Market Technician

SIA:SP (Weekly Chart) Bullish Bias towards S$11.65 SIA has been trading in a medium term range bound between S$9,43 and S$12.93. Price broke out from its May 17 - Jan 2018 consolidation (Accumulation phase?), a bullish Ascending Triangle like pattern . Using Fibonacci retracement tool, we project the 1st target price at S$11.65 with 2nd target price at S$12.50. Fundamentally, SIA is experiencing load factor improvements during the last few months 2017. Meanwhile, its related airlines Silkair and Scoot are both also seeing improving passenger carriage growth. As Asian and global economies continue to strengthen into 2018, SIA operating environment momentum looks set News Link: http://sbr.com.sg/aviation/news/sia-groups-passenger-load-factor-18ppt-847-in-december Key risk on the charts would point to the decreasing volume and a price break below S$10.33, will violate the above forecast.

Following was an analysis in our Facebook Group on SATS. The stock traded according to our forecasted market analysis. Join our FB Group Here .

Speaking at Bloomberg to industry professions on Coming Technical Analysis and Wyckoff Method during our CMT Association Singapore Chapter Annual Meeting. Speaking at Bloomberg Sharing on Wyckoff Method

Singapore Exchange (S68) Last week we saw various cyclic sectors rally, especially when we reported 4.6% GDP growth for 3Q17. With both broad market and financial sector showing positive momentum which statisfy the 1st two steps of the Wyckoff Method, traders is still not too late to look into the following financial stock which is showing potential sign of breaking out of its symmetrical triangle pattern (accumuation). Personal View. Fundementally, Singapore Exchange (S68) is also showing positive o ... utlook for both its deveriatives and securities business, which may see earnings growth in the coming quarter's financial reporting. Disclaimer Applies.

Glad to be invited by Hong Leong Investment Bank in KL, Malaysia to speak to their clients on trading indexes and individual stocks. We had a great time, sharing with them how to combine Technical tools with fundamental information to forecast future price.

Glad to share the same stage with Straits Times Goh Eng Yeow this morning for his book launch event. Shared simple application of linear regression on timing market indexes.

Price consolidated in a re-accumulation zone within US$50-US$53 since early Aug. Earlier yesterday, we finally saw the price did a breakout (Sign of Strength) above US$53 level, and  closed above US$53.00 on the 4-hourly chart. This gave us conviction that oil  is trading in a Mark Up phase with 1st objective set at US$54.50.  The 1st objective level is set based on a confluence of factors which includes previous  resistance level  and  Fibonacci projection  of 161.80%. Similarly, the 2nd objective is also based on confluence of previous resistance and  Fibonacci projection  of 261.80%. Momentum indicator, MACD, also continue to displayed upward momentum with the MACD trading above zero line. In addition, oil would be trading towards a seasonality strong period bought by the colder weather towards year-end.