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Market Technician

Long term asset growth and alpha capture through macro and technical data analysis.

Brandon Leu, CMT CFTe

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Showing posts from December, 2022

16 Mar 2023 - SGX Academy (Mandarin Webinar) 网络研讨会：利用市场趋势和行业分析寻找交易机会

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December 29, 2022

Identifying Trading Opportunities using Market and Sector Trend Analysis (Mandarin) Registration Link (Online session)

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Popular posts from this blog

Bullish Case for Bitcoin

February 11, 2019

BTC Exhibiting Signs of Accumulation 1 year after BTC price plunged from its US$20,000 high to a recent low of US$3,215.20, now we are seeing technical evidence of accumulation by the smart money is in progress . Above is an illustration of Accumulation Zone of the Wyckoff Price Cycle. We are watching very closely for price to cross the creek (est. US$4200 level). A break above the level, we deem that price has proceeded into the Mark Up Phase with 1st objective at US$5,800. If creek is not crossed, a break below US$3,190 will falsify our Accumulation zone analysis. Join us in our FREE Introduction to Richard Wyckoff Seminar to learn more about the method and how the method add value to your market timing analysis.

MIT: Expecting Change of Momentum after Existing Downtrend Line

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

Wyckoff's Law of Effort

Law of Effort Wyckoff's Law of Effort states that on any single trading day (or week depending on time frame), huge volume (effort) push by participants should see huge price movement, resulting in a wide spread (long body). This is a basic principle of effort and result. However, as per Singtel's case study, we saw huge selling volume on 11 May, yet the price action only shows a narrow spread (small body). This divergence of effort and result in Wyckoff's Law of Effort principles, indicates possible exhaustion in selling or hidden buying. Thus, with a lack of weakness, Singtel should continue trading range bound for the coming days or weeks till further strength or weakness is observed. Swing Traders who trades range can consider positions at 3.70-3.72, with exit target 3.76-3.78.

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