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, 22 February 2018

Poised for Short-term Pullback - Alibaba (BABA:NYSE)


Alibaba (BABA:NYSE)
After a short term rebound US$170 level. Stock price will likely to pull back towards US$182-180 level (50% of previous rally and 55 Days MA as support), with rally stalled and Bearish Shooting Star pattern sighted.