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, 3 December 2015
Top Volume Stock Analysis (SG Market) - GLP
Last Done: S$2.08
GLP rebounded from its S$1.965 low trading, currently near its S$2.10 resistance.
Volume is flat as it trades near its resistance. This shows that traders are still not convinced that the stock will trade higher than here.
Thus, we may see selling pressure coming in again to retest its S$1.965 support.