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.

Friday, 27 November 2015

Top Volume Stock Analysis (SG Market) - QT Vascular

QT Vascular (5I0):

More Upside
The stock got a boost today after US Court of Appeal do not permit the enforcement of the trial court's judgement as QT Vascular pends for appeal.

The huge volume potentially signals short cover or short-term buying interest. And with the 1 month high volume today, QT is likely to trade towards its next resistance at S$0.117. If successfully broken, the next target will be S$0.140.

*Personal View, Disclaimer Apply