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, 27 May 2019
STI Poised for Short-term Rebound
Straits Times Index (FTSE STI)
After trembling -7% since entering into May, Straits Times Index (STI) may expect short term rally.
As STI is trading at technical 3,150 support with Stochastic indicator (14/3) , measuring momentum, trading at oversold region.