Friday, June 12, 2015

ComfortDelgro: A BREAKOUT spotted yesterday at 3.11, then up it went

Now at 3.20, were you notified?

Sent: Thursday, June 11, 2015 9:51 AM
Subject: ******** ComfortDelgro: Breakout spotted above 3.10, posised for more upside above with market strenghtening, price 3.11
Comfort Delgro has been consolidating below the 3.10 resistance level since February and finally today we have seen a breakout on top 30 volume. There can be some upside from here on as long as it stays above 3.10 now with target to 3.20, 3.26 then 3.40. Both longer term 100 and 200 day MA line has been sloping upwards consistently for more than a year and long term uptrend still intact. May start to retrace back to the recent higher on a breakout above the sideway consolidation phase. Note that upward sloping channel support line has also been lending good support since Oct last year.

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