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Afternoon Updates of July 11:-
COMFORTDELGO CORP LTD :-
R1- 1.598
R2- 1.612
S1- 1.578
S2- 1.562
TA charts look bearish. Acc/Dist and chaikin heading south.
Price has also cut below the lower Bollinger band. All bearish signs. Better to be cautious... hopefully, it is not a price breakout in the southern direction.
Announcing record card 2morow. Looking at today's trend, you dare to pick up or not, as ref to last few coys results announcement and their subsequent performance. But on the other hand , CF gives good div yrly, 2 times at least.
Comfort's bollinger bands are pretty tight.
Large price change may occur. Direction of change is unclear though...
With consistence high crude oil price of > US100 and the recent LTA's recommendations for public transport, more downside risk than upside. I'm waiting at <$1.50 with patience.
Buy in my 13 lots at 1.73 liao...Waited till my neck almost broke for this counter to reach my shrt buy price...cheers!!
This counter looks like it has topped out. Acc/Dist and Chaikin heading southwards.
good for u viper...as now it is more than 600,000 sell queue at $1.78
ViperG ( Date: 28-Mar-2008 12:06) Posted:
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Same sentiment...Shrted 13 lots at 1.78. Pray for luck!!
since Tuesday...it has been resisted at the 200MA for three days already...chart wise...this would look exhausting...looking at the current market depth...there's over 1.1 million of shares in the sell queue at $1.79 (tuesday intra-day high)
i would actually differ my opinion...it looks good to short this counter...
This counter gap down quite a lot. Let's hope it stabilises next week.
Coming 1 & half days, it is uptrend.
162, 163.
Thanks Singaporegal for the help. Will wait after CNY for clearer directions.
Happy Chinese New Year! Gong Xi Fa Cai!
Too early to conclude that it could uptrend yet. Wait till the week after CNY when trading resumes normally after the holidays.
TA shows it could be uptrend a little. Not for long term. Any idea when the dividend is being announced?
Hi hoshiyo,
The signals for this one is somewhat unclear. But I think it looks slightly biased towards bearishness.
Hi Singaporegal,
Is Comfort still bearish looking under TA?
Hopefully translates into higher share prices and dividend.