Old Chang Kee - 28 Feb 2025

Stock Analysis for Old Chang Kee (SGX) – 1D Timeframe

1. Trend Analysis:

• Overall Trend: The stock is in an uptrend, characterized by a sequence of higher highs (HH) and higher lows (HL).
• Recent Highs & Lows:
  • Higher highs: 0.785 → 0.825 (recent breakout attempt)
  • Higher lows: 0.715 → 0.765 → 0.785
• Trend Strength:
  • There is steady price movement upwards with increasing momentum.
  • The trend is not weakening yet, but some bars show overlapping candles, which may indicate slight consolidation or indecision.

2. Key Price Action Signals:

• Strong Trend Bars:
  • A few large bullish bars have broken through previous resistance levels, indicating buyer strength.
  • Some bars have longer wicks, suggesting profit-taking or selling pressure at higher prices.
• Reversal Bars:
  • A slight retracement occurred near 0.785 but was followed by strong demand, keeping the uptrend intact.
  • No clear bearish engulfing candles or strong pin bars signaling a major reversal.
• Inside Bars & Doji Candles:
  • Some inside bars suggest consolidation, especially near 0.785–0.810.
  • A doji near recent resistance (0.825) could indicate hesitation before a potential breakout or reversal.

3. Support & Resistance Levels:

• Major Support Levels:
  • 0.765 (previous resistance turned support)
  • 0.715 (recent swing low)
• Major Resistance Levels:
  • 0.825 (key resistance level where price is struggling to break above)
  • A confirmed breakout above 0.825 could open room for further upside potential.

4. Breakout & Pullback Analysis:

• Breakout Strength:
  • The breakout attempt towards 0.825 shows strong buying pressure.
  • However, rejection or hesitation at this level may indicate resistance selling.
• Pullback Structure:
  • Recent pullbacks have been mild and well-supported, suggesting healthy trend continuation.
  • No significant bearish signals have been observed, only normal retracements within the uptrend.

5. Market Context & Trading Bias:

• Current Market Phase: Trending Up with minor consolidations.
• Potential Trend Change?
  • No major bearish signals yet, but price struggling at 0.825 could mean short-term consolidation before a decisive move.
• Trader Sentiment:
  • Bullish bias but cautious, as profit-taking near resistance is evident.
  • If buyers push above 0.825, expect further gains.
  • If price rejects strongly from 0.825, expect a retracement to 0.765 or lower.

Conclusion:

• The uptrend remains intact with resistance at 0.825.
• Breakout potential: Watch for a strong close above 0.825 for confirmation.
• Risk: A failure to break higher could cause a pullback towards 0.765 before resuming the uptrend.

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:  2.50%

Q&M Dental - 27 Feb 2025

Q&M Dental (QC7) on the 1D timeframe:

1. Trend Analysis

• Overall Trend: The stock has been in a broad trading range since mid-2023, with price oscillating between ~0.220 SGD (support) and ~0.320 SGD (resistance).
• Recent Structure:
  • A downtrend was observed from October 2023 to November 2023, with lower highs and lower lows.
  • Price bottomed out around 0.220 in late 2023, forming a double bottom.
  • From March 2024 onward, price has been gradually making higher lows (~0.225, ~0.235, ~0.245, ~0.270), indicating a shift towards an uptrend.
  • The most recent higher high was 0.320 (January 2025), but price has since retraced.
  • Currently, price is bouncing off support (~0.275) and making another push towards resistance (~0.295-0.310).
• Trend Weakening?
  • The trend is not very strong, as seen by small trend bars and overlapping candles.
  • Momentum appears mixed, with strong bullish breakouts being followed by quick retracements.

2. Key Price Action Signals

• Strong Trend Bars & Follow-Through:
  • July 2024 & Jan 2025: Strong bullish bars showed sharp upward movement, breaking previous highs.
  • However, after 0.320 (Jan 2025), sellers rejected the move, leading to consolidation.
• Reversal Bars:
  • The recent high 0.320 (Jan 2025) formed a bearish reversal, suggesting seller dominance at that level.
  • Multiple bullish rejection wicks around 0.275-0.280 suggest strong demand at this area.
• Inside Bars & Breakouts:
  • Several inside bars in August, October, and November 2024, indicating consolidation.
  • Recent price action shows a breakout attempt above 0.290.
• Doji Bars:
  • There are some dojis near support (~0.275), suggesting indecision but also possible accumulation.

3. Support & Resistance Levels

• Major Support Levels:
  • 0.220 (Long-term support, double bottom)
  • 0.235-0.245 (Intermediate support)
  • 0.275 (Recent support and bounce level)
• Major Resistance Levels:
  • 0.295-0.310 (Recent swing highs)
  • 0.320 (Major resistance – previous high before rejection)
  • 0.265 (Previous support, now potential resistance)

4. Breakout & Pullback Analysis

• Breakouts:
  • Strong breakout in July 2024 and January 2025, but both faced immediate rejections.
  • Recent breakout above 0.290 seems weak, as price stalled.
• Pullbacks:
  • Price pulled back multiple times to 0.275, confirming it as a strong demand zone.
  • If price fails to hold 0.275, we may see another retest of 0.265 or 0.245.

5. Market Context & Trading Bias

• Current Trend:
  • Market is currently ranging but leaning bullish as long as price holds above 0.275.
• Potential Trend Change?
  • If price breaks above 0.295-0.310 with strong volume, it could signal a trend continuation.
  • A break below 0.275 could indicate sellers gaining control, leading to lower prices.
• Trader Psychology:
  • Buyers are stepping in at key support levels (~0.275), suggesting accumulation.
  • The rejection at 0.320 suggests sellers are still strong, meaning a breakout needs conviction.
  • Current indecision suggests waiting for a strong move before taking directional trades.

Conclusion & Trade Outlook

• Bullish case: If price holds above 0.275 and breaks 0.310, it could target 0.320 and beyond.
• Bearish case: If price rejects 0.295 and drops below 0.275, expect a move back to 0.265 or lower.
• Best approach: Wait for breakout confirmation or buy dips near 0.275 with a stop below 0.265.

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:  3.21%

PropNex - 26 Feb 2025

PropNex (OYY, SGX), 1D timeframe:

1. Trend Analysis:

• Current Trend: The stock was in a downtrend from mid-2023 until late 2023, where it bottomed around 0.76 SGD. Since then, it has been in a strong uptrend, making a series of higher highs and higher lows.
• Recent Higher Highs & Lows:
  • Higher highs: 1.10, 1.15
  • Higher lows: 0.79, 0.83, 0.89, 0.97, 1.08
• Trend Strength:
  • The steep rally from 0.76 to 1.15 indicates strong bullish momentum.
  • However, recent price action shows some overlapping bars near 1.15, which could suggest trend exhaustion or consolidation.

2. Key Price Action Signals:

• Strong Trend Bars:
  • The move from 0.80 to 1.15 had multiple large bullish trend bars with strong closes, indicating aggressive buying.
  • Most strong bars had follow-through, confirming bullish dominance.
• Reversal Bars:
  • The spike to 1.25 (May 2023) followed by a sharp sell-off suggests that 1.25 is a strong resistance.
  • Bearish engulfing bars appear near 1.10 and 1.15, hinting at potential selling pressure.
• Inside Bars:
  • Several inside bars appear around 0.95 and 1.08, indicating brief consolidations before breakout.
• Doji Bars Context:
  • Doji near 1.08 (earlier in the trend) acted as a continuation pattern.
  • A recent doji near 1.15 might signal indecision or trend reversal.

3. Support & Resistance Levels:

• Major Support:
  • 0.76 (recent bottom)
  • 0.85-0.89 (prior resistance turned support)
  • 0.97-1.00 (psychological level)
• Major Resistance:
  • 1.10-1.15 (current resistance)
  • 1.25 (historical resistance, last major sell-off zone)

4. Breakout & Pullback Analysis:

• Breakouts:
  • The break above 0.97 was strong, followed by a rally to 1.15.
  • However, the breakout near 1.15 lacks strong momentum, showing wicks and smaller bars, suggesting potential failure.
• Pullbacks:
  • Shallow pullbacks at 0.97 and 1.08 suggest strong demand.
  • A deeper pullback to 1.00 or 0.97 would be healthier before the next move.

5. Market Context & Trading Bias:

• Current Market State:
  • The stock is in an uptrend but nearing resistance.
  • Signs of trend exhaustion at 1.15 could indicate profit-taking or consolidation.
• Trader Psychology:
  • Early buyers (below 0.80) are sitting on profits.
  • New buyers at 1.15 face risk if the breakout fails.
  • If the stock breaks 1.15 with strong volume, expect continuation toward 1.25.
  • If it rejects 1.15 and breaks 1.08, a deeper pullback to 1.00 or lower is likely.

Conclusion & Possible Trade Scenarios:

1. Bullish Case: A strong breakout above 1.15 with volume → Expect 1.20-1.25 as the next resistance.
2. Bearish Case: A rejection at 1.15, followed by a drop below 1.08 → Look for a retracement to 1.00 or 0.97 before re-entry.
3. Neutral/Range-Bound: If price chops between 1.08 and 1.15, the market is waiting for a catalyst.

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:   5.26%

Boustead SP - 26 Feb 2025

Price Action Analysis: Boustead (SGX: F9D) – 1D Timeframe

1. Trend Analysis:

• Overall Trend: The stock has transitioned from a downtrend (2022-early 2023) to an uptrend (mid-2023 to 2024), followed by a range-bound movement in recent months.
• Higher Highs & Higher Lows:
  • The uptrend began around March 2023 with higher lows at 0.80, 0.81, 0.82 and continued making higher highs at 0.85, 0.88, 0.97, and 1.05.
  • The stock peaked at 1.05 (Aug 2024), tested again in Oct 2024, but has since been in a sideways consolidation.
• Signs of Weakening:
  • Recent price action (Jan-Feb 2025) shows overlapping bars and small-bodied candles, suggesting declining momentum.
  • Failed breakouts above 1.05, indicating resistance strength.
  • Higher lows remain intact (1.00 support), but the market is struggling to push higher.

2. Key Price Action Signals:

• Strong Trend Bars:
  • March-July 2024: Multiple strong bullish bars with follow-through confirm the uptrend.
  • May 2024 Pullback to 0.93 had a strong bounce, indicating buyer interest.
• Reversal Signals:
  • Two failures at 1.05 (Aug & Oct 2024) suggest resistance.
  • Doji bars near 1.00 in recent months indicate indecision rather than a clear trend.
• Inside Bars & Consolidation:
  • Several inside bars between 1.00 and 1.04 suggest accumulation or distribution.
  • The current market structure suggests a tight trading range rather than breakout strength.

3. Support & Resistance Levels:

• Support:
  • 1.00 (Major psychological level) – Tested multiple times.
  • 0.98, 0.95 (Previous pullback lows) – May act as secondary supports.
• Resistance:
  • 1.05 (Strong rejection level) – Twice rejected.
  • 1.04 (Intermediate resistance zone).

4. Breakout & Pullback Analysis:

• Breakouts:
  • Failed breakout above 1.05 (Oct 2024) → Indicates exhaustion.
  • Recent moves lack strong momentum (smaller bars, dojis).
• Pullbacks:
  • The 0.95–1.00 zone has consistently provided a base for buyers.
  • However, failure to push higher suggests possible break below 1.00 if selling pressure increases.

5. Market Context & Trading Bias:

• Current State: Ranging
  • Uptrend momentum faded post-1.05 rejection.
  • Consolidation between 1.00 and 1.04, awaiting a breakout.
• Potential Scenarios:
  • Bullish: A breakout above 1.05 with strong volume could trigger another leg up.
  • Bearish: A close below 1.00 may signal a deeper retracement.
• Trader Psychology:
  • Indecision and reduced momentum suggest traders are waiting for catalysts.
  • Fear of downside risk below 1.00, but buyers are still defending key levels.

Conclusion:

• Short-term: Neutral-bearish bias (unless price breaks 1.05).
• Watch for:
  • Breakout above 1.05 (bullish confirmation).
  • Breakdown below 1.00 (bearish shift).
• Current Range: 1.00 - 1.04 – Ideal for range trading strategies.

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:   5.39%

SBS Transit - 25 Feb 2025

SBS Transit (S61) on the SGX, Daily Timeframe (1D):

1. Trend Analysis:

• Overall Trend: The stock has been in a downtrend since mid-2023, with a series of lower highs and lower lows.
• Recent Lower Highs & Lower Lows:
  • Lower highs: 2.65 → 2.63 → 2.64 → 2.62 → 2.56 → 2.55 → 2.52 → 2.48 → 2.50 → 2.46 → 2.45
  • Lower lows: 2.53 → 2.51 → 2.46 → 2.50 → 2.39 → 2.38 → 2.41
• Signs of Weakening Trend:
  • The recent price action is sideways between 2.38 and 2.45, showing overlapping candles and reduced volatility.
  • Trend bars are smaller, and momentum is fading, suggesting a possible transition to consolidation or trend reversal.

2. Key Price Action Signals:

• Strong Trend Bars & Follow-Through:
  • Strong bearish bars in early August, September, and October 2024 had follow-through, confirming a downtrend.
  • Recently, bullish bars have failed to gain momentum above resistance.
• Reversal Bars:
  • A bullish pin bar near 2.38 in December 2024 led to a temporary bounce but lacked follow-through.
  • Engulfing bearish bar in May 2024 at 2.64, followed by strong selling, confirmed the downtrend.
• Inside Bars & Consolidation:
  • October to February 2025 shows multiple inside bars, signaling range-bound trading.
• Doji Bars & Indecision:
  • Several dojis around 2.40 – 2.45 indicate indecision and lack of commitment from buyers/sellers.

3. Support & Resistance Levels:

• Major Resistance:
  • 2.50 – Former support turned resistance.
  • 2.55 – 2.65 – Previous swing highs.
• Major Support:
  • 2.38 – 2.39 – Recent double-bottom area.
  • 2.30 (Potential support) – If 2.38 breaks, this could be tested next.

4. Breakout & Pullback Analysis:

• Breakout Strength:
  • Weak breakouts with long wicks near 2.45 and 2.50 suggest a lack of conviction.
• Pullback Patterns:
  • Trend pullbacks have been deeper in recent months, showing weaker bearish momentum.
  • Potential bear flag forming near 2.41 – 2.45, indicating a possible continuation lower.

5. Market Context & Trading Bias:

• Current Phase:
  • The stock is ranging between 2.38 – 2.45, with no clear breakout yet.
• Potential Trend Change?
  • If 2.38 holds, buyers may attempt a breakout above 2.45.
  • A breakdown below 2.38 could accelerate selling towards 2.30.
• Trader Psychology:
  • Indecision and lack of strong trend bars show that traders are waiting for a clear direction.
  • Fear dominates after a prolonged downtrend, with bulls hesitant to push higher.

Conclusion:

• The market is in a range-bound phase after a downtrend.
• Watch for a breakout above 2.45 (bullish) or breakdown below 2.38 (bearish).
• Volume confirmation will be key in determining the next strong move.

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:   4.63%

UOL - 24 Feb 2025

Stock Details:

• Stock Name: UOL Group Limited
• Stock Code: U14
• Timeframe: Daily (1D)

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1. Trend Analysis:

• Overall Trend: The stock has been in a clear downtrend from mid-2023, forming lower highs and lower lows.
• Recent Price Action:
  • The most recent lower high was around 5.72 (Oct 2024), and the most recent lower low was 5.01 (Jan 2025).
  • However, price has found support around the 5.00 – 5.10 zone, suggesting potential bottoming.
  • The most recent price action shows a bullish bounce to 5.39 (+5.89%), which may indicate early signs of accumulation or a pullback in the downtrend.
• Trend Weakening?
  • The downward momentum slowed down after November 2024, with price consolidating between 5.00 – 5.50.
  • The bars are getting smaller, showing indecision and potential accumulation.

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2. Key Price Action Signals:

• Strong Trend Bars:
  • There was a large bearish trend bar in March 2024, breaking support at 5.49 with a sharp move down.
  • The recent bullish bar on Feb 24, 2025, is strong, closing near its high, suggesting buyers stepping in.
• Reversal Bars:
  • 5.01 (Jan 2025) shows a bullish rejection wick, suggesting demand at this level.
  • Pin bars near 5.10 indicate repeated rejection of lower prices.
• Inside Bars & Doji Signals:
  • Multiple inside bars and small-bodied candles around 5.08 – 5.34 indicate consolidation and potential breakout.
  • The doji candles suggest indecision, but the latest breakout is bullish.

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3. Support & Resistance Levels:

• Major Support:
  • 5.00 – 5.10 (Tested multiple times, recent bounce).
  • 5.07 – 5.08 (Past swing low area).
• Major Resistance:
  • 5.49 – 5.50 (Past breakdown level, potential resistance).
  • 5.72 (Lower high in October 2024, major resistance zone).
  • 6.00 and above (Psychological level, if trend reversal occurs).

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4. Breakout & Pullback Analysis:

• Breakouts:
  • The recent move from 5.10 to 5.39 is a breakout from consolidation, indicating possible short-term bullish sentiment.
  • However, for confirmation, price needs to break above 5.50 with strong volume.
• Pullbacks:
  • Recent pullbacks to 5.01 – 5.08 held well, suggesting buyers accumulating.

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5. Market Context & Trading Bias:

• Current Market Phase: Transitioning from a downtrend to a potential range or reversal.
• Trend Change Clues:
  • Support at 5.00 is holding well.
  • Recent strong green bar (5.39 close) suggests buyers stepping in.
  • Need confirmation with a higher low and a break above 5.50 for a trend change.
• Trader Psychology:
  • Fear dominated in 2023 and early 2024 (consistent downtrend).
  • Current price action suggests greed and short-covering starting to emerge.
  • If price breaks 5.50, more traders will flip bullish.

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Final Thoughts:

• Short-term Bias: Bullish if price holds above 5.10 and breaks 5.50.
• Long-term Bias: Needs a confirmed higher high and higher low to signal a true trend reversal.
• Key Trade Setup:
  • Bullish: Break above 5.50 → Target 5.72 / 6.00.
  • Bearish: Rejection at 5.50, break below 5.00 → Target 4.80.

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:   2.95%

Wilmar - 24 Feb 2025

Wilmar International (SGX: F34)

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1. Trend Analysis

• Current Market Trend: The stock appears to be in a long-term downtrend, with lower highs and lower lows forming over time. However, in recent months, the price has entered a consolidation phase with signs of a potential base forming.
• Higher Highs & Lows:
  • Lower highs: 3.72 → 3.60 → 3.55 → 3.47
  • Lower lows: 3.41 → 3.07 → 3.00 → 2.99
• Trend Weakening Signs:
  • Overlapping bars in multiple zones indicate indecision.
  • Counter-trend rallies have lacked strong follow-through, suggesting sellers remain in control.

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2. Key Price Action Signals

• Strong Trend Bars & Follow-Through:
  • Large bearish trend bars appear around May and November, showing strong selling momentum.
  • Some strong bullish trend bars in recent months suggest buyers attempting to absorb selling pressure.
• Reversal Signals:
  • Pin bar near 3.00 (August) suggests a strong rejection of lower prices.
  • Engulfing bar near 3.47 (October) showed a temporary bullish breakout but failed.
• Inside Bars & Consolidation:
  • Several inside bars (e.g., near 3.19 - 3.20) indicate consolidation before a breakout.
• Doji Bars & Market Sentiment:
  • Found around 3.12 and 3.15, suggesting indecision and potential trend change.

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3. Support & Resistance Levels

• Major Resistance Levels:
  • 3.55 (last swing high before strong drop).
  • 3.47 - 3.50 (previous supply zone).
• Major Support Levels:
  • 3.00 - 3.07 (strong buying zone where price bounced multiple times).
  • 2.99 - 3.01 (psychological support, tested but held).
• Reaction at Swing Points:
  • Price bounced from 3.00 twice, indicating strong demand.
  • Recent rejection near 3.47 confirms that sellers are defending that level.

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4. Breakout & Pullback Analysis

• Breakouts:
  • Recent breakout above 3.15-3.20 attempted to push higher but lacked strong follow-through.
  • Previous breakout attempt near 3.47 failed, signaling potential range-bound movement.
• Pullbacks:
  • The downtrend shows multiple lower high pullbacks, confirming a controlled sell-off.
  • Recent pullback from 3.47 to 3.15 suggests a retest of support before the next move.

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5. Market Context & Trading Bias

• Current Phase:
  • The stock is transitioning from a downtrend to consolidation, with possible signs of accumulation.
• Potential Trend Change Signals:
  • Repeated support at 3.00 suggests a possible bottom formation.
  • A higher low formation above 3.07 would confirm an early uptrend attempt.
• Trader Psychology:
  • Fear: The previous sharp sell-offs indicate strong bearish sentiment.
  • Greed: Bulls are trying to step in near key support levels but lack conviction.
  • Indecision: Multiple doji bars and overlapping price action suggest hesitation in both directions.

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Conclusion & Trading Outlook

• If price holds above 3.15 and forms a higher low, it could attempt to break resistance at 3.47.
• A strong break below 3.00 would signal a continuation of the downtrend toward new lows.
• Wait for confirmation with strong volume before entering a trade.

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:   5.52%

Dow Jones - 21 Feb 2025

Dow Jones Industrial Average Index (DJI) 

1. Trend Analysis:

• Overall Trend: The chart shows a clear uptrend from October 2023 to February 2025, characterized by higher highs and higher lows.
• Higher Highs and Higher Lows:
  • Higher lows: 32846.94 → 34147.63 → 37122.95 → 38039.86 → 37611.56 → 38499.27 → 39993.07 → 41647.30
  • Higher highs: 39282.28 → 39889.05 → 40077.40 → 41376.00 → 43325.09 → 45073.63 → 45054.36
• Trend Weakening Signs:
  • The latest price action shows a decline from 45054.36 to 43,428.02, suggesting possible distribution.
  • Bars are overlapping with increased wicks, indicating uncertainty.
  • Price struggled to hold above 45,000, hinting at exhaustion.

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2. Key Price Action Signals:

• Strong Trend Bars:
  • There are multiple strong bullish trend bars between Oct 2023 – Dec 2023, indicating strong bullish momentum.
  • The most recent sharp decline of -748.63 points (-1.69%) suggests a strong bearish move.
• Reversal Bars:
  • Some reversal bars appear near 40,000 and 41,000, followed by strong rallies.
  • The most recent bearish engulfing bar suggests a possible correction.
• Inside Bars:
  • Inside bars are visible around July-August 2024, indicating price consolidation before breaking higher.
• Doji Bars:
  • Several doji bars appear near key resistance levels (e.g., 45054.36), signaling indecision.

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3. Support & Resistance Levels:

• Major Resistance Levels:
  • 45,054.36 → The highest peak before the recent decline.
  • 43,325.09 → Price recently rejected this level.
• Major Support Levels:
  • 41,646.30 → A previous high turned support.
  • 39,993.07 → Key swing low where price bounced before.
  • 37,611.56 → Strong demand zone during the uptrend.

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4. Breakout & Pullback Analysis:

• Breakouts:
  • The breakout above 40,000 was strong, with follow-through confirming an uptrend.
  • The most recent breakout attempt above 45,000 failed, leading to a sharp pullback.
• Pullbacks:
  • Price has shown healthy pullbacks around 41,000 - 42,000, with buyers stepping in.
  • The latest correction suggests a deeper pullback might be forming.

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5. Market Context & Trading Bias:

• Current Market Condition: The DJI is in an uptrend but is showing signs of weakness, with a recent bearish push.
• Potential Trend Change: If price breaks below 41,646, it could lead to a larger correction.
• Trader Psychology:
  • Earlier in the uptrend: Greed/FOMO, as price kept making new highs.
  • Current phase: Indecision and fear, as price is struggling near 43,000 - 45,000.

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Conclusion & Bias:

• Bullish Bias: As long as 41,646.30 holds, the trend remains intact.
• Bearish Warning: A break below 41,000 could lead to further downside towards 39,993 or lower.

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.

Venture - 21 Feb 2025

Stock Analysis: Venture Corporation Ltd (SGX: V03)

1. Trend Analysis

• Overall Trend: The stock has shown a mix of uptrends, downtrends, and ranging periods.
• Recent Trend:
  • From October 2023 to May 2024, the price was in an uptrend, making higher highs (HH) and higher lows (HL) (e.g., HH: 14.74 in May, HL: 13.27 in May).
  • After the peak at 15.64 (August 2024), the stock started a downtrend, making lower highs (LH) and lower lows (LL) (e.g., LH: 14.18 in September, LL: 13.47 in September).
  • Currently, the stock is in a sideways consolidation phase, bouncing between 12.11 (support) and 13.10–13.24 (resistance).
• Signs of Trend Weakening:
  • Overlapping candles, smaller trend bars, and a lack of strong momentum in the recent price action indicate indecision.

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2. Key Price Action Signals

• Strong Trend Bars & Follow-Through:
  • The July-August 2024 breakout above 14.63 was strong, but it failed to hold above 15.64, leading to a sharp rejection.
  • The strong bearish drop in September suggests sellers took control.
• Reversal Bars:
  • The 15.64 peak formed a strong rejection wick, signaling exhaustion.
  • The 13.47 low in September acted as a temporary support but was broken later.
  • The 12.11 low in early 2025 formed a bullish bounce, suggesting buyers stepping in.
• Inside Bars & Consolidation:
  • Several inside bars are forming in the 12.50–13.10 range, indicating consolidation. A breakout from this range could dictate the next direction.
• Doji Bars & Indecision:
  • Multiple doji bars around 13.22–13.24, showing market indecision.

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3. Support & Resistance Levels

• Support Levels:
  • 12.11 (Recent swing low – buyers defending this area)
  • 12.50 (Minor support from previous reactions)
• Resistance Levels:
  • 13.24–13.25 (Previous support, now acting as resistance)
  • 14.14–14.28 (Major resistance zone from prior highs)

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4. Breakout & Pullback Analysis

• Breakouts:
  • The August 2024 breakout above 14.63 failed, leading to a downtrend.
  • The December 2024 breakout below 12.38 was strong but saw buyers defending 12.11.
• Pullbacks:
  • The downtrend pullback to 13.10 in January 2025 failed to break higher, suggesting weak buyers.
  • The current bounce from 12.11 is weak unless it clears 13.10–13.24.

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5. Market Context & Trading Bias

• Current State: Ranging between 12.11 support and 13.10–13.24 resistance.
• Potential Trend Change?
  • If 12.11 breaks, it may continue downwards.
  • If price breaks above 13.24, it could attempt to test 14.14 again.
• Trader Psychology:
  • Buyers are attempting to hold 12.11, but lack of momentum suggests hesitation.
  • Sellers are defending 13.24, keeping the price in a sideways battle.

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Conclusion:

• The stock is in a sideways consolidation phase after a previous downtrend.
• A breakout above 13.24 could indicate a move back toward 14.14–14.28, while a break below 12.11 may lead to further downside.
• Traders should watch for strong trend bars with volume to confirm direction.

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:   5.80%

ComfortDelGro - 21 Feb 2025

Stock Analysis: ComfortDelGro (C52) – Daily Chart (SGX)

1. Trend Analysis:

• Trend Direction: The market initially showed an uptrend from mid-2023 until early 2024, with higher highs (HH) and higher lows (HL). However, after peaking at 1.53, the price started to decline, forming lower highs and lower lows, suggesting a potential downtrend or at least a correction.
• Recent Price Action:
  • The most recent lower high: 1.48
  • The most recent lower low: 1.36 (current level)
• Signs of Trend Weakening:
  • The price is struggling to make new highs.
  • Overlapping bars indicate indecision or potential trend exhaustion.
  • Larger bearish candles with strong closes suggest sellers gaining control.

2. Key Price Action Signals:

• Strong Trend Bars:
  • The strong bullish move to 1.50 had follow-through, but after reaching 1.53, the price faced resistance and reversed.
  • Recent bearish trend bars with strong closes indicate selling pressure.
• Reversal Bars:
  • The rejection at 1.50–1.53 suggests supply zones where sellers stepped in.
  • Several small-bodied candles indicate hesitation and lack of momentum.
• Inside Bars & Consolidation:
  • Inside bars appeared before the breakdown from 1.42, signaling a bearish breakout.
• Dojis:
  • A few dojis appear around 1.42–1.45, showing temporary equilibrium before the recent decline.

3. Support & Resistance Levels:

• Major Resistance: 1.50 – 1.53 (Key swing high, strong supply zone)
• Intermediate Resistance: 1.42 – 1.45 (Prior consolidation area)
• Major Support: 1.32 – 1.36 (Previous lows, current test zone)

4. Breakout & Pullback Analysis:

• The breakout from 1.42 was a bearish move with follow-through, suggesting a shift in control to sellers.
• The current pullback to 1.36 is crucial. If it holds, buyers may attempt a reversal. If it breaks, 1.32–1.30 could be tested.
• The retest of 1.42 (previous support-turned-resistance) was rejected, confirming bearish sentiment.

5. Market Context & Trading Bias:

• Current Market Phase: Transitioning from uptrend to possible downtrend.
• Potential Trend Change Signals: If price forms a higher low above 1.32 and breaks back above 1.42, a recovery is possible.
• Trader Psychology:
  • Sellers in control as price rejects previous support levels.
  • Buyers may step in at key support levels, but conviction remains weak.
  • If 1.36 fails, more selling could push price lower.

Conclusion:

• Bearish Bias: Price is in a corrective phase with selling pressure dominating.
• Watch for:
  • A bounce from 1.36 for potential support.
  • A break below 1.36 for continuation toward 1.32–1.30.
  • Signs of reversal (strong bullish bars, volume increase) before considering long positions.

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:   5.35%

Haw Par - 21 Feb 2025

Price Action Analysis for HAW PAR (H02) on SGX

1. Trend Analysis:

• Market Trend: The stock is in a clear uptrend with a series of higher highs (HH) and higher lows (HL), confirming bullish momentum.
• Recent Higher Highs & Higher Lows:
  • Higher Highs (HH): 10.10 → 10.49 → 10.57 → 11.05 → 11.35 → 11.52 → 11.98
  • Higher Lows (HL): 9.48 → 9.50 → 9.62 → 9.85 → 10.04 → 10.65 → 10.98
• Trend Weakness Signs: No major signs of weakness yet, but some areas show consolidation and small retracements.

2. Key Price Action Signals:

• Strong Trend Bars:
  • Large bullish bars appear frequently, especially in July, October, and January 2025, confirming strong demand.
  • The latest breakout above 11.52 shows strong follow-through.
• Reversal Bars:
  • Bearish rejection at 11.52 (December 2024) led to a pullback before another attempt to break higher.
  • Pin bar near 10.65 (October 2024) indicated demand before the next uptrend.
• Inside Bars & Consolidation:
  • Several inside bars around 10.98 – 11.35 (November – December 2024) indicated a buildup before the breakout.
• Doji Bars:
  • A few dojis appeared near resistance zones (11.52, 11.35), showing hesitation before a trend continuation.

3. Support & Resistance Levels:

• Major Resistance Levels:
  • 11.52 (Previous swing high, now being tested)
  • 12.00 psychological level (Round number resistance)
• Major Support Levels:
  • 10.98 (Recent swing low, demand zone)
  • 10.65 – 10.66 (Previous consolidation area)
  • 9.85 – 10.04 (Key structure area before breakout)

4. Breakout & Pullback Analysis:

• Breakout Strength:
  • Strong breakout above 11.35 and 11.52, supported by bullish volume.
  • Latest breakout from 11.52 to 11.98 shows conviction.
• Pullbacks:
  • Small retracements followed by continuation, forming a stair-step uptrend.
  • The October 2024 pullback to 10.65 was a buy-the-dip opportunity.

5. Market Context & Trading Bias:

• Current State: Trending upwards with higher highs and higher lows.
• Potential Trend Change Signals: No strong bearish rejection yet, but watch for exhaustion near 12.00.
• Trader Psychology:
  • Fear: Limited as buyers are stepping in on pullbacks.
  • Greed: Likely increasing as the stock moves to new highs.
  • Indecision: Some hesitation near key resistance levels.

Final Outlook:

• Bullish bias remains intact unless 11.52 breaks down.
• Watch for strong break above 12.00 or potential rejection leading to a pullback.
• Ideal setups: Buying dips near support or trading breakouts with volume.

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:   3.38%