Investors should watch out for this stock as a long term downtrend may be possible. This stock is none other than ComfortDelgro stock. ComfortDelgro stock has come down from a high of $2.88 per share to close at $2.49 yesterday. At where ComfortDelgro stock price is right now, the 200-Days-Moving-Average looks set to be crossed from above. And when that happens, that is when ComfortDelgro crosses the 200-Days-Moving Average from below, a possible downtrend may set in for the stock.
Currently, ComfortDelgro is Oversold but it should not mean that this is a buying opportunity. Investors may be instead catching the tip of a falling knife.
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