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.

Monday, 3 July 2017

Singtel


Singtel (Z74): Towards S$4.00-S$4.10
Singtel broke above its accumulation zone last week, also more signifacntly, it traded and closed above its downtrend line (which Wyckoff calls it Supply Line). This is technically significant as it exhibit demand exceed supply situation.

With momentum and trading activity continues to be bullish, we should see Singtel trading towards S$4.00. And S$4.10 if bullish momentum gain pace.

Disclaimer applies.