Thursday, July 5, 2018

Comfort Delgro - A Hot Stock in The Making

Comfort Delgro, a stock which was bullish on June 26th where I sent a Whatsapp out is running to a high of 2.42 as of now. Comfort was usually a slow stock but in recent week, it's running like mad after taking a small simmer with the overall general market. The buyers were strong and consistent while the sellers kept retreating even on a down market. Study the trend in the 5 min chart, it just showed that the support was built to last stronger each time there was a small reaction. Even after hitting a supply zone, the stock just did not suffer much reaction and ran further. It's amazing to even spot such a good stock in recent months since the market was mostly selling and activities weren't much. I will pick another stock soon but timing is very important at this critical juncture.

Ronald K - Market Psychologist - A Stock Market Opportunist