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DBS Expected to test First Support

August 01, 2019

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DBS (D05)
We saw a change of character during yesterday's trading session. We are expecting further downside on DBS with first support at S$25.80-S$26.00 zone.

DBS

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DBS Expecting Mark Down

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) indicatesthat 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), and Signs of Weakness (SOW).

In conjunct…

ThaiBev Expecting Further Strength

ThaiBev (Y92)

Price broke out of its re-accumulation zone that started since early Sept, it continued to mark up with Bullish character (Rally with increased volume and react with low volume).

Supporting the market are Relative strength showing outperformance against the market and technical indicator MACD displaying positive momentum.

1st target level will be at S$0.95 resistance.

Stop price at 10D SMA (10 days simple moving average)

Disclaimer applies.

Chart Review: Xiaomi (1810:HK)

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.

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