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.
Monday, 13 February 2017
From my earlier post, we noted from FTSE Small Cap index is trading on a bullish upward momentum. In short, small cap stocks should generally do well.
One of its component stock, Lian Beng, broke out from its accumulation zone during today's trading session, showing good trending momentum. More info with regards to the set-up are explained on the chart attached in this post.
Short-term traders can consider the following trade plan.
Stop Lost: 0.475
Target Price: 0.590