ComfortDelGro in unconfirmed inverted head and shoulders?

Evening all,

I have a chart of ComfortDelGro for today.

I am seeing an unconfirmed inverted head and shoulders in ComfortDelGro, C52.SI. Just to explain what I mean by unconfirmed: an unconfirmed pattern in my book is a pattern that is quite pronounced already – mature – but a breakout is yet to be seen. The risk in trading unconfirmed patterns is that you do not have indication of future price direction by a breakout. Anyway, ComfortDelGro will be meeting with strong resistance from the 200-week MA. Once broken though, expect some more upside to the $1.60 region, where C52.SI will test post-crash highs.

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

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