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Saturday, January 2, 2016

ComfortDelGro

Comfort DelGro - 3rd January 2016

Comfort DelGro seems to have reversed the downtrend and bounce off from the low of $2.93 on 14th dec 2015. It has since risen higher to close at $3.05 on 31st Dec 2015.This is generally positive.
The current price is staying above both 14SMA & 25SMA lines that may provide further indication that the share price may continue to head higher.


Also both MACD & RSI are also trending higher which may provide further catalyst to drive the share price towards $3.12 then $3.20 & above.

If price dropped below $2.95 then perhaps this short term uptrend mode may not follow-through.

EPS - is about 14 cents.
Short term target price - $3.20 - $ 3.25,
Stop Loss - $2.95.

(trade/invest base on your own decision)

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