Sing Inv & Fin - 19 Mar 2025

Stock Analysis: SING INV & FIN (SGX: S35) – 1D Chart Breakdown

1. Trend Analysis

• Current Trend: The stock is in an uptrend.
• Higher Highs & Higher Lows:
  • The price has consistently made higher lows (HL) and higher highs (HH) since mid-2024.
  • Recent highs: 1.07, 1.08, 1.10, and 1.14.
  • Recent lows: 1.01, 1.04, 1.07.
• Trend Weakening?
  • The trend remains intact with no major reversal signals.
  • However, some smaller-bodied candles near the recent high (1.14) indicate possible resistance.

2. Key Price Action Signals

• Strong Trend Bars:
  • The breakout past 1.10 and 1.14 had strong bullish momentum.
• Reversal Patterns:
  • No clear engulfing or pin bar reversals.
  • Some long wicks at 1.14 indicate sellers stepping in.
• Inside Bars & Doji Candles:
  • Minor consolidation periods are observed, but no major indecision at key levels.

3. Support & Resistance Levels

• Support:
  • 1.08 (Previous breakout level).
  • 1.04 (Recent higher low).
  • 1.01 (Major support level from past price action).
• Resistance:
  • 1.14 (Current highest price, acting as resistance).

4. Breakout & Pullback Analysis

• Breakout Strength:
  • The breakout past 1.10 was strong.
  • Recent candles suggest profit-taking near 1.14.
• Pullbacks:
  • Price has pulled back slightly but remains above key support (1.08).

5. Market Context & Trading Bias

• Current Trend: Bullish.
• Potential Trend Shift?
  • If the stock fails to break above 1.14, a pullback to 1.08-1.10 is likely.
• Trader Psychology:
  • Bullish sentiment dominates, but profit-taking pressure near highs.

6. Supply, Demand & Liquidity Analysis

• Demand Zones: 1.08 & 1.04 (Buying interest observed).
• Supply Zones: 1.14 (Sellers stepping in).
• Liquidity Analysis:
  • Recent high volume near highs suggests strong interest but potential exhaustion.

7. Risk Management Strategy

• Entry: Consider buying if price pulls back to 1.08-1.10.
• Stop-Loss: Below 1.04 to protect against trend reversal.
• Take-Profit Targets:
  • First TP: 1.14 (recent high).
  • Second TP: 1.20+ if breakout sustains.

Conclusion:

• Bullish bias remains strong.
• Watch for a break above 1.14 or pullback to 1.08 for better entries.
• If 1.04 breaks down, reconsider long positions.

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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