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, 4 May 2017
Sheng Siong (OV8): Mark Up
The stock entered into re-accumulation after a mark up from S$0.96 level. In recent days, we are seeing consecutive days of increasing volume which may signal upcoming Mark Up. Aggressive traders can consider entry at current level. Conservative traders may like to wait for Line change at S$1.005.
Probable Trade Set-up:
R/R Ratio: 2.0x