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, 29 June 2017
US banks received "Ang Bao" from US FED this morning after US trading hours. Having passed the 2nd Stress Test, the Federal Reserve has approved plans for U.S. banks to use their extra capital for stock buybacks, dividends and other purposes beyond being a cushion for credit crisis, according to Reuters report this morning. The optimism spilled to Asian market this morning.
Following is my technical analysis on DBS.
Fed gives big U.S. banks a green light for buyback, dividend plans (Reuters)http://reut.rs/2soORuJ