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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