Pan United - 28 Mar 2025

Stock Analysis: Pan-United Corporation (P52) - SGX (1D Chart)

1. Trend Analysis

✅ Current Trend: Uptrend

• The stock has been in a steady uptrend since mid-2024.

• Higher highs and higher lows are evident, confirming bullish momentum.

• The most recent higher low was at 0.600, followed by a breakout to 0.655.

• The price is currently at 0.645, slightly below recent highs, indicating potential resistance.

⚠️ Signs of Weakening?

• Some overlapping bars in consolidation periods (e.g., November–December 2024) indicate temporary range-bound movement.

• Recent bars show some long upper wicks, suggesting selling pressure near highs.

2. Key Price Action Signals

✅ Strong Trend Bars & Follow-Through

• The breakout from 0.600 to 0.655 was confirmed by a strong bullish candle.

• Volume supported the breakout, indicating genuine buying interest.

⚠️ Reversal Patterns

• Pin Bar Rejection at 0.655:

  • Price attempted to push higher but rejected at this level, leading to a pullback.

  • If another strong bullish bar appears, this could signal a breakout retest.

• Inside Bar Consolidation:

  • Small-bodied candles near 0.645–0.650 suggest indecision.

  • A breakout above 0.655 could confirm continuation.

✅ Unusual Volume Spikes

• A notable volume spike accompanied the move above 0.600.

• Another volume increase occurred during the pullback, indicating demand.

• If price reclaims 0.655 with strong volume, this could lead to further upside.

3. Support & Resistance Levels

Major Support Levels:

• 0.600 (Recent higher low and previous breakout level)

• 0.515 (Former resistance, now acting as support)

• 0.450 (Previous accumulation zone)

Major Resistance Levels:

• 0.655 (Recent high and rejection zone)

• 0.700 (Psychological resistance if breakout occurs)

4. Breakout & Pullback Analysis

✅ Breakout Strength:

• The breakout past 0.600 was strong, confirmed by increasing volume.

• The pullback found support at 0.600 before rebounding.

⚠️ Pullback Analysis:

• Price is hovering near 0.645, just below the recent high.

• If 0.645 fails to hold, a retest of 0.600 is possible.

5. Market Context & Trading Bias

• Primary bias: Bullish as long as price stays above 0.600.

• Bearish bias only if price closes below 0.600 with strong selling volume.

• Current price action suggests a potential breakout attempt.

6. Supply, Demand & Liquidity Analysis

• Buyers showed strong demand at 0.600, suggesting accumulation.

• If sellers fail to defend 0.655, a move to 0.700 is likely.

• Liquidity is building near 0.645, making it a key decision point.

7. Risk Management Strategy

Entry & Exit Points:
✅ Bullish Setup (Breakout Play)

• Entry: Buy if price breaks above 0.655 with volume.

• Stop-loss: Below 0.640 (recent swing low).

• Target: 0.700+ for a breakout move.

⚠️ Bearish Setup (Reversal Trade)

• Entry: Short if price breaks below 0.600 with strong selling.

• Stop-loss: Above 0.620.

• Target: 0.550–0.515.

Conclusion

• Bullish trend intact but facing resistance at 0.655.

• A breakout above 0.655 could lead to 0.700+.

• If price drops below 0.600, expect a deeper pullback.

Decision Point: Watch how price reacts near 0.645–0.655 before committing to a trade.

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.

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