ComfortDelgro – [ Riding The Recovery Wave, Is It Time To Take Profits? ]
Chart Source: Poemsview 18th Nov 2020
Hard hit stocks relating to tourism like SATS, SIA and even Comfortdelgro saw a nice rebound in the last few session as news of potential vaccine crowded the headlines. Transport, hospitality, airline stocks all had some nice gains as investors started to rotate to these stocks on hopes of recovery.
Comfortdelgro part of the STI component was a stock that we were eyeing for a recovery when a vaccine is found as demand for taxi would start increasing as people start to travel more and tourist starts to come back too. We saw some positive price action at around $1.49 just last Wednesday and alerted our EXCLUSIVE CLIENTS as shown above!
We’re glad Comfortdelgro had a positive move up reaching our 2nd price target of $1.61 gaining 8% in a week! It is currently at the 200ema and given its a long term resistance, we won’t be surprised if it takes a break first before continuing on its journey to $1.68 and maybe even $1.79. So taking some profits here is not wrong to us. =)
Want to cut through the noise and get such trade alerts straight to your handphone?
Then be ourย EXCLUSIVE CLIENTย and find out how much value is waiting for you!
See you onboard soon!
Yours
Humbly
Kelwin&Roy
