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.

Monday, 30 November 2015

Top Volume Stock Analysis (SG Market) - NOL

NOL (N03):

Test Support
NOL is still in takeover discussion by France's CMA CGM. We are seeing some profit taking action. Sellers are likely to dominate the trading action during this period as we see price action softens with momentum indicators slowing.

Thus, we are likely to see NOL retesting its support at S$1.16, a Gap support created on 23rd Nov 2015, which also coincide with the lower channel.

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