Stock Analysis: GuocoLand (F17) – 1D Chart (SGX)
1. Trend Analysis
- Current Market Trend: Ranging with a slight bearish bias.
- Higher Highs/Higher Lows or Lower Highs/Lower Lows:
- The price made a lower high at 1.60 (Nov 2024) before declining.
- Recent swing lows at 1.42, 1.40, and 1.43 suggest weak support levels.
- Recent lower highs: 1.49, 1.48, 1.47, indicating a downtrend continuation.
- Trend Weakness Signs:
- Overlapping candles and small-bodied bars show market indecision.
- Several doji-like bars signal a lack of strong momentum.
2. Key Price Action Signals
- Strong Trend Bars:
- A strong bullish bar in Sep 2024 broke above 1.53, leading to 1.60.
- Bearish rejection at 1.60 resulted in a sharp drop, confirming resistance.
- Reversal Patterns:
- Bullish pin bars: Seen around 1.42 and 1.44, indicating temporary support.
- Bearish engulfing pattern: Around 1.56 to 1.53, confirming a downtrend.
- Inside Bars & Dojis:
- Inside bars around 1.45–1.47, suggesting consolidation.
- A doji near 1.45 (current price) indicates indecision.
3. Support & Resistance Levels
- Major Resistance:
- 1.60 (Strong rejection area).
- 1.56–1.57 (Previous highs).
- 1.50–1.53 (Key supply zone).
- Major Support:
- 1.44 (Currently tested support).
- 1.42 (Last swing low, potential breakdown level).
- 1.40 (Critical support—if broken, a further decline is likely).
4. Breakout & Pullback Analysis
- Breakout Strength:
- Weak breakout attempts above 1.47 and 1.49 lacked follow-through.
- Strong breakdown below 1.56 led to a continued decline.
- Pullback Analysis:
- Recent pullback to 1.47 failed to hold, showing bearish pressure.
- Potential for another test at 1.44 or 1.42 before a direction is confirmed.
5. Market Context & Trading Bias
- Trending or Ranging?
- Market remains in a range (1.40–1.60), but with a bearish tilt.
- Trend Shift Clues:
- If 1.40 breaks, a deeper downtrend could follow.
- A break above 1.50 may trigger a short-term reversal.
- Trader Psychology:
- Sellers are dominant below 1.50.
- Buyers are weak at 1.44–1.45, risking a breakdown.
6. Supply, Demand & Liquidity Analysis
- Supply Zones:
- 1.50–1.53 (Many failed breakouts).
- 1.56–1.60 (Strong resistance).
- Demand Zones:
- 1.40–1.44 (Repeated support).
- Liquidity Traps:
- False breakout at 1.47 (trapped buyers).
7. Risk Management & Trading Plan
- Bullish Plan:
- Entry: Above 1.47 if strong momentum appears.
- Stop-Loss: Below 1.44.
- Target: 1.50–1.53.
- Bearish Plan:
- Entry: Below 1.44 for a potential drop to 1.40.
- Stop-Loss: Above 1.47.
- Target: 1.40, then 1.38 if broken.
Conclusion
- Short-term Bias: Bearish while below 1.50.
- Watch for: Price reaction at 1.44–1.45 (potential breakdown or reversal).
- Key Levels:
- Bullish Breakout: Above 1.50.
- Bearish Breakdown: Below 1.40.
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: 4.17%
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