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.
Tuesday, 18 July 2017
CapitaLand (C31) Bullish Flag Pattern
CapitaLand consolidated since March 17, after government announced to tweak part of the property cooling measure. Under the Wyckoff Method, we termed this consolidation zone as Re-accumulation with the prospect of another upward move (Mark Up).
At times, the re-accumulation can be slanted downward. But it also proves the supply is considerably larger than normal re-accumulation zone. Traders should be more cautious when trading breakout for stocks.