HRNetGroup - 07 Mar 2025

Stock Analysis: HRNETGROUP (SGX) - 1D Chart (Daily Timeframe)

Trend Analysis:

• Current Trend: The stock is in a range-bound market with no clear long-term trend.
• Higher Highs / Higher Lows:
  • The price has struggled to make new highs above 0.740 SGD (resistance).
  • The most recent lows have been stable around 0.655–0.670 SGD, forming a base.
• Trend Weakness:
  • There are overlapping bars, suggesting market indecision.
  • No strong momentum bars indicating a powerful breakout.

Key Price Action Signals:

• Reversal Patterns:
  • Multiple rejections at 0.740 SGD, making it a strong resistance.
  • A previous strong rejection at 0.655 SGD, forming a support base.
• Inside Bars & Doji Bars:
  • Several inside bars in the range of 0.680–0.700 SGD, showing price consolidation.
  • A few doji bars near 0.690 SGD, indicating indecision.

Support & Resistance Levels:

• Major Resistance: 0.740 SGD (Multiple failed breakouts).
• Intermediate Resistance: 0.700–0.710 SGD (historical turning points).
• Major Support: 0.655–0.670 SGD (Buyers defended this area).
• Intermediate Support: 0.680 SGD (recent bounce level).

Breakout & Pullback Analysis:

• Breakout Strength: No clear breakout yet, as previous attempts above 0.740 SGD failed.
• Pullback Analysis:
  • If the price pulls back to 0.670–0.680 SGD and holds, it may attract buyers.
  • A breakout above 0.700–0.710 SGD may indicate bullish strength.

Market Context & Trading Bias:

• Current Market Phase: Sideways range between 0.670 SGD – 0.740 SGD.
• Potential Bias:
  • Bullish above 0.710 SGD, targeting 0.740 SGD.
  • Bearish below 0.670 SGD, with a possible retest of 0.655 SGD.
• Trader Psychology:
  • Indecision in the market as price consolidates.
  • Strong rejections at key levels indicate both buyers and sellers are active.

Supply & Demand & Liquidity Analysis:

• Supply Zones: 0.700–0.740 SGD (Sellers are defending this area).
• Demand Zones: 0.655–0.680 SGD (Buyers are stepping in).
• Liquidity Traps:
  • Fake breakouts above 0.700 SGD.
  • Stop-loss hunts below 0.670 SGD.

Risk Management Strategy:

• Entry:
  • Buy above 0.710 SGD, targeting 0.740 SGD.
  • Sell below 0.670 SGD, targeting 0.655 SGD.
• Stop-Loss:
  • Below 0.680 SGD for long trades.
  • Above 0.710 SGD for short trades.
• Profit Targets:
  • First Target: 0.740 SGD (if bullish breakout).
  • Second Target: 0.655 SGD (if bearish breakdown).

Summary & Conclusion:

• HRNETGROUP (SGX) is in a sideways consolidation between 0.670–0.740 SGD.
• A breakout above 0.710 SGD could trigger bullish momentum.
• A breakdown below 0.670 SGD may lead to further selling pressure.
• Watch price action around 0.695–0.700 SGD for breakout confirmation.

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:   5/76%