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%