July 31, 2018
Singapore Stock Stories
C52 ComfortDelgro Corporation Charting and MACD
See chart, picture worth a thousand words. Study ComfortDelgro Corporation stock price chart. See stock price and MACD. The price action has crossed below MACD zeroline and rebounced above the zeroline. Now the stock price has closed at 2.37 on last Friday.
What will the the price action move? The the stock price move higher. From chart, we see the price action has done a reversal from the low before 2018. Can the stock price continue to move higher? Let see the next chart.
Manage your risk.
July 27, 2018 ComfortDelgro Corporation and MACD Signals
C52 ComfortDelgro Corporation Charting From 2015
As we would like to know will ComfortDelgro stock price continue the bullish trend. Zoom out, study ComfortDelgro from 2015 and you may hold your horses. as seems the price action has tested the resistance, a strong resistance as it was support in 2015 and now turns resistance. See chart, picture worth a thousand words.
Price action has pullback after the resistance, the support turns resistance. Sure the price action will retest the level again, near 2.50. Few things can happen, 1) test and fail, 2) test and breakout, and 3) test and sideways.
So, monitor the price action for the next few weeks.
Study the chart and take each year as one candlestick or bar, you can see the bar continues to close lower. 2017 has an extended low as compare from 2015 and 2016. In other words, the bearishness is strong. Will the bearish momentum continue. Will see.
Some Fundamental
Add some fundamental to this chart, you can understand with the Grab and Uber competing, although this is just a segment of ComfortDelgro but it has force the company to struggle to keep the fleet. You probably know better than me, if you have invested on this stock. See the low.
Now, Uber has back off from the market, but the Grab is trying to stablize the market share. But, transportation segment is getting more interesting in the last few years.
If you have not scope out the profit at the peak in 2015, to hold on to your stock has added more colour.
Manage your trade and risk.
July 27, 2018 ComfortDelgro Corporation Support Turns Resistance
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.