Stock Analysis: Singapore Post Limited (S08.SI) | SGX | 1D Chart
1. Trend Analysis
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Current Trend: Uptrend
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Higher Highs & Higher Lows: The stock has been forming higher lows and higher highs since October 2024.
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Trend Weakness? No significant weakness observed. Recent price action shows strong upward momentum, breaking above resistance at 0.585 and hitting 0.615.
2. Key Price Action Signals
Strong Trend Bars & Follow-Through
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The latest candle is a strong bullish bar with a wide range and close near the high (0.615), signaling strong buying pressure.
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Previous days showed consolidation, but the breakout occurred with a sharp rally.
Reversal Patterns
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No clear bearish reversal signals. The last pullback (mid-February) led to strong continuation.
Inside Bars & Doji Bars
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Several inside bars were observed in early March, leading to a breakout.
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No major doji bars detected in the recent trend, indicating that there is no strong indecision.
Volume Spikes & Price Action Correlation
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Today’s candle (March 28, 2025) shows a large bullish bar with a strong volume spike, suggesting an increase in institutional interest.
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Volume also spiked in mid-December 2024, which was followed by a sharp rally to 0.600.
Gap Up/Down Analysis
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No significant gaps observed in the recent uptrend.
3. Support & Resistance Levels
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Major Support Levels: 0.545, 0.530, 0.500
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Major Resistance Levels: 0.600, 0.630 (next potential resistance)
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Breakout Zone: 0.585, which acted as a strong resistance before being broken today.
4. Breakout & Pullback Analysis
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Breakout Strength: Strong, confirmed with high volume.
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Pullback Structure: Past pullbacks respected 0.500-0.530 levels before reversing higher.
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Key Observation: If the price remains above 0.600, continuation toward 0.630+ is likely.
5. Market Context & Trading Bias
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Current Market State: Strong uptrend, breaking previous resistance.
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Trend Shift? No clear signs of trend reversal yet.
6. Supply, Demand & Liquidity Analysis
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Demand Zone: 0.545 - 0.570 (previous consolidation zone before the breakout).
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Liquidity Trap? Not observed yet, but if price fails to hold above 0.600, a liquidity trap could occur.
7. Risk Management Strategy
Potential Trade Setups:
1. Breakout Continuation Buy:
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Entry: Above 0.615 after a retest of 0.600
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Stop Loss: Below 0.585
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Target: 0.630 - 0.650
2. Pullback Buy:
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Entry: Around 0.585 - 0.600
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Stop Loss: Below 0.570
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Target: 0.630
Conclusion:
Singapore Post (S08.SI) is in a strong uptrend, breaking key resistance levels with high volume. A continuation to 0.630+ is possible if 0.600 holds as support. Pullbacks to 0.585-0.600 could offer buy opportunities.
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: 1.46%
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