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, 26 November 2015

Top Volume Stock Analysis (SG Market) - Spackman Ent

Spackman Ent (40E):

Consolidation Begins
The stock has trended up for 2 months since the breakout in October 2015.

Volume and momentum indicator, ROC(13) is decreasing, thus we have a likely view that the stock would consolidate between its previous consolidation high of S$0.165 and recent support price of S$0.140.

We are likely to see the moving averages play catch up before demand starts coming into the stock again.