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, 3 June 2019
Singtel Expecting Bullish Bias
We shared and discussed on Singtel chart during our Wyckoff mentoring session last week.
Price action is pointing towards further Mark Up as current range exhibit signs of re-accumulation and with RS and FFI trading in positive territory.
The price movement is encouraging especially despite recent market sell off on escalating trade tension.
A break above 3.20 will see Singtel trading towards S$3.30 with next target at S$3.34.