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, 27 April 2017
Hi-P on My Watchlist
Hi-P (H17): On Watch-list for Breakout
The stock is trading in a range-bound behaviour, re-accumulation characteristics such as increasing volume on buying and light volume on selling which provides Wyckoff Traders supporting evidence of a re-accumulation zone.
1st Target : S$0.775
Breakout Entry: S$0.710
Stop Price : S$0.670
RR Ratio : 1.63x