June 3, 2014
Thought and Notes of Trading. Moses’ US, Hong Kong and Singapore Stocks Analysis – ComfortDelgro, SBS Transit, SMRT
From a geometry analysis standpoints, ComfortDelgro, C52 is waiting to complete its geometry of AB=CD chart pattern. See chart for details. As mentioned in the recent post, June 1, 2014, … there is still some room for the stock to move north. … now, the gap is tested again.
Doji provides an indication that there was an indecision for the traders and investors. There is possibility to move north or south. When you have double Doji that will mean the market is really waiting for something. There is a need of some force to push.
On June 3, C52 open at 2.35 and closed at 2.40 with the high of 2.42 and low of 2.33. It had a range of 9 cents, traded 10,755,000 shares. Not bad. An Doji Morning Star Candlestick Pattern. See Daily Chart for details.
Can the momentum be maintained? Will see.
Welcome to Moses’ US, Hong Kong and Singapore Stock Corner, Think Think!
We have studied ComfortDelgro, C52 at May 10, 2014, June 1, 2014. From the geometry analysis, we expect the stock to rally higher. With the news of the transport restructuring, from geometry analysis AB=CD, there is room for the stock to move north.
May 30, 2014 C52 ended a Doji, followed another Doji on June 2, 2014 the next trading day. This is really good sign for an indecision. It provides a potential for bounce back with a little force to tip over. However, we warn to watch out, as the MACD Histogram has showed weaken. Be mindful.
ComfortDelgro C52 June 3, 2014 Daily Chart.
ComfortDelgro, C52 June 3, 2014 Daily Chart – Double Bottom
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Compare ComfortDelgro, SBS Transit, SMRT (Singapore Mass Rapid Transit)
Lets look at the major Singapore public transport stocks listed in Singapore Stock Exchange, SGX. Compare these three stocks. What have your discover? AmiBroker charting software offers you a feature to put a number of stocks on the same chart with the same time. You could make a trading decision with the comparison. As a trader you need powerful and flexible charting software. The only disadvantage, you can’t protect your formula from seeing the AFL source code.
ComfortDelgro, SBS Transit, SMRT June 3, 2014 Daily Chart
Three listed Singapore Public Transportation Stock, Comfortdelgro, C52, SBS Transit, S61 and SMRT S53 Daily Chart June 3, 2014
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Thanks for visiting AmiBroker Academy.com.
Moses
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