Aztech Global - 14 Mar 2025

Stock Analysis: AZTECH GBL (8AZ) – 1D Chart (SGX)

1. Trend Analysis:

• Current Trend: The market was in an uptrend until November, making higher highs (HH) and higher lows (HL). However, a sharp decline in December led to a shift in sentiment.
• Higher Highs & Higher Lows:
  • HH: 1.070, 1.080, 1.040 (uptrend structure).
  • HL: 0.805, 0.895, 0.910 (support levels).
• Downtrend Shift:
  • Price fell drastically from above 1.000 to around 0.675 in December, indicating a trend break.
  • Recent price action shows sideways movement (range) between 0.675 – 0.800.

2. Key Price Action Signals:

• Strong Trend Bars: The sharp red bar in December shows high selling pressure.
• Reversal Patterns:
  • Double Bottom at 0.675 → Possible accumulation phase.
  • Bullish Reversal Around 0.700 → Retesting resistance.
• Inside Bars & Doji Patterns:
  • Several small-bodied candles near 0.700 – 0.760, indicating consolidation before a possible breakout.

3. Support & Resistance Levels:

• Support Levels:
  • 0.675 (recent low)
  • 0.700 – 0.705 (current support zone)
• Resistance Levels:
  • 0.800 (key resistance from March).
  • 0.990 – 1.000 (previous uptrend resistance).

4. Breakout & Pullback Analysis:

• Breakout Strength:
  • Weak breakouts seen at 0.725 & 0.800 (long wicks, lack of follow-through).
• Pullback Analysis:
  • Price pulling back to 0.700 – 0.705 zone.
  • If buyers step in, potential for a rally toward 0.800.

5. Market Context & Trading Bias:

• Current Bias: Neutral to Bullish (if support at 0.700 – 0.705 holds).
• Potential Trend Shift:
  • If price reclaims 0.800, the uptrend could resume.
  • A break below 0.675 would confirm a bearish continuation.

6. Supply & Demand & Liquidity Analysis:

• Liquidity Traps:
  • The large red bar in December suggests big sell orders were triggered.
  • Currently, buyers defending 0.675 – 0.705 zone (accumulation phase).
• Volume Confirmation:
  • Increasing volume on green candles at 0.760, suggesting buyers stepping in.

7. Risk Management Strategy:

• Entry:
  • Bullish: Buy above 0.760 with a stop below 0.700.
  • Bearish: Short if price breaks 0.675, stop above 0.710.
• Stop-Loss: Below 0.675 (for long trades).
• Profit Target:
  • Short-term: 0.800
  • Medium-term: 0.900 – 1.000 if trend resumes.

Conclusion:

• The stock broke its uptrend in December but found support around 0.675.
• A break above 0.800 could signal a bullish reversal.
• Until then, the stock is in a range-bound phase, awaiting a clear breakout.

Trading Outlook:

✅ Bullish above 0.800
❌ Bearish below 0.675

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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