ComfortDelgro Stock Code C52.SGX
Outlook
Price is currently sitting on the lower edge of the cloud. A movement below the cloud would change the trend. Conversion and Base lines had a bearish crossover yesterday, warning of a bearish trend before price breaks below the cloud. Lagging Span is below price of 26 days ago and is below the cloud at the moment, confirming the bearish trend. MACD is bearish and both its lines are moving lower and away from the zero line. We think price is likely to move lower to the previous low of either $1.32 or $1.29.
Strategy
$1.40 Short Sell
$1.29 Price Target
$1.49 Risk Management Stop
3 weeks Trade Duration
