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.

Wednesday, 21 December 2016

BreadTalk Revisit

BreadTalk Revisit
Identifying market phase is important and has always been the first step of my market methodology, it helps traders identify trading opportunities more efficiently. ...

A re-cap, following was an earlier post on BreadTalk. The stock was trading in the Mark Up phase with momentum paused, forming a Bullish Flag Pattern.

Traders can take the opportunity and apply Fibonacci projection tool (a simple and useful tool I discussed in my last seminar) to determine the target price. The trade went well as planned.

Breadtalk will likely enter into another accumulation/distribution phase, in view of the light volume traded during the later phase of the mark up.

I will share more of my methodology and future seminar details in my future posts.