Wednesday, July 1, 2015

ComfortDelgro: Rebounding off support as mentioned yesterday, now at 3.19 !

Let’s see if it can break above the 3.20, congrats to those who manage to accumulate on dips.  :)

Sent: Tuesday, June 30, 2015 10:44 AM
Subject: ******* ComfortDelgro: Back to key support on market weakness ,may present opportunity to accumulate again, price 3.10
Following up from previous call, we have indeed seen ComfortDelgro traded to a high of 3.27 before market weakness see it coming back down to support again. Support would be at 3.08 to 3.10 for now which was originally the resistance that held since Feb for 4 months. Both longer term 100 and 200 day MA line still sloping upwards firmly. Those looking to accumulate and bargain hunt again on dips after selling at the high can consider locking some positions again near 3.10, then next support 3.00 if it dips again. Have been supported above the channel support line since December last year and holding well.

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