Arthur Wang Technical Analysis

Monday, March 24, 2025

CapLand IntCom Trust - 24 Mar 2025

Technical Analysis of CAPLAND INTCOM T (C38U) - SGX (Daily Chart)

1. Trend Analysis

✅ Current Trend: Uptrend

The market was previously in a downtrend, bottoming at 1.90 SGD (December-January).
A higher low (1.92 SGD in February) and recent higher highs (2.14 SGD in March) confirm a trend reversal.
The breakout above 2.00 SGD (resistance turned support) led to bullish momentum.

⚠ Signs of Weakening Trend:

The most recent high (2.14 SGD) had a long wick, indicating selling pressure.
Some bars show overlapping candles, which could signal consolidation or indecision.

2. Key Price Action Signals

📌 Bullish Signals:

Strong bullish trend bars from late February to mid-March, showing aggressive buying.
March 22 breakout above 2.00 SGD was accompanied by high volume.
No major bearish engulfing or reversal patterns yet.

⚠ Bearish Signals:

Pin bar at 2.14 SGD shows rejection at resistance.
Potential double top around 2.14-2.15 SGD.

3. Support & Resistance Levels

🔹 Major Support Levels:

2.00 SGD – Psychological level & previous resistance.
1.92 SGD – Recent higher low.
1.90 SGD – Key bottom from December 2024.

🔸 Major Resistance Levels:

2.14 - 2.15 SGD – Key resistance level (rejection visible).
2.16 - 2.20 SGD – Previous swing high zone.

4. Breakout & Pullback Analysis

✅ Breakouts:

Strong breakout above 2.00 SGD with volume confirmed a trend shift.
Recent attempt to break 2.14 SGD failed, signaling resistance.

⚠ Pullbacks:

Price pulled back after hitting 2.14 SGD, but buyers stepped in at 2.10 SGD.
If price holds above 2.00 SGD, the uptrend remains intact.

5. Market Context & Trading Bias

🔹 Market Phase: Uptrend with potential consolidation.
🔹 Trader Sentiment: Mixed; strong buying recently, but sellers emerged at resistance.
🔹 Next Move: If price clears 2.14 - 2.15 SGD with volume, expect continuation to 2.20 SGD. Otherwise, a drop back to 2.00 SGD is possible.

6. Supply, Demand & Liquidity Analysis

📌 Demand Zones:

1.90 - 2.00 SGD: Strong buying seen.

📌 Supply Zones:

2.14 - 2.16 SGD: Sellers active.

📌 Volume Analysis:

Recent breakout was backed by volume, but the rejection at 2.14 SGD suggests profit-taking.

7. Risk Management Strategy

📌 Bullish Plan (If expecting continuation):

Entry: Above 2.14 SGD after breakout confirmation.
Stop Loss: Below 2.00 SGD (invalidates uptrend).
Target: 2.20 - 2.25 SGD zone.

📌 Bearish Plan (If expecting rejection/fake breakout):

Entry: On rejection at 2.14 SGD.
Stop Loss: Above 2.16 SGD.
Target: 2.00 SGD (support retest).

Conclusion

🔹 The stock is in an uptrend, but resistance at 2.14 - 2.15 SGD is holding.
🔹 A breakout above 2.15 SGD could confirm a move to 2.20 SGD+.
🔹 A drop below 2.10 - 2.00 SGD might trigger a pullback to 1.92 SGD.

📊 Watch for:

Strong breakout with volume above 2.15 SGD = bullish signal.
Rejection and breakdown below 2.10 SGD = possible retracement.

Disclaimer:Please note that this analysis is for educational purposes only and should not be taken as investment advice. Trading involves significant risk, and you should consult with a financial advisor before making any decisions.

Dividend: 5.21%

Sunday, March 23, 2025

Multi-Chem - 21 Mar 2025

Multi-Chem (AWZ) - Daily Chart Analysis (SGX)

1. Trend Analysis

Primary Trend: Uptrend
Recent Higher Highs & Lows:
- Higher highs at 3.10 → 2.91 → 2.90 → 3.31 → 3.55
- Higher lows at 2.35 → 2.67 → 2.70 → 2.73 → 3.20
Trend Strength: Strong uptrend, but minor consolidation around 3.20 - 3.31
Signs of Weakening:
- Some smaller candles with overlapping wicks (possible consolidation).
- Resistance at 3.31 and 3.55 where price previously rejected.

2. Key Price Action Signals

Strong Trend Bars:
- Sharp breakout on high volume from 2.87 to 3.55, indicating strong demand.
- Bullish momentum after crossing 3.00 psychological level.
Reversal Patterns:
- Possible rejection at 3.55 (long wick and retracement).
- Price action forming higher lows, confirming sustained demand.
Inside Bars & Doji Signals:
- Several small-bodied candles near 3.20 - 3.31 range, signaling indecision.
Volume Spikes & Anomalies:
- Significant volume surge on the 3.55 breakout attempt (potential breakout failure).
- Current volume has reduced, indicating a potential pause before the next move.

3. Support & Resistance Levels

Key Support Levels:
- 3.20 (current price, tested multiple times).
- 2.87 - 2.90 (prior resistance turned support).
- 2.68 - 2.70 (strong swing low area).
Key Resistance Levels:
- 3.31 (recent rejection).
- 3.55 (strong supply zone; failed breakout).
- 3.60+ (potential breakout zone if volume confirms).

4. Breakout & Pullback Analysis

Breakout Strength:
- The 3.55 breakout failed, resulting in a retracement.
- Price now consolidating around 3.20.
Pullback Patterns:
- Price pulled back from 3.55 to 3.20, testing demand.
- Holding above 3.20 suggests bullish continuation is possible.
- A breakdown below 3.20 may lead to a test of 2.90 support.

5. Market Context & Trading Bias

Current Phase: Uptrend with consolidation.
Potential Trend Shift?: If price fails to reclaim 3.31, a deeper correction may happen.
Trader Psychology:
- Breakout traders trapped at 3.55 may exit if price fails to push higher.
- Buyers defending 3.20, but if demand weakens, a pullback to 2.90 is possible.

6. Supply, Demand & Liquidity Analysis

Supply/Demand Observations:
- Strong demand around 3.20 as buyers step in.
- Liquidity is thinning near 3.55, leading to a false breakout.
Potential Trade Setups:
- Bullish: Long near 3.20 with stop below 3.10 and targets at 3.31 and 3.55.
- Bearish: If price closes below 3.20, short to 2.90 - 2.70 support zones.

7. Risk Management Strategy

Bullish Entry: Near 3.20, stop at 3.10, target 3.31 → 3.55.
Bearish Entry: Below 3.20, stop at 3.31, target 2.90 → 2.70.
Breakout Confirmation: Only enter above 3.31 if volume increases.

Final Summary

Trend: Uptrend but currently in consolidation between 3.20 - 3.31.
Key Resistance: 3.31 and 3.55.
Key Support: 3.20 and 2.90.
Bias: Bullish above 3.20, bearish below it.
Next Move: If price breaks above 3.31, next test is 3.55.
- If it breaks below 3.20, a pullback to 2.90 is likely.

Saturday, March 22, 2025

Patience Is a Weapon - Warren Buffett

Warren Buffett saw the sell off coming and hoarded cash, analyst says, as markets await his next move — 'patience is more than a virtue, it's a weapon'

CapLand China - 21 Mar 2025

Technical Analysis of CAPLAND CHINA T (SGX: AU8U) - 1D Timeframe

1. Trend Analysis

Current Market Trend: Downtrend
- The stock has been in a long-term downtrend since hitting a peak of 0.940 in late 2023.
- Recent price action shows lower highs (LH) and lower lows (LL) confirming the downward momentum.
Recent Trend Structure:
- Lower Highs: 0.840 → 0.765 → 0.740 → 0.710
- Lower Lows: 0.720 → 0.690 → 0.660 → 0.655 → 0.680
Signs of Trend Weakening?
- A short-term bounce is visible from 0.680 to 0.720, indicating some buying interest.
- However, the latest price at 0.700 is still below key resistance at 0.740, suggesting the downtrend remains intact.

2. Key Price Action Signals

Strong Trend Bars:
- The 0.885 spike in October 2024 had a strong bullish breakout, but the price failed to hold, indicating a bull trap.
Reversal Patterns:
- Bullish Reversal: A recent bounce from 0.680 to 0.720 suggests a potential short-term support level.
- Bearish Reversal: Price rejected 0.740 multiple times, signaling strong supply at that level.
Inside Bars & Doji Bars:
- Several consolidation phases seen around 0.700 - 0.740, showing indecision before continuation lower.

3. Support & Resistance Levels

Major Resistance Levels:
- 0.740 - 0.745: Multiple rejections, acting as a strong supply zone.
- 0.885: Long-term resistance from previous bull spike.
Major Support Levels:
- 0.680: Recent swing low where buyers stepped in.
- 0.655 - 0.660: Strong historical support zone.
- 0.700: Key psychological level where price is currently hovering.

4. Breakout & Pullback Analysis

Breakout Strength:
- Strong bearish breakouts with large red candles and increased volume during downtrends.
- Weak bullish breakouts failing to hold key levels like 0.740.
Pullback Patterns:
- Short-term pullback to 0.720 could indicate a potential test of resistance before further downside.

5. Market Context & Trading Bias

Trending or Ranging?
- Overall downtrend, but currently in a short-term range (0.680 - 0.720).
Trend Shift Signs?
- A higher low above 0.720 and a breakout above 0.740 could suggest trend reversal.
- If price fails to hold above 0.700, expect more downside.
Trader Psychology:
- Bearish control, as seen in failed rallies and strong sell-offs from resistance zones.

6. Supply, Demand & Liquidity Analysis

Supply Zones (Resistance):
- 0.740 - 0.745: Strong selling pressure.
Demand Zones (Support):
- 0.655 - 0.680: Previous buying reaction zone.
Liquidity Traps:
- False breakout above 0.885, trapping late buyers before a major sell-off.

7. Risk Management Strategy (Trade Setup)

Bullish Setup (Reversal Play)
- Entry: Above 0.740 with strong breakout volume.
- Stop-Loss: Below 0.700 to avoid fakeouts.
- Target: 0.765 - 0.885 for a strong upside move.
Bearish Setup (Trend Continuation)
- Entry: Below 0.690 for trend continuation.
- Stop-Loss: Above 0.720 to avoid being trapped in a bounce.
- Target: 0.660 - 0.655 for a lower support test.

Conclusion

Current Trend: Downtrend, but showing short-term consolidation.
Key Levels to Watch: 0.700, 0.720, 0.740, 0.655.
Trading Bias:
- Bearish below 0.700 (trend continuation).
- Bullish above 0.740 (potential reversal).
Next Steps:
- Watch for strong breakout volume at key levels.
- Be cautious of fake breakouts, especially near 0.720 - 0.740.

Friday, March 21, 2025

Food Empire - 21 Mar 2025

Technical Analysis of FOOD EMPIRE (F03.SGX) – Daily Chart

1. Trend Analysis

✅ Current Trend: Uptrend

The stock has broken out of a long consolidation phase and is making higher highs (HH) and higher lows (HL).
Recent Higher Highs: 1.38 (Current), 1.37 (March), 1.33 (April).
Recent Higher Lows: 1.12 (February), 1.08 (May), 0.96 (August).
Bullish Momentum: Strong rally with multiple large green candles, indicating sustained buying pressure.
No significant counter-trend movements, but possible profit-taking in the future.

2. Key Price Action Signals

📌 Strong Trend Bars:

The latest candles show large bullish bars with strong closes, indicating aggressive buying.
A breakout move has occurred from 1.00 to 1.38, confirming strong upside momentum.
Little to no wick on bullish candles → buying pressure remains strong.

📌 Reversal Patterns:

Prior downtrend in 2024 saw a double-bottom formation at 0.95-0.96 (Aug & Dec), followed by a steady rise.
The break of 1.00 psychological resistance in February 2025 was key for the bullish reversal.

📌 Inside Bars & Doji Bars:

Minimal consolidation recently, showing a parabolic move.
A doji may appear soon if buyers hesitate at current levels.

3. Support & Resistance Levels

🔵 Key Support Levels:

1.30-1.32 (Recent breakout level, could act as support)
1.00-1.02 (Psychological support & former resistance)
0.96-0.98 (Historical demand zone from 2024)

🔴 Key Resistance Levels:

1.40-1.44 (Last major resistance from early 2024)
1.47 (Potential target if rally continues)

4. Breakout & Pullback Analysis

📈 Breakout Strength:

The breakout above 1.02 and 1.30 was strong, with high volume and little resistance.
High momentum breakout → implies further upside potential unless a pullback occurs.

📉 Pullback Possibility:

If profit-taking happens, expect a pullback to 1.30 or 1.20 before resuming uptrend.
Look for bullish rejection wicks at support zones for buy-the-dip opportunities.

5. Market Context & Trading Bias

📊 Current Market Condition: Trending Up

The stock has shifted from a long consolidation into a strong bullish breakout.
Traders’ Sentiment: Strong buying, limited selling pressure so far.

💡 Potential Trend Shift Clues:

If a bearish engulfing candle forms near 1.40, it could signal short-term exhaustion.
A break below 1.30 would weaken the bullish bias.

6. Supply & Demand & Liquidity Analysis

🏦 Demand Zones:

1.00-1.02: Strong buying in February 2025.
1.30-1.32: Recent breakout zone, now acting as demand.

🚨 Liquidity Traps:

Late buyers near 1.38-1.40 might face risk if momentum slows.
If sellers push below 1.30, stop-losses may trigger a drop toward 1.20.

7. Risk Management Strategy

📌 Entry Strategy:

Breakout Traders: Consider entries on break above 1.40 with stop-loss at 1.30.
Pullback Buyers: Look for retracement to 1.30 or 1.20 for a better risk/reward trade.

📌 Stop-Loss & Take-Profit:

Stop-Loss: Below 1.30 (breakout support) or 1.20 (stronger support).
Take-Profit: 1.44-1.47 (previous resistance zone).

📌 Risk/Reward Consideration:

Buying near 1.30 offers a 3:1 risk/reward toward 1.47.
Buying near 1.38 is riskier unless momentum continues.

Final Thoughts:

🚀 Bullish Bias

Trend is strong, buyers in control.
Watch 1.40-1.44 as a key resistance zone.
Best entries on pullbacks rather than chasing highs.

⚠️ Warning for Late Buyers:

If price fails to hold 1.30, it could signal exhaustion.
Avoid chasing unless new bullish confirmations appear.

📊 Verdict: Bullish, but expect pullbacks before higher moves.

Thursday, March 20, 2025

Vicom - 20 Mar 2025

Technical Analysis of VICOM LTD (WJP.SGX) – 1D Chart

1. Trend Analysis

Market Trend: The stock is in a ranging market (sideways movement) between SGD 1.27 and 1.46.
Recent Highs/Lows:
- Higher highs: 1.46 (January), 1.41 (April), 1.40 (August).
- Lower highs: 1.36 (May), 1.35 (October), 1.34 (March).
- Lower lows: 1.27 (August), 1.30 (September, February).
Signs of Weakness:
- Price has been fluctuating within a tight range (1.30 - 1.35) in recent months.
- No strong breakout with momentum.
- Small trend bars and overlapping candles suggest indecision.

2. Key Price Action Signals

Strong Trend Bars: No significant bullish or bearish momentum bars.
Reversal Patterns:
- August 2024: Sharp drop to 1.27, then a strong bounce – potential reversal.
- March 2025: Price approaching previous resistance (1.34-1.35), testing it.
Inside & Doji Bars:
- Several small candles around 1.30-1.34, showing market indecision.

3. Support & Resistance Levels

Major Support:
- 1.27 - 1.30: Strong historical support zone.
- 1.32: Previous swing low from December.
Major Resistance:
- 1.34 - 1.35: Currently testing this zone.
- 1.40 - 1.41: Previous swing highs, key breakout level.

4. Breakout & Pullback Analysis

Breakouts:
- No significant breakout yet. A break above 1.35-1.36 with strong volume could push price towards 1.40.
- A breakdown below 1.30 may test 1.27 again.
Pullbacks:
- Short-term range pullbacks near 1.32 - 1.34.
- Low volatility, making trends weak.

5. Market Context & Trading Bias

Trending or Ranging?
- Currently ranging between 1.30 - 1.35.
Potential Trend Shift?
- A breakout above 1.35 could indicate an uptrend towards 1.40.
- A break below 1.30 could push price towards 1.27.
Trader Psychology:
- Indecision in the market (small candles, overlapping bars).
- Investors waiting for a breakout or strong directional movement.

6. Supply, Demand & Liquidity Analysis

Supply/Demand Zones:
- Demand Zone: 1.27 - 1.30 (buyers step in).
- Supply Zone: 1.35 - 1.40 (sellers active).
Volume:
- Relatively stable, with occasional spikes indicating liquidity injections.

7. Risk Management Strategy

Long (Bullish) Plan:
- Entry: Above 1.35 (confirmation of breakout).
- Stop-Loss: Below 1.32.
- Profit Target: 1.40 - 1.41.
Short (Bearish) Plan:
- Entry: Below 1.30.
- Stop-Loss: Above 1.33.
- Profit Target: 1.27.

Conclusion

Current Status: VICOM LTD is in a sideways range (1.30 - 1.35).
Key Levels: 1.27 (support), 1.35 (resistance), 1.40 (breakout target).
Breakout Watch: Wait for price action confirmation above 1.35 for a bullish move or below 1.30 for a bearish move.

Pacific Century - 20 Mar 2025

Stock Analysis for Pacific Century (P15) - SGX (1D Timeframe)

1. Trend Analysis

Current Trend: Uptrend
Higher Highs & Higher Lows:
- Recent higher highs: 0.405 (March 2025)
- Recent higher lows: 0.320 (February 2025)
Trend Strength:
- The stock has been making consistent higher highs and higher lows since mid-2024.
- The upward momentum increased in early 2025, with a strong push from 0.325 to 0.405.
- Some consolidation phases occurred at 0.340 & 0.315, but buyers maintained control.
- No major signs of trend weakening yet, though smaller bars at the top may indicate slowing momentum.

2. Key Price Action Signals

Strong Trend Bars:
- The recent breakout from 0.340 to 0.400+ had strong bullish momentum.
- Increasing volume during the breakout suggests strong buyer interest.
Reversal Patterns:
- No clear reversal signals yet, but if price struggles above 0.400, a pullback could happen.
Inside Bars & Doji Bars:
- Some consolidation near 0.340 and 0.315, indicating previous hesitation before the breakout.
- A doji or rejection at 0.405 could signal a short-term pullback.

3. Support & Resistance Levels

Support Levels:
- 0.340 – Previous resistance turned support.
- 0.315 – Last major swing low before the breakout.
Resistance Levels:
- 0.405 – Current high; rejection here could lead to a minor retracement.
- 0.450 (Potential) – Next possible target if the breakout holds.

4. Breakout & Pullback Analysis

Breakout Strength:
- The move above 0.340 was strong, backed by high volume.
- Closing above 0.400 suggests buyers are still in control.
Pullback Potential:
- If a pullback occurs, look for buying opportunities around 0.380 or 0.350 (previous support zones).
- A breakdown below 0.340 would weaken the bullish trend.

5. Market Context & Trading Bias

Market Status: Strong uptrend, but near a key resistance level.
Trader Psychology:
- FOMO buying likely pushing the stock higher.
- A minor retracement may trigger profit-taking.

6. Supply, Demand & Liquidity Analysis

Supply Zones: 0.405+ (sellers may emerge here)
Demand Zones: 0.350 - 0.340 (buyers likely to step in)
Volume Analysis:
- Increasing volume supports the breakout, but needs follow-through to sustain further highs.

7. Risk Management Strategy

Entry:
- Breakout traders: Buy if price closes strongly above 0.405 with volume confirmation.
- Pullback traders: Wait for a dip to 0.350 - 0.380 for a lower-risk entry.
Stop-Loss:
- Below 0.340 (last major support).
Profit Targets:
- Short-term: 0.420 - 0.450
- Long-term: If momentum continues, possible target at 0.500

Conclusion:

Pacific Century (P15) is in a strong uptrend but faces resistance at 0.405. A breakout above this level could trigger further upside, while a pullback to support zones would provide better risk-reward for new entries. Watching price action at resistance and volume confirmation is key.

Wednesday, March 19, 2025

UOI - 19 Mar 2025

Stock Analysis: UOI (U13) – SGX (Daily Chart)

1. Trend Analysis

Current Trend: Uptrend
Higher Highs & Higher Lows:
- Higher highs at 7.50, 7.28, 7.30, 7.60
- Higher lows at 6.98, 7.02, 7.06
Trend Strength:
- Strong bullish move since mid-2024, with a sharp breakout around June-July 2024
- Price consolidating after breakout but continuing higher

2. Key Price Action Signals

Strong Trend Bars:
- Large bullish candle in June 2024, initiating the uptrend
- Another breakout candle in March 2025, pushing price past 7.50
Reversal Patterns:
- No significant bearish reversal patterns
- Small consolidation between July - Nov 2024 before another leg up
Inside Bars & Doji Bars:
- Minor consolidation near 7.00 - 7.30 with small doji bars indicating indecision before breakout

3. Support & Resistance Levels

Support Levels:
- 6.98 - 7.03: Previous consolidation zone, acting as new support
- 6.29 - 6.70: Older support before major breakout
Resistance Levels:
- 7.50 - 7.60: Testing new highs

4. Breakout & Pullback Analysis

Breakout Strength:
- Strong breakout above 7.50
- Good follow-through with rising volume
Pullback Analysis:
- Pullbacks have been shallow, showing strong bullish momentum
- Recent dip to 7.42 could act as a minor pullback before continuation

5. Market Context & Trading Bias

Current Market Structure: Strong uptrend
Potential Trend Shift? No major bearish signals, uptrend intact
Trader Sentiment:
- Bullish momentum dominant
- Price action suggests breakout traders and momentum buyers are active

6. Supply & Demand & Liquidity Analysis

Demand Zones: 6.98 - 7.03 (previous resistance turned support)
Supply Zones: 7.50 - 7.60 (new high, potential profit-taking area)
Liquidity Analysis:
- Increasing volume during breakouts supports bullish bias
- No significant signs of exhaustion

7. Risk Management Strategy

Entry: Buy on pullback near 7.42 - 7.50 (if bullish continuation)
Stop-Loss: Below 7.00 (previous swing low)
Profit Target:
- First target 7.60 - 7.70 (short-term breakout)
- Extended target 7.80 - 8.00 (if trend continues)

Conclusion:

Bullish bias remains strong.
Watch for continuation above 7.60 or a pullback for a better entry.
No signs of major reversal yet.

Sing Inv & Fin - 19 Mar 2025

Stock Analysis: SING INV & FIN (SGX: S35) – 1D Chart Breakdown

1. Trend Analysis

Current Trend: The stock is in an uptrend.
Higher Highs & Higher Lows:
- The price has consistently made higher lows (HL) and higher highs (HH) since mid-2024.
- Recent highs: 1.07, 1.08, 1.10, and 1.14.
- Recent lows: 1.01, 1.04, 1.07.
Trend Weakening?
- The trend remains intact with no major reversal signals.
- However, some smaller-bodied candles near the recent high (1.14) indicate possible resistance.

2. Key Price Action Signals

Strong Trend Bars:
- The breakout past 1.10 and 1.14 had strong bullish momentum.
Reversal Patterns:
- No clear engulfing or pin bar reversals.
- Some long wicks at 1.14 indicate sellers stepping in.
Inside Bars & Doji Candles:
- Minor consolidation periods are observed, but no major indecision at key levels.

3. Support & Resistance Levels

Support:
- 1.08 (Previous breakout level).
- 1.04 (Recent higher low).
- 1.01 (Major support level from past price action).
Resistance:
- 1.14 (Current highest price, acting as resistance).

4. Breakout & Pullback Analysis

Breakout Strength:
- The breakout past 1.10 was strong.
- Recent candles suggest profit-taking near 1.14.
Pullbacks:
- Price has pulled back slightly but remains above key support (1.08).

5. Market Context & Trading Bias

Current Trend: Bullish.
Potential Trend Shift?
- If the stock fails to break above 1.14, a pullback to 1.08-1.10 is likely.
Trader Psychology:
- Bullish sentiment dominates, but profit-taking pressure near highs.

6. Supply, Demand & Liquidity Analysis

Demand Zones: 1.08 & 1.04 (Buying interest observed).
Supply Zones: 1.14 (Sellers stepping in).
Liquidity Analysis:
- Recent high volume near highs suggests strong interest but potential exhaustion.

7. Risk Management Strategy

Entry: Consider buying if price pulls back to 1.08-1.10.
Stop-Loss: Below 1.04 to protect against trend reversal.
Take-Profit Targets:
- First TP: 1.14 (recent high).
- Second TP: 1.20+ if breakout sustains.

Conclusion:

Bullish bias remains strong.
Watch for a break above 1.14 or pullback to 1.08 for better entries.
If 1.04 breaks down, reconsider long positions.

Tuesday, March 18, 2025

LHN - 18 Mar 2025

Technical Analysis of LHN (41O) on SGX – Daily Chart (1D)

1. Trend Analysis

✅ Trend Type: Uptrend (with recent pullback)

Uptrend Confirmed: Higher highs and higher lows from November 2024 to January 2025.
Recent Weakness: Price pulled back from 0.550 to 0.445, forming a lower low.
Potential Rebound: Currently bouncing back to 0.485 after testing support.
Trend Weakness Signs:
- Price rejected from 0.550 twice (double top formation).
- Increased volatility in February–March, signaling uncertainty.

2. Key Price Action Signals

📉 Bearish Rejection & Trend Bar Analysis

Strong Bullish Move (Nov–Jan 2025): Large green bars, minimal pullbacks.
Rejection from 0.550: Price attempted to break but faced selling pressure.
Recent Bearish Reversal:
- Price fell from 0.550 → 0.445 (Strong bearish move).
- Buyers stepped in at 0.445, forming support.
Current Bounce: 0.445 to 0.485 suggests demand at lower levels.

📍 Reversal Patterns

Pin Bar at 0.445: Rejection wick indicates buying interest.
Engulfing Bullish Bar: At 0.485, showing buyers regaining control.

📊 Consolidation & Inside Bars

Sideways movement in mid-2024: 0.310 – 0.345 range.
Breakout from 0.370 in Nov 2024: Initiated the uptrend.

3. Support & Resistance Levels

📌 Major Support Zones:

0.445: Strong recent support (March 2025).
0.370 – 0.400: Previous breakout level from Nov 2024.

📌 Major Resistance Zones:

0.485: Current level, acting as minor resistance.
0.535 – 0.550: Key resistance (double top formation).
0.560: Strongest resistance (last peak before pullback).

📊 Key Observations:

If price breaks 0.485 with strength, it may target 0.535 – 0.550.
Failure to break above may lead to retest of 0.445.

4. Breakout & Pullback Analysis

📈 Breakout Strength:

Break above 0.370 in Nov 2024 was strong (high volume).
Break above 0.485 will determine if the uptrend continues.

📉 Pullback Analysis:

Current retracement to 0.445 aligns with prior support zones.
If price holds above 0.445, the trend may continue up.

🚀 Bullish Scenario:

Strong breakout above 0.485 → Potential rally to 0.535 – 0.550.

⚠️ Bearish Scenario:

Rejection at 0.485 → Possible retest of 0.445.

5. Market Context & Trading Bias

✅ Current Market Phase: Transitioning from correction to possible rebound.

Recent pullback suggests uncertainty, but demand appears near 0.445.
Trader Psychology: Buyers regaining confidence after panic selling in Feb.

📌 Trading Bias:

Bullish above 0.485 (confirmation needed).
Bearish if 0.445 breaks (further downside risk).

6. Supply & Demand & Liquidity Analysis

📊 Volume Insights:

Increased volume during price drops = sellers exiting.
Volume increase at 0.445 = possible demand zone.

🛑 Liquidity Zones:

0.445 – 0.485: High liquidity (buyers absorbing selling pressure).
Above 0.535: Low liquidity, potential breakout.

7. Risk Management Strategy

💰 Trade Setup: Pullback Buy & Breakout Play

📌 Bullish Trade Plan:

Entry: Above 0.485 (confirmation with strong bullish close).
Stop Loss: Below 0.470 (previous candle low).
Target 1: 0.535
Target 2: 0.550

📌 Bearish Trade Plan:

Entry: If rejection at 0.485, short below 0.470.
Stop Loss: Above 0.490.
Target: 0.445, then 0.400.

Final Summary

✅ Overall Bias: Neutral-Bullish (Break above 0.485 needed for confirmation).
⚠️ Risk Factors: Failure to break 0.485 may lead to more downside.
🎯 Key Levels:

Bullish Above: 0.485 (Targets 0.535 – 0.550)
Bearish Below: 0.470 (Targets 0.445 – 0.400)

📈 Watch for Breakout Confirmation!