BRC Asia - 07 Mar 2025

Technical Analysis of BRC Asia (BEC) – 1D Chart (SGX)

Date: March 7, 2025

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1. Trend Analysis

• Overall Trend: Uptrend
• Higher Highs & Higher Lows:
  • Recent higher highs: 2.20 → 2.44 → 2.42 → 2.59 → 3.00 → 3.15
  • Recent higher lows: 1.92 → 2.05 → 2.02 → 2.25 → 2.30 → 2.47
• Trend Strength & Weakness Signs:
  • Price is making higher highs and higher lows, confirming a strong uptrend.
  • Recent pullbacks have been shallow, suggesting strong buying interest.
  • Smaller candles and wicks at highs (3.15 area) indicate possible trend exhaustion or temporary consolidation.

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2. Key Price Action Signals

• Strong Trend Bars:
  • The move from 2.59 to 3.15 was strong, marked by large green candles with good volume.
  • The breakout above 3.00 was strong but showed a slight rejection at 3.15.
• Reversal Patterns:
  • A small rejection wick at 3.15 suggests short-term selling pressure.
  • Pin bar near 3.02 might indicate short-term support.
• Inside Bars / Doji Candles:
  • A consolidation zone formed near 3.00–3.15, suggesting an upcoming directional move.

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3. Support & Resistance Levels

• Major Support Levels:
  • 2.59 – Last breakout level, likely to act as strong support.
  • 2.47–2.50 – A significant area where buyers stepped in.
  • 2.30 – Previous swing low, another key level.
• Major Resistance Levels:
  • 3.15 – Recent high and rejection point.
  • 3.30 (Potential) – If 3.15 breaks, this could be the next upside target.

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4. Breakout & Pullback Analysis

• Breakout Strength:
  • The breakout above 3.00 was strong, but rejection at 3.15 suggests a possible pause.
  • A break and close above 3.15 with volume would confirm further upside potential.
• Pullbacks:
  • If price pulls back, 3.00 and 2.90 could serve as short-term support.
  • If 3.00 fails, watch for a dip to 2.59 for a deeper pullback.

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5. Market Context & Trading Bias

• Market Phase: Strong uptrend with short-term consolidation.
• Potential Trend Shift? No clear signs yet, but failure to reclaim 3.15 could lead to deeper pullback.
• Trader Sentiment:
  • Above 3.15 = Bullish continuation.
  • Between 3.00–3.15 = Neutral to bullish (consolidation).
  • Below 3.00 = Short-term bearish (watch for deeper pullback to 2.59).

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6. Supply & Demand & Liquidity Analysis

• High Buying Pressure: Seen during the move from 2.59 to 3.00.
• Possible Liquidity Traps:
  • A false breakout above 3.15 could lead to stop-hunting before a larger move down.
  • Buyers will likely step in around 3.00–2.90 if a pullback happens.

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7. Risk Management Strategy

• Bullish Play:
  • Entry: On a retest of 3.00 or a breakout above 3.15.
  • Stop Loss: Below 2.90 for aggressive traders, below 2.59 for conservative traders.
  • Profit Targets: 3.30, 3.50 (if momentum continues).
• Bearish Play (Short-term correction):
  • Entry: If rejection at 3.15 continues, short from 3.10–3.15.
  • Stop Loss: Above 3.20.
  • Target: 3.00, 2.90 (for a deeper retracement).

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Final Thoughts:

• BRC Asia (BEC) is in a strong uptrend but faces resistance at 3.15.
• A successful breakout above 3.15 could lead to 3.30+.
• Failure at 3.15 could trigger a pullback to 3.00 or even 2.59.
• Watch volume and price action at key levels for the next major 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.

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