triangle. The pullback now provides a good opportunity to short.

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Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.