UOI - 19 Mar 2025

Stock Analysis: UOI (U13) – SGX (Daily Chart)

1. Trend Analysis

• Current Trend: Uptrend
• Higher Highs & Higher Lows:
  • Higher highs at 7.50, 7.28, 7.30, 7.60
  • Higher lows at 6.98, 7.02, 7.06
• Trend Strength:
  • Strong bullish move since mid-2024, with a sharp breakout around June-July 2024
  • Price consolidating after breakout but continuing higher

2. Key Price Action Signals

• Strong Trend Bars:
  • Large bullish candle in June 2024, initiating the uptrend
  • Another breakout candle in March 2025, pushing price past 7.50
• Reversal Patterns:
  • No significant bearish reversal patterns
  • Small consolidation between July - Nov 2024 before another leg up
• Inside Bars & Doji Bars:
  • Minor consolidation near 7.00 - 7.30 with small doji bars indicating indecision before breakout

3. Support & Resistance Levels

• Support Levels:
  • 6.98 - 7.03: Previous consolidation zone, acting as new support
  • 6.29 - 6.70: Older support before major breakout
• Resistance Levels:
  • 7.50 - 7.60: Testing new highs

4. Breakout & Pullback Analysis

• Breakout Strength:
  • Strong breakout above 7.50
  • Good follow-through with rising volume
• Pullback Analysis:
  • Pullbacks have been shallow, showing strong bullish momentum
  • Recent dip to 7.42 could act as a minor pullback before continuation

5. Market Context & Trading Bias

• Current Market Structure: Strong uptrend
• Potential Trend Shift? No major bearish signals, uptrend intact
• Trader Sentiment:
  • Bullish momentum dominant
  • Price action suggests breakout traders and momentum buyers are active

6. Supply & Demand & Liquidity Analysis

• Demand Zones: 6.98 - 7.03 (previous resistance turned support)
• Supply Zones: 7.50 - 7.60 (new high, potential profit-taking area)
• Liquidity Analysis:
  • Increasing volume during breakouts supports bullish bias
  • No significant signs of exhaustion

7. Risk Management Strategy

• Entry: Buy on pullback near 7.42 - 7.50 (if bullish continuation)
• Stop-Loss: Below 7.00 (previous swing low)
• Profit Target:
  • First target 7.60 - 7.70 (short-term breakout)
  • Extended target 7.80 - 8.00 (if trend continues)

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Conclusion:

• Bullish bias remains strong.
• Watch for continuation above 7.60 or a pullback for a better entry.
• No signs of major reversal yet.

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:  2.80%