Entries by Spencer Li

Volume Spread Analysis – Spotting the Hidden Clues in Volume

Price action and volume lies at the core of technical analysis, since that is all the data a market technician works with. Almost all technical methods, such as chart patterns, candlestick patterns or even Elliot wave are studies of price action. Indicators like RSI, Stochastics or MACD are all calculated from price data as well. […]

Dow Jones Industrial Average – watch for demand coming in at support zone

Currently, a markdown phase is heading right into a channel bottom area, where potential demand could come in. We should be looking out for signs of accumulation and bullish reversal bars or small pause bars which could turn the tides.

Advanced Traders Mentoring Sessions at Singapore Management University

After a year of conducting weekly research and classes for the Advanced TA traders from the SMU Investment Club, I am proud to say that there are many promising traders in the club. Given the role of research director, it was my duty to organise trainings on a variety of trading subjects, as well as […]

CapitaLand – reaching a potential distribution zone | Technical Analysis | Singapore Stocks

A support turned resistance zone is a strong psychological zone where short-term traders would try to fade, or take profit on current longs. Hence, it is advisable to trail tight stops and watch the smart money carefully.

CapitaLand – triangle breakout | Technical Analysis | Singapore Stocks

This is indeed a breakout from triangle formation. Some might argue its an ascending triangle due to the obvious double top peaks formed earlier but either way of looking at it is fine. I have drawn it as a symmetrical triangle in the attachment for easy reference. As for the price target, you actually look […]