Sunday, October 7, 2007

ComfortDelgro - waiting for direction

Singapore Stock Market



ComfortDelgro - Waiting for direction.

There seems to be a large triangle formation and Boillinger squeeze. This counter is waiting for the market to give a direction. Based on the current trend, there is potential change of trend soon.

Both RSI and MACD are indicating potential uptrend. This is a blue chip that is lagging behind. Soon enough, it will catch attention and start moving. Watch closely and prepare to enter between 1.96 ~ 2.00. No negative news associated so far. Should test 2.16 and 2.44 in 4 weeks.

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I'd like to share my experiences and knowledge about healthy and happy living as well as mid-life crisis. 不以物喜,不以己悲。