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.
Thursday, 21 May 2015
M1 (Long - SG Mkt) Educational
Remarks: Price's downward trend may come to a halt as support zone approaches with 200 DMA coming up. RSI, a momentum indicator has indicated the price is in Oversold region.
If entry at S$3.20, including special dividend, the dividend yield is 6.5% (using Share Price of S$3.20 and 2014 total dividend of S$0.212).