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, 16 March 2017


STI has reached a new 2017 high today, currently trading at 3,161.74 (at point of writing). The bullish momentum may be supported by the stablising global economic conditions.

Investors may consider defensive income stocks to gain exposure to the bullish momentum, as such stocks provides dividend support if prices fall back. One stock investors can consider is SPH (T39). 

Technical Observation:
The stock has been in the mark down phase since mid 2014. Early this year, the mark down halted at S$3.45 amid lower revenue and earnings. This may suggest that the stock's mark down phase has potentially ended and accumulation phase taking place.

SPH broke out this morning above the S$3.53 range high. This may suggest that the stock is looking to mark up from current price towards 1st Target: S$3.62, Mark Down Channel Upper Band and potentially 2nd Target: S$3.72, 38.2% retracement from previous high, S$4.15. Stop lost at S$3.445, below low of accumulation phase.