Trade Review: Singtel 1st TP reached


Singtel
Singtel has reached its 1st target at S$3.30. 

 The set-up was part of our studies on demand and supply character within a consolidation zone, during our Richard Wyckoff mentoring session.

 Next Introduction to Richard Wyckoff Method seminar will be on this coming Wednesday 12 June, 7pm at SGX Auditorium. 

 See you.

Popular posts from this blog

MIT: Expecting Change of Momentum after Existing Downtrend Line

Image
  MIT: Expecting Change of Momentum after Existing Downtrend Line What are we expecting? Mapletree Industrial Trust ( ME8U ) broke its key downtrend line on 18 Mar 21, technically signaling positive trend change. Similar to Apr 2020 move. Momentum Indicator, MACD (bottom of the chart) is displaying a upward sloping momentum which is supportive of the technical move. Who should be concerned? Investors:  Consider increasing allocation into ME8U under income portfolio, with current indicative yield of 4.50%. Traders: Taking Long positions  with 1st target price at S$2.95, next at S$3.30.Stop Loss below S$2.50. *Disclaimers apply
Read more

Chart Review: Xiaomi (1810:HK)

Image
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.
Read more

Expecting Further Upside for Tencent (700:HK)

Image
 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
Read more