CFD Trading – Sell ComfortDelGro (C52.SGX) @ $1.43. Stop at $1.49 and Target at $1.32

ComfortDelGro Stock Code C52.SGX

Price was unable to sustain above the cloud and stayed only 3 days above the cloud. A price decline has brought price to the lower edge of the cloud. Conversion and Base lines had a bearish crossover, confirming the bearish trend. Lagging Span is below price of 26 days ago and is inside the cloud. MACD is bearish and there was a bearish crossover just below the zero line. MACD is hinting of a bearish price trend ahead. A break the cloud is likely to send price lower to the previous support at $1.32. An Ichimoku N price projection gives a price target of $1.36. We think price is likely to decline lower to the support zone of $1.32-$1.36.

$1.43                 Short Sell
$1.32                 Price Target
$1.49                 Risk Management Stop
3 weeks Trade Duration

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