Stock Name: Singapore Land Group Ltd
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Stock Code: U06
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Exchange: SGX (Singapore Exchange)
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Timeframe: Daily (1D)
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Last Price: SGD 2.00 (as of April 30, 2025)
🔍 1. Trend Analysis
🟩 Current Market Structure:
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Primary Trend: Uptrend
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Since early January 2025, the stock shows a clear pattern of higher highs and higher lows.
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Most recent higher high: 2.04 (March 2025)
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Most recent higher low: 1.81 (mid-April 2025)
⚠️ Trend Weakness Observations:
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Post-March, price showed overlapping bars and multiple rejections near resistance at 2.04.
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However, the bounce from 1.81 shows strong buying intent, indicating bulls are still in control.
🔎 2. Key Price Action Signals
🔹 Notable Bars & Candlestick Formations:
Date | Signal Type | Observations |
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Early Jan 2025 | Breakout + Volume Spike | Strong bull trend bars with volume surged past 1.74, breaking multi-month resistance. |
Feb 2025 | Pullback with Pin Bar | Rejected low at 1.81 with wick down—strong bullish pin bar and recovery. |
March 2025 | Large Bull Bar (2.04) | Strong continuation bar that marked a local top. |
Mid-April 2025 | Bearish Engulfing + Pin | Wick below 1.81, but bulls rejected lows—bullish reversal setup. |
Apr 30, 2025 | Inside Bar/Doji | Small range, indecision candle just below 2.04 resistance. Could break out or retrace. |
🔹 Volume Analysis:
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Volume spikes align with breakout attempts and support retests (e.g., January, March, mid-April).
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Doji and Inside bars with low volume often appear before breakout attempts.
🔹 Gap Analysis:
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Minor gap-up observed in January 2025 led to a continuation rally.
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No significant unfilled gaps or island reversals noted.
🧱 3. Support & Resistance Levels
Level (SGD) | Type | Status |
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2.04 | Resistance | Local top; multiple rejections here. |
1.95 | Minor Resistance | Short-term resistance zone. |
1.81 | Support | Recent higher low; key bull defense. |
1.74 | Major Support | Triple bottom across months (Oct, Dec, Jan). |
1.84-1.85 | Intermediate | Old swing highs; minor zone. |
💥 4. Breakout & Pullback Analysis
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January 2025 breakout: Clean move above 1.74 with high volume = strong confirmation.
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Pullback in Feb: Formed a potential bull flag; rejection at 1.81 led to higher high (2.04).
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Recent rally: Pullback to 1.81 in April shows a double bottom, a bullish setup.
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The current bar (April 30) is testing prior resistance at 2.04, potentially forming a breakout base.
🌐 5. Market Context & Trading Bias
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Bias: Bullish (but cautious near resistance)
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The market shows consistent buyer interest at pullbacks.
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Psychological levels like SGD 2.00 and round numbers play a strong role in resistance/support.
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Traders appear to be testing breakout strength, likely awaiting confirmation before committing higher.
🧲 6. Supply, Demand & Liquidity Zones
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Demand Zones:
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1.74–1.81: Strong institutional demand zone; every dip here has been bought aggressively.
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Supply Zones:
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2.00–2.04: Sellers actively defend this region; break above 2.04 could spark rally to 2.10–2.20.
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✅ Trade Setups:
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Breakout Play: Buy on break above 2.04 with strong volume.
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Pullback Buy: Long near 1.95–1.96 if price pulls back post-breakout.
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Reversal Short (speculative): If price fails to break 2.04 again with a bearish engulfing, short targeting 1.95/1.81.
🛡️ 7. Risk Management Strategy
Strategy Type | Entry | Stop-Loss | Take Profit |
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Breakout Buy | Above 2.04 (e.g., 2.06) | Below 1.95 | 2.20 / 2.28 |
Pullback Buy | Near 1.95–1.96 | Below 1.81 | 2.04 / 2.10 |
Reversal Short | At resistance 2.04 with bearish confirmation | Above 2.06 | 1.95 / 1.85 |
📌 Conclusion:
Singapore Land Group (U06) is in a confirmed uptrend, with strong support at 1.81 and testing a critical resistance at 2.04. Volume and bar analysis suggest bullish momentum, but caution is needed at resistance. A breakout above 2.04 with volume can trigger strong bullish continuation, while failure to hold 2.00 could result in a healthy pullback.
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%