UOB (U11, SGX) — 1D (Daily)
Date shown: Fri 06 Feb 2026
Last traded price: ~38.50
Recent high spike: ~39.50
Visible major swing low: ~33.25
1) Current Market Regime (MOST IMPORTANT)
Trending → Transition (post-breakout digestion)
UOB is in a strong uptrend, but the most recent price action is a post-displacement consolidation (tight range after a vertical mark-up).
This is the classic “impulse → pause” structure.
2) Macro Structure (Swing Highs / Swing Lows)
Key structural sequence:
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Long base / range around 33.25–35.00
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Gradual uptrend into early 2026
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Explosive breakout from ~36.8–37.0 area
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Vertical run into 39.50
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Now consolidating around 38.0–39.0
Structure bias:
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Higher highs + higher lows still intact
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No major CHoCH yet (no breakdown of meaningful swing low)
3) Highest-Conviction Observations (3–5)
(1) Clear institutional displacement move
That huge green breakout candle (from ~37+ to near 39+) is a professional mark-up bar:
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Wide range
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Strong close
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Massive volume expansion
This is not retail-driven.
(2) The spike to ~39.50 looks like a liquidity sweep
The wick into ~39.50 followed by pullback suggests:
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Stops triggered above obvious highs
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Profit-taking + short-term distribution at the top
But importantly:
Price did NOT collapse. It held.
That’s bullish.
(3) Post-breakout consolidation is tight = supply not aggressive
After a true distribution event, you’d expect:
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wide red bars
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heavy volume
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breakdown through 38 quickly
Instead you got:
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relatively tight candles
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choppy sideways behavior
This looks more like absorption + digestion, not dumping.
(4) Prior resistance likely flipped into support (~37.0 area)
The breakout zone around 36.8–37.2 is now a major “line in the sand”.
If price revisits it on lighter volume and holds, that’s a high-quality retest entry area.
(5) Volume cluster confirms “decision point”
The biggest volume of the entire chart appears during the breakout + spike region.
That usually marks:
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a new institutional cost basis
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a zone where future defense occurs
4) Key Levels (Actionable)
Immediate Resistance
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39.50 = spike high / liquidity sweep high
A clean close above this is a continuation trigger.
Current Pivot / Mid-zone
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38.50 = current price / balance zone
Market is deciding if it accepts above 38.5.
Immediate Support
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38.00 = consolidation floor
A break below with strong volume would be first weakness signal.
Major Support (Breakout Retest Zone)
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36.80 – 37.20 = prior breakout area
This is the “institutional retest” zone.
Macro Support
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35.00 psychological + prior structure
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33.25 major low (trend invalidation zone)
5) Institutional Footprints (SMC / Wyckoff)
SMC interpretation:
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Displacement: yes (breakout bar)
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FVG: highly likely between ~37.5 to ~38.2 region (inefficient jump zone)
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Liquidity grab: yes at ~39.50
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Order block: last red candle before the breakout (around ~36.5–37)
Wyckoff lens:
This looks like:
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Re-accumulation / mark-up continuation
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Not distribution (because there’s no breakdown after climactic volume)
6) Risk-Adjusted Setup Map (R:R focused)
Setup A — Breakout continuation (aggressive)
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Trigger: Daily close above 39.50
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Stop: Below ~38.80 or below breakout bar low (depending on risk tolerance)
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Target: Psychological extension zones (40+)
Risk: breakout could fail if it’s a blow-off top.
Setup B — Retest entry (higher quality)
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Entry zone: 36.8–37.2
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Confirmation: low volume test + bullish reversal bar
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Stop: below ~36.5 or below the retest swing low
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Target: retest of 39.50, then extension
This is the “smart money” style entry.
Setup C — Breakdown warning (avoid / reduce)
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Signal: strong bearish bar closing below 38.0 with volume expansion
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This suggests the consolidation is not absorption, but distribution.
7) Forward Bias + What to Watch Next
Bias: Bullish continuation (until proven otherwise)
Bull case:
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Holds 38.0
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Builds a tight base
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Breaks 39.50 cleanly
Bear case:
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Breaks 38.0 hard
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Retests 38.0 and fails (classic breakdown retest)
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Slides into 37.0 FVG / retest zone
Final Summary (Professional Take)
UOB printed a high-confidence institutional mark-up and is now in post-breakout consolidation. The spike into 39.50 looks like a liquidity sweep, but the lack of follow-through selling suggests absorption, not distribution.
Key levels that matter:
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39.50 (breakout continuation trigger)
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38.00 (must-hold for bullish structure)
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36.80–37.20 (highest-quality retest zone)
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.
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