CFD Trading – Sell ComfortDelGro (C52.SGX) @ $1.65. Stop at $1.72 and Target at $1.54

ComfortDelGro Stock Code C52.SGX

Price broke below the cloud on 11 May 2021 and this could signal the start of a bearish trend. An earlier attempt to close a price gap was capped by the Conversion line and the gap resistance, keeping the bearish trend intact. Conversion and Base lines had a bearish crossover, confirming the bearish trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD has turned bearish and both its lines have now moved below the zero line, which is a hint of a bearish price trend. We are expecting price to decline to the support level at $1.54.

$1.65                 Sell
$1.54                 Price Target
$1.72                 Risk Management Stop
3 weeks Trade Duration

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