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