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Saturday, February 20, 2016

Comfort Delgro

Comfort Delgro - 21st Feb 2016

Comfort Delgro had manged to bounce off from the low of $2.78 on 19th Jan 2016 and head higher to touch $3.02 on 16th feb 2016. This is generally rather bullish.



The current price of $2.95 is staying above both 14SMA & 25SMA lines which is rather positive and may provide further indication for the share price to head higher.

Also both MACD & RSI are still pointing upwards which is more likely to see the share price heading higher to test $3.12.

A first tale tell sign of confirmation will be the breaking out of recent high of $3.02 with good volume that will provide further catalyst for the share price to continue this uptrend mode.

(trade base on your own decision)



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