Technical Analysis of CAPLAND INTCOM T (C38U) - SGX (Daily Chart)
1. Trend Analysis
✅ Current Trend: Uptrend
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The market was previously in a downtrend, bottoming at 1.90 SGD (December-January).
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A higher low (1.92 SGD in February) and recent higher highs (2.14 SGD in March) confirm a trend reversal.
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The breakout above 2.00 SGD (resistance turned support) led to bullish momentum.
⚠ Signs of Weakening Trend:
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The most recent high (2.14 SGD) had a long wick, indicating selling pressure.
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Some bars show overlapping candles, which could signal consolidation or indecision.
2. Key Price Action Signals
📌 Bullish Signals:
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Strong bullish trend bars from late February to mid-March, showing aggressive buying.
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March 22 breakout above 2.00 SGD was accompanied by high volume.
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No major bearish engulfing or reversal patterns yet.
⚠ Bearish Signals:
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Pin bar at 2.14 SGD shows rejection at resistance.
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Potential double top around 2.14-2.15 SGD.
3. Support & Resistance Levels
🔹 Major Support Levels:
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2.00 SGD – Psychological level & previous resistance.
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1.92 SGD – Recent higher low.
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1.90 SGD – Key bottom from December 2024.
🔸 Major Resistance Levels:
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2.14 - 2.15 SGD – Key resistance level (rejection visible).
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2.16 - 2.20 SGD – Previous swing high zone.
4. Breakout & Pullback Analysis
✅ Breakouts:
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Strong breakout above 2.00 SGD with volume confirmed a trend shift.
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Recent attempt to break 2.14 SGD failed, signaling resistance.
⚠ Pullbacks:
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Price pulled back after hitting 2.14 SGD, but buyers stepped in at 2.10 SGD.
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If price holds above 2.00 SGD, the uptrend remains intact.
5. Market Context & Trading Bias
🔹 Market Phase: Uptrend with potential consolidation.
🔹 Trader Sentiment: Mixed; strong buying recently, but sellers emerged at resistance.
🔹 Next Move: If price clears 2.14 - 2.15 SGD with volume, expect continuation to 2.20 SGD. Otherwise, a drop back to 2.00 SGD is possible.
6. Supply, Demand & Liquidity Analysis
📌 Demand Zones:
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1.90 - 2.00 SGD: Strong buying seen.
📌 Supply Zones:
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2.14 - 2.16 SGD: Sellers active.
📌 Volume Analysis:
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Recent breakout was backed by volume, but the rejection at 2.14 SGD suggests profit-taking.
7. Risk Management Strategy
📌 Bullish Plan (If expecting continuation):
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Entry: Above 2.14 SGD after breakout confirmation.
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Stop Loss: Below 2.00 SGD (invalidates uptrend).
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Target: 2.20 - 2.25 SGD zone.
📌 Bearish Plan (If expecting rejection/fake breakout):
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Entry: On rejection at 2.14 SGD.
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Stop Loss: Above 2.16 SGD.
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Target: 2.00 SGD (support retest).
Conclusion
🔹 The stock is in an uptrend, but resistance at 2.14 - 2.15 SGD is holding.
🔹 A breakout above 2.15 SGD could confirm a move to 2.20 SGD+.
🔹 A drop below 2.10 - 2.00 SGD might trigger a pullback to 1.92 SGD.
📊 Watch for:
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Strong breakout with volume above 2.15 SGD = bullish signal.
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Rejection and breakdown below 2.10 SGD = possible retracement.
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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