Technical Analysis of VALUE MAX (T6I) – 1D Timeframe (SGX)
1. Trend Analysis
✅ Overall Trend: The stock is in an uptrend, evident from a series of higher highs (HH) and higher lows (HL) starting from late 2023.
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Higher Highs (HH):
- Nov 2023: 0.340
- March 2024: 0.405
- July 2024: 0.470
- March 2025: 0.510
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Higher Lows (HL):
- Nov 2023: 0.290
- Feb 2024: 0.315
- June 2024: 0.390
- Dec 2024: 0.425
🔸 Trend Strength & Weakness:
- The uptrend gained momentum after breaking out above 0.40 in March 2024, followed by strong follow-through.
- Recent bars show some retracement from 0.510, suggesting a short-term pullback.
- If price holds above 0.470 (previous resistance turned support), the uptrend remains intact.
2. Key Price Action Signals
✅ Strong Trend Bars:
- The breakout bar in March 2024 had strong volume and a large bullish body, confirming bullish momentum.
- Dec 2024 to March 2025: Several strong trend bars leading to the 0.500 breakout.
🚨 Reversal Signals:
- The most recent bar has a long upper wick, suggesting selling pressure near 0.510.
- A potential pullback or consolidation could follow before another breakout attempt.
🔸 Inside Bars & Doji:
- Feb 2024: Small inside bars before a strong breakout.
- Nov 2024: Doji formed at 0.470 resistance, signaling indecision before a continuation.
3. Support & Resistance Levels
✅ Major Resistance Levels:
- 0.510 (New High & Current Resistance)
- 0.470-0.465 (Previous high, needs to hold as support for further upside)
- 0.435 (Minor resistance, previously tested)
✅ Major Support Levels:
- 0.425 (Key higher low) – If broken, uptrend may weaken.
- 0.390 (Last major swing low) – Strong demand zone.
4. Breakout & Pullback Analysis
🔸 Breakout Strength:
- The 0.470 breakout had strong momentum, but the 0.510 breakout is facing some selling pressure.
- If price closes above 0.500 with strong volume, further upside is likely.
✅ Pullback Analysis:
- If price pulls back, 0.470 and 0.425 are key levels to watch.
- If a bullish rejection occurs at support, it may provide a buy-the-dip opportunity.
5. Market Context & Trading Bias
🔸 Current Context:
- The stock is in an uptrend, but short-term retracement could be happening.
- Bullish bias remains valid unless price falls below 0.425.
🚨 Possible Trend Shift Signals:
- A strong close below 0.425 would signal potential trend reversal or deeper correction.
- If price fails to reclaim 0.500 quickly, a sideways range may develop.
6. Supply & Demand & Liquidity Analysis
🔸 Liquidity Traps:
- The long wick at 0.510 suggests sellers absorbing liquidity, possibly triggering a temporary reversal.
- If buyers step in above 0.470, another breakout attempt could occur.
✅ Potential Trade Setups:
- Pullback Buy: If price retests 0.470 with bullish confirmation, an entry could be considered.
- Breakout Play: A daily close above 0.510 with strong volume could confirm further upside.
7. Risk Management Strategy
🎯 Trade Plan:
- Entry: Buy on pullback to 0.470 or breakout above 0.510.
- Stop-Loss: Below 0.425 to protect against deeper corrections.
- Take Profit Levels:
- 0.550 (short-term target)
- 0.600 (longer-term potential target)
🔍 Summary & Next Steps:
✅ Overall Bias: Bullish (but needs confirmation above 0.510)
✅ Key Levels to Watch: 0.470 (support) & 0.510 (resistance)
🚨 Warning: A close below 0.425 could signal a deeper correction.
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: 4.44%
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