Technical Analysis of YZJ FIN HLDG (SGX: YF8) on 1D Timeframe
1. Trend Analysis
- Current Trend: Strong uptrend.
- Higher Highs & Higher Lows:
- Started an uptrend around October 2024 (~0.340 SGD).
- Higher highs: 0.445 (Oct), 0.410 (Nov), 0.660 (Mar 2025)
- Higher lows: 0.395 (Dec), 0.320 (Aug)
- Trend Strength:
- The recent price movement shows a parabolic rise with large bullish candles.
- The stock has broken multiple resistance levels with high momentum.
- No major sign of trend weakening yet.
2. Key Price Action Signals
- Strong Trend Bars:
- Large bullish candles in Feb & Mar 2025 indicate strong demand.
- March 2025 breakout with increasing volume.
- Reversal Patterns:
- No major bearish reversal patterns yet.
- Potential pullback signs may appear if a strong bearish candle forms.
- Inside Bars & Dojis:
- Some consolidation occurred around 0.410 SGD (Nov-Dec 2024).
- Doji-like candles could indicate profit-taking or hesitation.
3. Support & Resistance Levels
- Support Zones:
- 0.395 - 0.410 SGD (previous highs acting as support).
- 0.320 SGD (major swing low).
- Resistance Levels:
- 0.660 SGD (current price, testing resistance).
- If broken, potential upside target: 0.700 - 0.750 SGD.
4. Breakout & Pullback Analysis
- Breakout Strength:
- Recent breakout past 0.445 - 0.500 SGD is strong with high volume.
- Price is sustaining above the breakout zone, confirming bullish strength.
- Pullback Possibilities:
- If price pulls back, watch for a retest of 0.600 - 0.625 SGD.
5. Market Context & Trading Bias
- Overall Sentiment: Bullish.
- Signs of Trend Shift:
- No major bearish structure yet.
- If a large red candle with high volume appears, it could signal profit-taking.
- Trader Psychology:
- FOMO buying likely happening due to strong recent gains.
- Potential for pullbacks due to overextension.
6. Supply, Demand & Liquidity
- Liquidity Analysis:
- Increasing volume suggests strong institutional participation.
- Low wicks on trend bars suggest buying pressure > selling pressure.
- Trade Setups:
- Pullback Buy: If price retests 0.600 - 0.625 SGD, consider long positions.
- Breakout Play: If price clears 0.660 SGD with strength, next targets 0.700+ SGD.
7. Risk Management Strategy
- Entry:
- Buy near 0.625 - 0.640 SGD on a healthy pullback.
- Stop-Loss:
- Below 0.600 SGD (recent support zone).
- Profit Targets:
- 1st target: 0.700 SGD.
- 2nd target: 0.750 SGD (if breakout continues).
Final Thoughts
- Bullish momentum is strong but a short-term pullback is possible.
- Watch for volume and price action around support/resistance levels.
- If momentum continues, the stock could reach 0.700 - 0.750 SGD in the coming weeks.
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: 3.33%
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