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.

Thursday, 4 July 2019

First REIT seeing strength

First REIT (AW9U)
Above chart was posted by one of our Wyckoff Telegram community members, I added some comments to illustrate the Wyckoff method. 

In summary, we are seeing positive demand and supply factors, suggesting that First REIT is expected to retest its accumulation resistance and further demand will see it breaking out confirms accumulation breakout.

We saw climatic selling and higher high and higher lows within possible accumuation phase, and one of the key observations of demand is breaking of downward trendline (stride)

However, we hope to see the stock outperforming the market (positive RS) and more funds flowing into the counter (increasing FFI) to further establish that current phase is accumulation.

Join us in our next class to learn the Wyckoff techniques in analysis difference phases of a stock price cycle.