ComfortDelGro -- 21st Jul 11

ComfortDelGro closed $1.445 and with indicators all pointing towards more upside, it could be breaking out of a cup-handle formation.  The rim of the cup is at $1.47 and the base of the cup is $1.35.  The handle was formed when it rebounded from $1.395.

The DI+ has cut up the DI- in ADX, Stochastic and RSI also turn up.

Estimate breakout target from cup-handle formation is $1.59 with breakout level at $1.47