Now at 3.10, did you prepare along with us?
Sent: Friday, April 17, 2015 1:21 PM
Subject: ********************** Potential Breakout: Comfort Delgro - 3.05 resistance key for more upside, price 3.03
Subject: ********************** Potential Breakout: Comfort Delgro - 3.05 resistance key for more upside, price 3.03
Comfort Delgro has been consolidating below 3.04 – 3.05 for more than 2 months now. Today, we have some actions back to this key resistance level which it is attempting to test and breakout from. Volume has increased to above average on today’s price action. Clearing of sellers from 3.05 – 3.07 can pave the way to more upside to 3.20 then 3.26 which was the high in February before profit taking. Longer term moving averages are still pointing upwards firmly and uptrend intact. Can average up on this breakout to ride further. MACD on the verge of staging a bullish crossover and also turning positive which can see momentum lead the way if 3.05 resistance clears out. Let’s see.
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