Singapore Wyckoff & Volume Spread Analysis

Been waiting for the pennies to die off before charts become more favourable to see. Like the Hokkien song, "Wu Xi Ki, Wu Xi lou". Stocks can't forever go up, you need a rest, a pit stop just like a human. Thus a retracement is definitely necessary if we are going higher. Other bluechips stocks that I have paid a some attention was Cland and Wilmar which had a massive sell down last last Friday. Someone in my fb page actually felt that there is a potential massive selling wave coming for these 2 stocks but well, you shouldn't be worrying now at least. This was the exact reply on wilmar when the massive sell down volume was seen. Having said that, while we are currently in the bull market, please do take profits as and when possible along the way!

To readers, I will be posting more in the facebook page for discussion/ideas. Reason : due to ease of communicating and posting. Blog page will still be there but will be update less frequently

Under large accumulation at the moment. Should see more upside in the near future! Friday -10am/ THAI BEV SEEN absorbing shares.

After the strong selling down of WE Holdings and friends, the whole of last week was seen as the "come back" for penny play in most retailers eyes. Whenever such selling down had occured, never try to partake one even if the temptation is there.  With respect to singhaiyi, I think the SM has took up the opportunity to push up the stock prices after the placement shares had come out. Old news actually...The operation did not not last very long as the pennies stocks had just undergo a massive sell down the week before. Any pull backs are just technical rebound and is unlikely to break its old top.(Short Term) Daily Chart : Upthrust is seen.  End of rising market? Hourly chart : SD:Sell Down.BU :Buy up

ISDN properly look the best for some short  term play.

NEW SHORT SELL RULE Was sharing with colleague the cool new feature of our exchange..a daily report of our reported shorts order. Go to Members and professionals -> Marking of sell orders Yesterday was a short feast with WE holdings leading 80million volume of shorts. With a total volume of 400m, and assuming the shortists had covered back. This mean close to a 50% of volume was created by shorts alone with cover back. Overdone? Also, caught this amazing phenomenon during the start of trading hour. WE Holdings opened low today as compared to yesterday close. Many retailers might think is an easy way down as many feel that the pennies seasons is done. However, the SM proved them wrong. Just 17 seconds into the trading hour, a buying up  order close to 10 million worth of shares of WE Holdings is done at 0.056. After seeing that huge order, I know that the odds are against the short term shortists. True enough, WE holdings then went to a high ...

Sharing on Wilmar and how the professional took advantage of the hype 2 months ago. While everything is on hindsight now, as a VSA practioners, I will describe myself more as a "on the go" type of trader. Meaning, I will react accordingly to what the chart shows me @ the end of the day. Did a sharing with one of my client on the outlook of CPO/wilmar. While this bar looks very normal in the daily chart, I have highlighted that its hourly chart actually had revealed on the direction of  wilmar. Ultrahigh volume bar = profit taking from BB (confirmed on the next few bars) Not expecting CPO prices to rebound any time soon. 3.30 is only a magnet level where Wilmar should be going by in a short while. Then, we should see its prices/spread/volumes again.

@Jason : below is how I see Lifebranz. Close to 6months of accumulation before it even started moving @ the start of this year.

Exciting weeks ahead for the month of March. I expect a lot of news driven activities and lot's of panics to be take advantage of. However, please do not over leverage your positions; do not average down your positions unncecessary. As the earnings season is about to end, it is time to relook at all the mid cap stocks once again!  Below are the list of stocks that I highlighted using Marketinout's scanner. Will do a manual scan this week.Do take  a look at the Java software if you haven't. Lastly, another shoutout to my company trading event in the upcoming week on 9th Sat. The event/seminar is  a coaching event on methods of TA,Quans and most importantly, I think trading psychology will be covered too. If you are interested, do drop me an email @ sgwyckoffvsa@gmail.com, seats are limited.