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Saturday, January 23, 2016

ComfortDelGro

Comfort DelGro - 24th January 2016

Comfort DelGro - 24th January 2016

Comfort DelGro has been on a downtrend mode after hitting the high of $3.05 on 6th January 2016 and head lower to close at $2.88 on 22nd January 2016.
The current price of $2.88 is hovering below both 14SMA & 25SMA lines which is generally quite bearish.



Also MACD indicator are pointing  downwards which may provide further indication that the price may continue to head lower to re-test the previous low of $2.79.

Breaking down of $2.79 with high volume that may send the price to head further South towards $2.58. 

Any rebound will be a good options to consider to take profit or exit.
(trade base on your own decision)

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