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, 19 April 2017

YZJ



YZJ (BS6): MARK DOWN

Technical Observation:
The stock experience climatic buying (CB) in early Mar 17. It traded range bound as for the whole of March. Today the stock marked down from its range trading at 1.07, completing the distribution range. 1st target for YZJ is S$1.00. This is a previous resistance-turn-support level and also a whole-number level.