Friday, March 14, 2025

Money Max Fin - 14 Mar 2025

Stock Analysis: MoneyMax Financial Services (5WJ) - 1D Timeframe (SGX)

1. Trend Analysis

  • Current Trend: The stock is in an uptrend, characterized by a series of higher highs (HH) and higher lows (HL).
  • Recent Higher Highs:
    • 0.315 (2023)
    • 0.350 (Late 2024)
    • 0.405 (2025) – Newest peak
  • Recent Higher Lows:
    • 0.200 (Mid-2023)
    • 0.235 (Early 2024)
    • 0.310 (Late 2024)
  • Trend Weakening? Some overlapping bars and a sharp pullback from 0.405 to 0.390 indicate possible profit-taking or a minor correction.

2. Key Price Action Signals

  • Strong Trend Bars:
    • The breakout above 0.350 (late 2024) with strong green candles shows bullish conviction.
    • The latest price surge to 0.405 followed by rejection suggests supply at higher levels.
  • Reversal Patterns:
    • A long red bar with a long wick near 0.405 suggests sellers stepping in.
    • Pin Bar Formation: If price closes above 0.390 and stays strong, it may indicate a continuation pattern.
  • Inside & Doji Bars:
    • Inside bars appear near 0.240 and 0.265 (2024), which led to breakout moves.
    • Doji bars indicate indecision near 0.310 and 0.350.

3. Support & Resistance Levels

  • Major Support:
    • 0.310 - 0.315 (Previous resistance turned support)
    • 0.265 - 0.275 (Swing low before the uptrend)
  • Major Resistance:
    • 0.405 - 0.410 (Recent peak where sellers appeared)
    • 0.440 (Next psychological level if breakout continues)

4. Breakout & Pullback Analysis

  • Strong Breakouts:
    • The breakout at 0.350 had strong bullish volume and follow-through.
  • Weak Pullbacks:
    • The latest pullback from 0.405 to 0.390 is relatively small, suggesting buyers still control the market.
    • If price holds above 0.390, another attempt to break 0.405 is likely.

5. Market Context & Trading Bias

  • Trending vs. Ranging?
    • The stock is in a clear uptrend but showing short-term consolidation.
  • Signs of Trend Shift?
    • A break below 0.350 could signal a deeper pullback.
    • A break above 0.405 could lead to new highs.
  • Trader Sentiment:
    • Bullish momentum remains strong, but some profit-taking is visible.

6. Supply, Demand & Liquidity Analysis

  • Demand Zones:
    • 0.310 - 0.315 (Buyers stepped in on previous corrections)
    • 0.265 - 0.275 (Major accumulation area)
  • Supply Zones:
    • 0.405 - 0.410 (Recent high where sellers appeared)
  • Liquidity Traps:
    • A potential liquidity trap below 0.350, where stops may get hit before price resumes upward.

7. Risk Management Strategy

  • Entry: Look for a breakout above 0.405 or a pullback to 0.350.
  • Stop-Loss:
    • Below 0.350 if entering a breakout play.
    • Below 0.310 if buying on pullback.
  • Profit Targets:
    • First target: 0.440
    • Second target: 0.500+ (if uptrend extends)

Final Thoughts

  • The uptrend is still intact despite a minor pullback.
  • Bullish bias remains unless price drops below 0.350.
  • Watch for breakout confirmation above 0.405 or pullback entries around 0.350-0.360.

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:  2.82%



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