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.
Tuesday, 8 December 2015
Top Volume Stock Analysis (SG Market) - Genting Sing
Genting Sing (G13):
Signs of Bullish Momentum
Last Done: S$0.78
Genting Sing broke out from its small consolidation zone, S$0.75-S$0.77. Currently, resting on a classical resistance turn support price level of S$0.77. Bullish MACD is also observed. These positive signs amid a soft market are bullish signs.
As long S$0.77 support holds, Genting SP has the momentum to retest its next resistance at S$0.83.