CFD Trading – Buy ComfortDelgro (C52.SGX) @ $1.63. Stop @ $1.55 and Target @ $1.80.

ComfortDelgro Stock Code C52.SGX

Outlook
Price reached a high of $1.81 on the 25 November 2020 and has been in a consolidation since that date. Price is coming into a support area which is the upper edge of the cloud. This support area is also a previous price low support as well. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD remains bullish with both its line above the zero line, hinting of a bullish price rally ahead.

Strategy                  
$1.63                 Buy
$1.80                 Price Target
$1.55                 Risk Management Stop
3 weeks            Trade Duration

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