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.
Friday, 9 June 2017
The stock has been on Mark down since Feb 17. However, in mid May we saw likely climatic selling as trading volume hit 5-6 months high. In recent trading, we saw improving volume, whic provides us with technical reasons of a rebound towards the accumulation zone high of S$0.58 with 2nd target at S$0.66.
Probable Trade Set-up:
T: S$0.58 / S$0.66
R/R Ratio: 0.5x / 2.5x