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.

Saturday, 14 July 2018

Trade Review: China Sunsine (CH8) Marked Down as Forecast

Laws of Wyckoff help traders to read demand and supply on the markets. We identified the weaken of demand on China Sunsine in late Jun, and forecast that supply will soon overwhelm demand leading to a  Mark Down scenario. Within the next few trading days, supply did came in China Sunsine was being marked down to a low of S$1.28, 3c off our target. It was a +14.57% gain in 5 traders days if a trader has shorted the stock.

Join us on the next Wyckoff course and learn how to recognise demand and supply imbalance and identify trading opportunities, following the smart money!