Saturday, June 6, 2020

𝐂𝐨𝐦𝐟𝐨𝐫𝐭 𝐃𝐞𝐥𝐠𝐫𝐨 - 𝐈𝐬 𝐓𝐡𝐞𝐫𝐞 𝐒𝐨𝐦𝐞 𝐒𝐢𝐠𝐧𝐬 𝐨𝐟 𝐔𝐩𝐬𝐢𝐝𝐞 𝐑𝐞𝐯𝐞𝐫𝐬𝐚𝐥? (𝐓𝐡𝐢𝐬 𝐋𝐞𝐯𝐞𝐥 𝐊𝐄𝐘!)



Since the beginning of the year, we have seen Comfort Delgro selling down from 2.30 all the way down to a low of 1.33... 😬😬


That is like a 𝟒𝟎% 𝐝𝐫𝐨𝐩 as COVID-19 heavily impacted ridership and sentiments..


Joey here, Top Tier Remisier in Phillip Securities


Some downside targets were drawn in March and then the selling began 𝐅𝐀𝐒𝐓 with our targets hit before we started seeing some support coming back. 😭




Fast forward to today,


We have have started to see some 𝐬𝐢𝐝𝐞𝐰𝐚𝐲𝐬 𝐜𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 over the past 3 months,


It seems like sellers are taking a rest for the moment. 🙏🙏


So the question is:


"𝗔𝗿𝗲 𝘁𝗵𝗲𝗿𝗲 𝗦𝗶𝗴𝗻𝘀 𝗼𝗳 𝗮𝗻 𝗨𝗽𝘀𝗶𝗱𝗲 𝗥𝗲𝘃𝗲𝗿𝘀𝗮𝗹 𝗡𝗼𝘄 𝗮𝘀 𝘄𝗲 𝗛𝗲𝗮𝗱 𝘁𝗼 𝘁𝗵𝗲 𝟮𝗻𝗱 𝗛𝗮𝗹𝗳 𝗼𝗳 𝘁𝗵𝗲 𝘆𝗲𝗮𝗿?"


"𝗢𝗿 𝗰𝗮𝗻 𝘁𝗵𝗲 𝗦𝗘𝗟𝗟𝗜𝗡𝗚 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲?"


Well, watch this video (Recorded 6 June 2020) to see What is the 𝑲𝑬𝒀 𝑳𝑬𝑽𝑬𝑳 right now that will determine if any reversal can happen.


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