The Market Technician

Momentum . Cycles . Supply and Demand

Brandon Leu, CMT CFTe

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Brandon Leu CMT CFTe

Weakness observed on BTC, Distribution Phase?

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May 20, 2019

Weakness as explained on chart. A fall below the ice, closing below $7,000, will confirm BTC Distribution Phase (Top).

Closing above $8,400 will falsify the analysis.

Disclaimer applies.

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Chart Review: Xiaomi (1810:HK)

December 28, 2019

Xiaomi (1810) We shared that Xiaomi have broke out of its Accumulation zone and is entering the Mark Up phase. Price continues to mark up as analysed. Congrats if you have followed the trade. Accumulation Phase is a zone where supply exhaust and demand overtake the dominance. Also a zone where smart money comes into the market and pick up the stock at a low price. A break out from this zone will expect to see continuation of price mark up untill supply comes in. Understanding the Wyckoff's Accumulation Phase helps individuals trade alongside with smart money. Disclaimer applies.

Target Price Reached for S&P 500

May 11, 2020

Today's Chart Forecast Chart Amid negative COVID-19 news and lock-down announcements, S&P 500 traded upwards as forecast. Financial markets moves somewhat in a different pace with the real economy. Technical analysis and demand supply studies provide helps bridge the gap.

Expecting Further Upside for Tencent (700:HK)

October 28, 2020

Expecting Further Upside for Tencent (700:HK) Expecting further upside after Tencent leaves Re-accumulation Phase (Trading Range) possibility entering in Mark Up Phase. Over the Re-accumulation range, stock showed the transition from supply dominated action to weakening of supply to demand dominated action. Stock is trading relatively stronger than the broad market ( RS above zero), indicating strength in demand for the stock. Price trading below $550 level will falsify the Mark Up Phase analysis and stock will reenter trading range. Disclaimers apply

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Chart Review: Xiaomi (1810:HK)

December 28, 2019

Xiaomi (1810) We shared that Xiaomi have broke out of its Accumulation zone and is entering the Mark Up phase. Price continues to mark up as analysed. Congrats if you have followed the trade. Accumulation Phase is a zone where supply exhaust and demand overtake the dominance. Also a zone where smart money comes into the market and pick up the stock at a low price. A break out from this zone will expect to see continuation of price mark up untill supply comes in. Understanding the Wyckoff's Accumulation Phase helps individuals trade alongside with smart money. Disclaimer applies.

DBS Expecting Mark Down

September 18, 2019

DBS Expecting Mark Down Today, DBS broken below our signal line (Red). We are expecting further mark down as both our Relative Strength indicator are displaying bearish signs. Our indicators, RS Indicator is below zero , this denotes that stock is trading weaker than the market. Fund Flow Index (FFI) indicates that in recent trading, demand is much weaker than supply, supporting the bearish claim. Both RS and FFI indicators are provided to our course participants (no subscriptions required). Also, with the above proprietary market demand and supply indicators interpreting bearish signs, it helps support a stochastic trader trading the bearish crossover signal. DBS (Hourly Chart) Our Wyckoff class participants will also learn to develop skills of a trader by reading market demand and supply using the Wyckoff Method. Learning to identify different phases of a price cycle and recognise signs of demand or supply such Buying Climax (BC), Secondary Test (ST

DBS Not In a Favourable Situation

August 12, 2018

BUY OR BYE Though this was a short trading week but was an eventful one as we saw Elon Musk indicating of taking Tesla private to Turkish Crisis. And back to local market (Singapore), this week we too saw a significant technical event occurred on DBS chart. We observed that for the first in 20 months, DBS has fallen out of favour on the SG market. Using on our proprietary relative strength indicator, DBS's Relative Strength Indicator has traded below zero, under-performing the market . The most recent two occurrence saw DBS went into a bearish bias after it traded below zero. Fund managers seeks Alpha to beat their respective benchmarks. Thus, when a stock under-performs the market, it only means either fund managers will be avoiding such stock or are already exiting/shorting the stock. Either way, we'll don't want to be trading against them. As a retail/private trader, the RS Indicator helps us trade alongside with smart money . In this instance, havi