Technical Analysis
Technical analysis of ComfortDelgro.
By A Singaporean Stockmarket Investor (ASSI)  •  September 26, 2017
It has been a long time since I shared a technical analysis (TA) here in ASSI. I used to do a lot more TA when I was trading more actively but I have not been trading as much for quite a while now. Alamak. You don't believe me? Why? AK is lazy? OK, you win. I too lazy to defend myself. ;p Anyway, since I haven't done this for a while, I am probably rusty.
Looking at the chart, it should be obvious that the trend is down. However, what is more noteworthy is that the downtrend is a strong one. There is no sign of any positive divergence as the MACD has formed a lower low and so has the CMF. Money is still flowing out of the stock and chances of a trend reversal at this point are slim......
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By A Singaporean Stockmarket Investor (ASSI)
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