I'm Brandon, a senior stockbroker at a local securities firm and also a professional trainer with Singapore Exchange (SGX) Academy. Holder of Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) with over 10 years experience in the financial industry.
This blog aims to share how private traders can forecast price and trade in line with the market and smart money by applying Wyckoff principles and simple technical analysis techniques.
Wednesday, 17 July 2019
Bitcoin (BTC) and Ethereum (ETH)
Cryptocurrencies experienced weakness after political leaders, particularly US Preseident, Donald Trump, commented negatively on the coins.
BTC fell thru the ICE while ETH trading in MARK Down phase.
BTC is expected to see further weakness after falling thru the ICE (Key Support within Distribution Phase). First support at 7,500 level.
ETH already trading in Mark Down Phase is expected to see support at current 190-200 level. Thus, we may see the drop taking a breather with overhead resistance at 250 level.
Learn to analyse the chart and spot opportunities with Price Cycle and Supply Demand mindset at our next Richard Wyckoff Seminar.
Tuesday, 16 July 2019
Expected to retest Creek (Resistance at Accumulation). A clear break (Sign of Strength) will see Jumbo entering into Mark Up phase. Currently RS and FFI is showing strength.
Blog will update on post again as stock touches Creek.
Monday, 15 July 2019
Quick Commentary: Price broke out from its consolidation zone as stock Relative Strength (RS) is bullish and Fund Flow indicating the same, we expect further upside on Pengiun.
Earnings suprise or favourable corporate action coming up?
Thursday, 11 July 2019
Straits Times Index Forecast
Yesterday we held the Effective Technical Analysis class at SGX Centre. We learned about the key concepts of technical analysis and how to properly analysis a chart for both short term traders and longer term investors.
Here's a chart of Straits Times Index which we analysed. we are expecting downward pressure in the next term and we expect STI to trade towards 1st support at 3,270.
Join Us in the next Effective Technical Analysis class to learn how to step by step analyse a price chart.
Thursday, 4 July 2019
First REIT (AW9U)
Above chart was posted by one of our Wyckoff Telegram community members, I added some comments to illustrate the Wyckoff method.
In summary, we are seeing positive demand and supply factors, suggesting that First REIT is expected to retest its accumulation resistance and further demand will see it breaking out confirms accumulation breakout.
We saw climatic selling and higher high and higher lows within possible accumuation phase, and one of the key observations of demand is breaking of downward trendline (stride).
However, we hope to see the stock outperforming the market (positive RS) and more funds flowing into the counter (increasing FFI) to further establish that current phase is accumulation.
Join us in our next class to learn the Wyckoff techniques in analysis difference phases of a stock price cycle.
Tuesday, 2 July 2019
Ping An (601318) | KweiChow Moutai (600009)
Amid the trade war, smart money are chasing Chinese stocks with strong domestic exposure and supply such as Ping An and Kweichow Moutai.
Both stocks broke record high during yesterday's trading session with price and volume action suggesting smart money inflow.
Technically, we are expecting further upside for both industry leaders.
Thursday, 13 June 2019
Both Shanghai Composite and CHina A50 saw a Chang of Character (CoC) within its consolidation zone. On Shanghai Composite, we saw a Spring occurring just before CoC pointing towards weak supply.
With the above demand and supply observations, we are expecting a short-term upward trend on the China markets.
Positive development towards G20 meeting? PBOC introducing measures to support the economy?