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Long Term - Monthly Chart


As mentioned yesterday on Twitter (here), the U.S. listed ETF tracking the Singapore market has been on an uptrend since early 2017 and on a relative basis, has recently started to outperform the general market, tracked via the ACWI ETF.

While going through all the components of the Singapore Straits Times index, I found the long-term (monthly) chart of Confort Delgro rather interesting:

The price is turning around (from a downtrend to an uptrend) at the 61.8 Fibonacci retracement level from the 2011 low to the 2015 high uptrend.

The RSI broke out of its downtrend which started in 2015.

The MACD is about to give a bullish crossover signal, although not confirmed yet !

As a side note, Confort Delgro has a 4.5% Dividend Yield.

#Fibonacci #Singapore #transport #SGXC52 #C52 #Monthly #ETF #Relative #EWS

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