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.
Saturday, 17 August 2019
Effective Technical Analysis Class Forecast - Expecting Short-term Bullish Bias
Straits Times Index
We held our latest Effective Technical Analysis class on 7 Aug. Above is the chart we analysed together after the class.
STI is trading nears its channel low with momentum indicator MACD also trading nearing its lows, we have expectations that selling is likely to exhaust.
Thus, we have a short-term bullish bias on STI, with alternative bias of STI breaking below Channel
Wishing all great weekend ahead.