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.

Saturday, 24 June 2017

Taiwan Stock Exchange Weighted Index (TWSE)

The TWSE continues to trade with momentum, despite Panama cutting ties with Taiwan in recent politcal development. Taiwan's multiple year rally is mostly powered by the outperforming technological stocks.

The technicals trading momentum remains strong with the monthly MACD continue to slope upwards and a long white body on its most recent candlestick. Thus, this provides us with technical supporting observations that the index has a good chance of trading towards the upper end of the index's linear regression line.

Traders can gain acess to TWSE via ETFs tracking the index.

Disclaimer applies.