What do you think? Can SMRT breakout from 1.50 convincingly ? Comfort Delgro has indeed hit a high of 2.52 on breakout last Friday before some profit taking seen today.
Sent: Wednesday, June 04, 2014 4:36 PM
Subject: *********************** Comfort Delgro and SMRT : Consolidating in wait of more upside......... Monitor for further breakout....
Subject: *********************** Comfort Delgro and SMRT : Consolidating in wait of more upside......... Monitor for further breakout....
Both counters have slightly similar charts at the moment where there are consolidating in wait of further catalyst to take them higher. Resistance for Comfort Delgro is at 2.40 and resistance for SMRT is at 1.50…. Any break up above this key resistances would be a further positive. Comfort seems to be testing the 2.40 resistance today, lifting of 2.42 would be a good sign to 2.50 first.
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