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, 17 April 2017

TA Presentation at NTU-SFC 2017

Shared with the audience that with the right understanding, forecasting using Technical Analysis is not complex.

STI has reached its mid-term objective of 3,200 zone following its upward trend since early 2016. Technical observations showned that the index has touched a previous support created in 2014 and Fibonacci level hitting 261.80%, MACD also reaching a peakish level at 76.5.

Thus, traders may hold off their LONG trades, till the index has retraced to a significant support level. Following is the s weekly chart presented at the event.