ComfortDelGro is slowly recovering after COVID period as transportation are coming back, many know that ComfortDelGro is a taxi service company but that is only part of the many things they do, they actually own 70% of SBS transit buses they also do vehicle inspection (Vicom), my take right now is to watch the support level of 1.61 and see if it breaks or it will bounce back. Can look at two levels to take profit 1.81 and 1.90.
Look out for the two fibonnaci levels 0.5 and 0.618 if this level are broken the trend might change.
Look out for the two fibonnaci levels 0.5 and 0.618 if this level are broken the trend might change.