Since the start of the year when the pandemic escalated, we have seen Comfort Delgro prices tanking down by more than 40%.

 

From 2.40 all the way to 1.30 in 3 months..

 

It was a fast and furious sell down as ridership numbers fell tremendously when the restrictions started and eventually with circuit breaker implemented.. 😷🚕

 

Then we started to see 𝐬𝐨𝐦𝐞 𝐬𝐢𝐠𝐧𝐬 𝐨𝐟 𝐬𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 from the charts…

 

 

Joey here, Top Tier Remisier in Phillip Securities.

 

Over the past 2 weeks, with pharmaceutical companies one by one announcing the effectiveness of their vaccines, it has lent a boost to Comfort Delgro on recovery hopes… 😅

 

Some short term upside signal spotted and it rebounded fast.

 

So can there be more strength as we head into the end of the year 2020.

 

It depends if we can hold above this key level now..

 

Check out what it is and where can we potentially see selling again.. >> https://youtu.be/clRWuhUhvTc