CapLand IntCom Trust - 07 Feb 2025

Price Action Analysis for C38U (CapLand IntCom Trust) - SGX

1. Trend Analysis:

• Overall Market Structure: The market appears to be in a long-term trading range with alternating periods of uptrends and downtrends.
• Recent Highs & Lows:
  • Higher highs: 2.35, 2.30, 2.24, 2.20 (indicating past bullish strength).
  • Lower highs: 2.08, 2.02, 1.99 (showing trend weakening).
  • Lower lows: 1.92, 1.74, 1.68 (indicating bearish phases).
• Trend Weakening Signs:
  • Price has struggled to make a sustained move above 2.00 recently.
  • Strong counter-trend moves suggest uncertainty (e.g., rapid declines after peak formations).

2. Key Price Action Signals:

• Strong Trend Bars:
  • Bullish trend bars: Found around 1.95, 1.97, 1.99, showing upward momentum.
  • Bearish trend bars: 2.08, 2.02, indicating strong sell-offs.
• Reversal Bars:
  • Pin bars (long wicks): Visible around 1.86, 1.91, suggesting strong buying interest at lower prices.
  • Engulfing bars: Strong bullish engulfing bars around 1.82 - 1.86, signaling possible trend reversals.
• Inside Bars (Consolidation Areas):
  • Found in tight price action zones around 1.90 - 1.93, indicating indecision before a breakout.
• Doji Bars (Indecision Signals):
  • Present near 1.98 - 2.00, suggesting market hesitation before deciding on a direction.

3. Support & Resistance Levels:

• Major Resistance:
  • 2.00 - 2.08 (past key rejection areas).
  • 2.15 - 2.24 (historical supply zone).
• Major Support:
  • 1.90 - 1.92 (current price bouncing area).
  • 1.80 - 1.86 (strong buying zones).
  • 1.68 (historical strong support).

4. Breakout & Pullback Analysis:

• Breakouts:
  • Weak breakouts seen above 2.00 (long wicks show rejection).
  • A strong breakout with volume above 2.08 could confirm bullish momentum.
• Pullbacks:
  • The current retracement from 1.90 - 1.98 suggests an attempt to resume an uptrend.
  • If price pulls back and holds above 1.90, a bull flag formation may develop.

5. Market Context & Trading Bias:

• Current Phase: Transitioning from a downtrend to a possible uptrend (if 1.90 holds).
• Trader Psychology:
  • Fear: Seen in sharp sell-offs near 2.08 - 2.00.
  • Greed: Buyers stepping in at 1.90 - 1.92.
  • Indecision: Small-bodied candles near 2.00 suggest hesitation.

Conclusion:

• Short-Term Bias: Bullish if 1.90 holds, targeting 2.00 - 2.08.
• Long-Term Bias: Neutral to bearish unless price clears 2.15 convincingly.
• Trade Watchlist: Look for buying opportunities above 1.90 and breakout confirmations above 2.00.

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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