In view of current STI index is in the range of side way since January & its MACD is also sideway but below the 0 line.
I would suggest to short Comfortdelgro after it had pull back twice. As chart above indicate MACD is already in the downturn direction and it is already below 0 line.On top of that both CCI & RSI also in its downtrend direction.
Support 1.28 shall turn into resistance & next support level at 1.19.
PS: Last Friday buy vol is very high, as such short only when this coming week its day trade summary had show sign of strong down turn.
Cheers for "shorting".
Elliott Wave Stock Market Update - July 10th
3 years ago
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