Chart Analysis for GLOBAL INV (SGX: B73) - 1D Timeframe
1. Trend Analysis
✅ Market Structure: The stock is currently in a gradual uptrend, characterized by higher highs (HH) and higher lows (HL).
✅ Recent Higher Highs & Lows:
- Higher Highs (HH): 0.119 → 0.120 → 0.122 → 0.124
- Higher Lows (HL): 0.107 → 0.110 → 0.114 → 0.117
✅ Signs of Trend Weakening? - No major lower lows have formed yet, so the trend is intact.
- However, price bars are showing overlapping candles in some areas, which could indicate consolidation or weakening momentum.
2. Key Price Action Signals
✅ Strong Trend Bars & Follow-through:
- The last few bars show bullish momentum, with higher closes and small wicks, indicating strong demand.
- Today's bar closed at 0.125, showing bullish continuation.
✅ Reversal Patterns: - No major bearish engulfing or pin bars have been observed at resistance.
- Watch for long upper wicks as signs of potential exhaustion.
✅ Inside Bars & Doji Bars: - There are small inside bars around 0.115–0.117, signaling brief consolidation before a breakout.
- A doji bar near 0.121 suggests temporary indecision before the next leg up.
3. Support & Resistance Levels
✅ Major Support Levels:
- 0.117 (previous breakout level, now support)
- 0.110 (prior low and liquidity zone)
✅ Major Resistance Levels: - 0.125 (current price, testing recent highs)
- 0.130 (psychological resistance, if it breaks above 0.125)
4. Breakout & Pullback Analysis
✅ Strength of Breakouts:
- The recent breakout above 0.121 was strong (bullish bars with good volume).
- The stock is testing 0.125, and if it breaks, it could move higher.
✅ Pullback Structure: - Recent pullbacks to 0.117 and 0.121 acted as bullish accumulation zones.
- If the stock pulls back to 0.120-0.121, it could be a buying opportunity.
5. Market Context & Trading Bias
✅ Overall Trend Bias: Bullish
✅ Possible Trend Shift?
- If price fails to hold above 0.117, we might see a shift toward consolidation or a correction.
- Need to watch for lower highs forming, which could indicate a reversal.
✅ Trader Psychology: - Bulls are in control, but some profit-taking near 0.125 is expected.
6. Supply, Demand & Liquidity Analysis
✅ Demand Zones:
- 0.110-0.117 is a demand zone where buyers stepped in previously.
✅ Liquidity Traps: - If price fakes out above 0.125 but fails to hold, it could trap breakout buyers and cause a reversal.
✅ Trade Setups: - Pullback Buy: Enter at 0.121-0.122 if price retests and holds.
- Breakout Play: Buy above 0.125 if volume confirms the move.
7. Risk Management Strategy
✅ Entry Zones:
- Pullback entry: 0.121–0.122
- Breakout entry: Above 0.125
✅ Stop-loss: - Conservative SL: Below 0.117
- Aggressive SL: Below 0.121 (tighter stop for momentum plays)
✅ Profit-taking Targets: - First target: 0.130
- Second target: 0.135+
Final Thoughts
- Bullish trend is intact, with strong higher highs/lows.
- Breakout above 0.125 could push price towards 0.130.
- Failure to hold 0.117 could weaken momentum.
- Ideal strategy: Look for buying opportunities on dips or a confirmed breakout play.
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: 6.45%
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