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.
Wednesday, 30 May 2018
DairyFarm Swing Trade Worked Out As Planned
During my SGX webinar on 22 May, sharing with participants on swing trade opportunities after Dairy Farm breakout from US$8.65 resistance. The breakout candle was weak as we saw a half bullish candle, thus we expect price to retest its US$8.65 level before rally is to continue. This provided traders with swing trading opportunity, +US$0.25 (US$8.65-US$8.90)