Welcome to AmiBrokerAcademy.com Moses Stock Analysis Column.
The last time we look at C52.SI, ComfortDelGro Corporation Limited stock was many months ago; mid of 2015. If you can recall, we suggested to buy only when price action was above moving averages.
The key rule, is important to maintain a systematic approach in trading.
At that start of the year, we had looked at both SMRT stock and SBS Transit stock past performance, 2015 and planed the 2016 strategy.
Let’s have a look at ComfortDelGro, how will the stock perform in 2016?
March 2, 2016 ComfortDelGro Corporation Limited Daily
In 2015, price action tested and retested the same peak, $3.25 level. Thereafter, the price action lost it momentum and had fallen to near $2.55. The price action bounced back sharply, but failed to retest the same last peak again. 2016, C52 followed the global trend and declined to $2.80, quickly the stock price bounced up. Can this a bullish ABCD chart pattern? Will see.
Moses Stocks Analysis and Scan
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