Tag: ComfortDelgro

ComfortDelGro Stock Code C52.SGX

Outlook
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.

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

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

ComfortDelGro Stock Code C52.SGX

Outlook
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.

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

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