Starhill Global Finally!

Seeing Strength in Starhill Global
When I first started out in trading and chart analysis, whenever I see price breaks out from trend line, I often have doubt if the break is a true breakout or a fake break.

With years of research and trading experience, I've came to realise that a stock performance against the market and its trading volume help us to improve the probability of trading or investing into trend line breakouts.

In the above chart, Starhill Global, we saw price broke out from its multiple year downtrend line.

Breakout or Fake Break?
With the stock outperforming the market (Positive RS Indicator) and strong FFI (fund flow index), we have a strong probability that the stock 's breakout will follow through.

The RS and FFI indicators, we have helped to reduced the guessing game when analysing the chart.

Join us in our upcoming Richard Wyckoff Method Course to learn how improve our trading probability by understanding and applying relative strength concept and how to trade along side smart money and the market.

The course is organised in conjunction with SGX Academy.

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.

DBS Group Holdings (D05): Upward Move Expectations

DBS Group Holdings (D05) Upward Move Expectations Technically, price trading above 36.58, could see DBS Group retest previous high of 38.55. Both Relative Strength and momentum indicator FFI are supportive of the move. Stop below 35.42 Disclaimers apply

Keppel DC REIT (AJBU): Expect price to trade towards S$2.00

Keppel DC REIT (AJBU) Expect price to trade towards S$2.00 We have observed a decrease in technical supply at the S$1.80 support area during recent trading sessions. Furthermore, a softer interest rate outlook could be advantageous for the Data Centre operator. Consequently, we anticipate the REIT to move towards our initial target of S$2.00, with the potential to reach S$2.20 if it breaks through resistance. Our stop level is set below S$1.72. Disclaimers Apply

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