Weekly chart shows the breaking of a 9-month-old down trendline follwed by a bullish MA crossover.
This suggests to look for long trade in the daily time-frame.
The price and Lagging Line in the daily chart are above the cloud, indicating bullishness.
GMMA long-term group is running parallel and moving upwards.
GMMA short-term group is separated from the long-term group.
There is not much expansion and compression within the short-term group.
These indicate that ComfortDelGro is in a steady up trend with little volatility.
This is good for someone who does not want volatility, and has the patience to hold and ride the trend until it has been proven to have ended.
Immediate target price is $1.52, next target price is $1.64.
Outcome:
LONG trade was not opened because was not able to buy at desired price.
The target price of $1.52 was achieved on 20 Feb with a dragonfly doji.
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