Chart Analysis for IHH Healthcare (SGX: IHH) - 1D Timeframe
1. Trend Analysis
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Overall Trend: The stock was in a strong uptrend from June 2024 to September 2024, followed by a sideways consolidation and a recent downtrend in 2025.
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Higher Highs & Higher Lows:
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Uptrend: Higher highs were at 1.82 (May), 2.27 (October), 2.28 (November).
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Sideways phase: Resistance near 2.22 - 2.28, support around 2.12 - 2.13.
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Recent downtrend: Lower highs at 2.25, 2.22, 2.23 and lower lows at 2.13, 2.12.
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Trend Weakness?
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Yes. Price action has lower highs and is testing previous support levels.
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Recent bars show more wicks and overlapping candles, suggesting uncertainty and possible trend weakening.
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2. Key Price Action Signals
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Strong Trend Bars:
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September 2024: Large green bars indicating strong buying momentum.
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December 2024: Strong breakout to 2.25, followed by rejection.
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Reversal Patterns:
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Double Top at 2.28 (November) & 2.25 (January) – suggests resistance.
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Bearish Engulfing Pattern near 2.25 (Feb 2025) – downtrend confirmation.
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Inside Bars & Doji Bars:
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Multiple doji candles near 2.12 - 2.13 – indecision, possible reversal.
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Unusual Volume Spikes:
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December spike (near earnings) but price failed to break higher – potential distribution by institutions.
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3. Support & Resistance Levels
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Major Resistance:
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2.28 (November 2024 high)
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2.25 (Double Top Resistance)
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2.22 - 2.23 (Lower High Zone)
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Major Support:
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2.13 (Tested multiple times, key level)
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2.12 (Recent low, must hold to avoid deeper correction)
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Psychological support at 2.00
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4. Breakout & Pullback Analysis
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Recent Breakdown:
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Price broke below 2.12 support and quickly bounced back to 2.08.
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Failed breakout above 2.25 in Jan-Feb 2025 – sign of exhaustion.
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Pullback Opportunities:
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If price retests 2.12 - 2.13 and holds, possible rebound to 2.20.
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If breakdown continues, next support at 2.00.
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5. Market Context & Trading Bias
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Current Market Context:
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Weakening uptrend → Possible range or downtrend continuation.
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Buyer interest around 2.12, but sellers dominating near 2.22.
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Possible Trend Shift?
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If price fails to hold above 2.12, more downside expected.
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Break above 2.22 with strong volume could resume an uptrend.
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6. Supply, Demand & Liquidity Analysis
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Supply Zones (Sellers Active):
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2.22 - 2.28 (Rejection areas)
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2.25 (Last lower high, strong selling pressure)
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Demand Zones (Buyers Active):
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2.12 - 2.13 (Key support zone, tested multiple times)
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2.00 (Psychological round number, likely to see buyers here)
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Liquidity Traps:
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False breakout above 2.25 (Jan 2025) – trapped buyers.
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Recent wick below 2.12 – potential bear trap.
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7. Risk Management Strategy
Trade Setup Ideas:
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Pullback Buy
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Entry: Near 2.12 - 2.13 (If it holds as support).
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Stop Loss: Below 2.10.
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Target: 2.20 - 2.22 resistance.
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Risk/Reward: 1:2.
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Breakout Play
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Entry: Above 2.22 with strong volume.
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Stop Loss: Below 2.18.
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Target: 2.25 - 2.28 (prior highs).
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Short Setup (If trend continues down)
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Entry: Below 2.12 breakdown with confirmation.
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Stop Loss: Above 2.15.
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Target: 2.00.
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Conclusion:
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Short-term: Neutral to bearish (price struggling at resistance).
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Medium-term: Range-bound (needs to break 2.22 or 2.12 to confirm direction).
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Long-term: Bullish above 2.22, Bearish below 2.12.
Key Watch: If buyers defend 2.12, expect a bounce. If sellers push below 2.12, expect more downside.
Final Thought:
If you're trading this stock, wait for confirmation at key levels (2.12 or 2.22). Managing risk is crucial, as false breakouts have occurred recently.
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: 1.45%
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