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..
Straits Times Index Forecast Yesterday we held the Effective Technical Analysis class at SGX Centre. We learned about the key concepts of technical analysis and how to properly analysis a chart for both short term traders and longer term investors.
Here's a chart of Straits Times Index which we analysed. we are expecting downward pressure in the next term and we expect STI to trade towards 1st support at 3,270.
Join Us in the next Effective Technical Analysis class to learn how to step by step analyse a price chart. Disclaimer applies.
First REIT (AW9U) Above chart was posted by one of our Wyckoff Telegram community members, I added some comments to illustrate the Wyckoff method.
In summary, we are seeing positive demand and supply factors, suggesting that First REIT is expected to retest its accumulation resistance and further demand will see it breaking out confirms accumulation breakout.
We saw climatic selling and higher high and higher lows within possible accumuation phase, and one of the key observations of demand is breaking of downward trendline (stride).
However, we hope to see the stock outperforming the market (positive RS) and more funds flowing into the counter (increasing FFI) to further establish that current phase is accumulation.
Join us in our next class to learn the Wyckoff techniques in analysis difference phases of a stock price cycle.
China Markets Both Shanghai Composite and CHina A50 saw a Chang of Character (CoC) within its consolidation zone. On Shanghai Composite, we saw a Spring occurring just before CoC pointing towards weak supply.
With the above demand and supply observations, we are expecting a short-term upward trend on the China markets.
Positive development towards G20 meeting? PBOC introducing measures to support the economy?