Technical Analysis of LHN (41O) on SGX โ Daily Chart (1D)
1. Trend Analysis
โ Trend Type: Uptrend (with recent pullback)
- Uptrend Confirmed: Higher highs and higher lows from November 2024 to January 2025.
- Recent Weakness: Price pulled back from 0.550 to 0.445, forming a lower low.
- Potential Rebound: Currently bouncing back to 0.485 after testing support.
- Trend Weakness Signs:
- Price rejected from 0.550 twice (double top formation).
- Increased volatility in FebruaryโMarch, signaling uncertainty.
2. Key Price Action Signals
๐ Bearish Rejection & Trend Bar Analysis
- Strong Bullish Move (NovโJan 2025): Large green bars, minimal pullbacks.
- Rejection from 0.550: Price attempted to break but faced selling pressure.
- Recent Bearish Reversal:
- Price fell from 0.550 โ 0.445 (Strong bearish move).
- Buyers stepped in at 0.445, forming support.
- Current Bounce: 0.445 to 0.485 suggests demand at lower levels.
๐ Reversal Patterns
- Pin Bar at 0.445: Rejection wick indicates buying interest.
- Engulfing Bullish Bar: At 0.485, showing buyers regaining control.
๐ Consolidation & Inside Bars
- Sideways movement in mid-2024: 0.310 โ 0.345 range.
- Breakout from 0.370 in Nov 2024: Initiated the uptrend.
3. Support & Resistance Levels
๐ Major Support Zones:
- 0.445: Strong recent support (March 2025).
- 0.370 โ 0.400: Previous breakout level from Nov 2024.
๐ Major Resistance Zones:
- 0.485: Current level, acting as minor resistance.
- 0.535 โ 0.550: Key resistance (double top formation).
- 0.560: Strongest resistance (last peak before pullback).
๐ Key Observations:
- If price breaks 0.485 with strength, it may target 0.535 โ 0.550.
- Failure to break above may lead to retest of 0.445.
4. Breakout & Pullback Analysis
๐ Breakout Strength:
- Break above 0.370 in Nov 2024 was strong (high volume).
- Break above 0.485 will determine if the uptrend continues.
๐ Pullback Analysis:
- Current retracement to 0.445 aligns with prior support zones.
- If price holds above 0.445, the trend may continue up.
๐ Bullish Scenario:
- Strong breakout above 0.485 โ Potential rally to 0.535 โ 0.550.
โ ๏ธ Bearish Scenario:
- Rejection at 0.485 โ Possible retest of 0.445.
5. Market Context & Trading Bias
โ Current Market Phase: Transitioning from correction to possible rebound.
- Recent pullback suggests uncertainty, but demand appears near 0.445.
- Trader Psychology: Buyers regaining confidence after panic selling in Feb.
๐ Trading Bias:
- Bullish above 0.485 (confirmation needed).
- Bearish if 0.445 breaks (further downside risk).
6. Supply & Demand & Liquidity Analysis
๐ Volume Insights:
- Increased volume during price drops = sellers exiting.
- Volume increase at 0.445 = possible demand zone.
๐ Liquidity Zones:
- 0.445 โ 0.485: High liquidity (buyers absorbing selling pressure).
- Above 0.535: Low liquidity, potential breakout.
7. Risk Management Strategy
๐ฐ Trade Setup: Pullback Buy & Breakout Play
๐ Bullish Trade Plan:
- Entry: Above 0.485 (confirmation with strong bullish close).
- Stop Loss: Below 0.470 (previous candle low).
- Target 1: 0.535
- Target 2: 0.550
๐ Bearish Trade Plan:
- Entry: If rejection at 0.485, short below 0.470.
- Stop Loss: Above 0.490.
- Target: 0.445, then 0.400.
Final Summary
โ
Overall Bias: Neutral-Bullish (Break above 0.485 needed for confirmation).
โ ๏ธ Risk Factors: Failure to break 0.485 may lead to more downside.
๐ฏ Key Levels:
- Bullish Above: 0.485 (Targets 0.535 โ 0.550)
- Bearish Below: 0.470 (Targets 0.445 โ 0.400)
๐ Watch 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: 4.20%
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