View On Comfort Delgro (1 JUNE 2020)
This counter has been downtrend since 2019 and it is kinda ridiculous to call for a SELL out of sudden.
Anyway, I'd like to take note of the HUGH volume that occurred last week due to the News.
So, I do not think it is good news for the counter and it shall not recover anytime soon as long as the price can't break above...
TP 2.34 to 2.36
Entered 2.27
Hit a strong support at 2.26 and reject
near low end of channel
hit trendline and reverse
short term trade
oversold
good dividend stock
Negative
long term is still looks downwards
inflationary environment is not good for transport stocks in general due to higher fuel cost
Price ranging for sometime
Will look for long ONLY if it breaks $2.1
Seems like resistance is still holding well.
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