ComfortDelgro From Transportation to mobility
Updated
ComfortDelgro have gone through a lot post covid manic. With transportation industry badly impacted by restriction and later by the input costs inflation, impacting badly the financials. leading to removal from the STI Index. The tide is changing with company taking all the steps to make a strong comeback. Inflation adjusted fare is now giving the tailwind to the companies. Technically, The stock is in upward momentum visible from the moving average. Momentum looks stronger to rally to 1.80 over next year or so with consolidation happening at few levels to give it a push.
Note
Resistance of 1.47 proved to be strong resistance with correction until 1.37 to 1.35.. Feel stock should consolidate and eventually will break 1.47
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