Comfort DelGro

Comfort DelGro - 13rd June 2016

Today gap down at the opening price of 2.69 and closed lower at 2.65 couple with high volume this is generally rather bearish.

The current price is hovering below the SMA lines which is generally quite negative.

Also both Macd & Rsi are pointing downwards which may be a tell tale sign that the share price may continue to trend lower.

Short term wise looks like it may continue to trend lower to re-visit the previous low of 2.56. Breaking down of 2.56 with high volume that may see it price heading lower towards 2.50 then 2.40.
(trade base on your own decision)