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, 6 February 2018
Posied for Short Term Rebound - DBS
DBS: Technical Rebound
We are expecting DBS to rebound from here after steep sell off as we can see from the chart that DBS is resting at a resistance turned support zone, and trading below the Bollinger band 2x SD lower band, with a bullish hammer pattern.
Expected rebound target at S$26.30-S$26.50.