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.
Tuesday, 13 August 2019
DBS Trading Towards S$24.00
DBS broke key support at S$25.00. With price experiencing steep outflow and weaker than market performance, DBS is expected to trade towards S$24.00.
MACD continues to trade in bearish momentum.
Trading above S$25.22 will falsify above analysis.