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, 4 December 2015
Top Volume Stock Analysis (SG Market) - Rowsley
Bullish Momentum Resumes
Last Done: S$0.186
Stock price moved after Business Times reported that Peter Lim, company co-owner, has announced that it will speed things up at the company. Ng Ser Miang, has also been announced to be the new Chairman of the company.
The series of good news likely to get traders and investors excited with the stock's price action showing signs of possible uptrend momentum, with possibility of retesting its nearest resistance at S$0.20. A breakout from S$0.20, would see the stock's uptrend movement resume.
The bullish signs include white candle break up with high volume and MACD bullish crossover observed.