Wednesday, December 30, 2015

ComfortDelGro: Rebounded from pretty good support.... now at 2.99....

Back to 3.10 if 3.00 clears too?

Sent: Monday, December 28, 2015 2:09 PM
Subject: ************** ComfortDelGro: Still supported above 2.90..... price 2.94, Opportunity to accumulate on dips for rebound...
ComfortDelGro has been supported above the 2.90 level for more than 2 monts with resistance at 3.15 for now. Those looking to accumulate some for any rebound can do so at the lower end of the range as it consolidates sideways. All moving averages seem to be flat for now as it trades within range. Only a breakdown below 2.90 will invalidate our bullish short term accumulate call, in this case, a downward retracement will shape towards 2.70. Temp resistance at 3.00 then 3.05.

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