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, 2 July 2018

China Sunsine (CH8:SGX) Expected to Enter Mark Down Phase


Supporting Observations
We are observing multiple Distribution Phase signals, providing us with technical evidence that the stock is expected to enter Mark Down phase.

Distribution signals include Uptrend Stride Broken, Uptrust, Test, Weakening buying activity and finally the HA Colour Change (Momentum) 

The key risk to this observations is that the stock's overall relative strength is stronger than STI as per our relative strength indicator.