BRC Asia - 23 Apr 2025

BRC Asia Ltd (SGX: BEC) on the 1-Day timeframe, as of April 23, 2025.

📈 1. Trend Analysis

• Primary Trend: Clear uptrend from November 2024 to February 2025. Price has consistently made higher highs and higher lows.

• Recent Structure:

  • Higher low: ~2.30 (mid-Dec)

  • Higher high: 3.00 → 3.15

  • Recent pullback respected ~2.80, followed by a rebound.

• Possible Weakness Detected:

  • Between March–early April, price hit a double top at 3.15, followed by a strong sell-off (indicating supply).

  • Bars became smaller and more overlapping before the recent bounce.

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⚡ 2. Key Price Action Signals

✅ Strong Trend Bars

• Late January–Feb: Consecutive green candles from ~2.47 → 3.00 with expanding volume. Strong buyer control.

• Recent Bar (Apr 23): Bullish candle, closed near high at 3.07, slight volume spike. Positive sentiment.

❗ Reversal Patterns

• Double Top at 3.15: Seen in Feb and March → triggered a pullback.

• April 10–11: Large red bar, sharp sell-off below 2.80 → potential fear-based liquidation.

• Quick Recovery: Suggests buyers absorbed supply.

📉 Inside/Doji Bars

• Late March: Multiple small-bodied candles, sign of indecision.

• Potential breakout zones around 3.00 were tested several times.

📊 Volume Spikes

• Early February: Breakout above 3.00 was accompanied by significant volume.

• April 10: Big volume red bar with lower wick — demand absorbed selling pressure.

• April 22–23: Volume increasing again with rising price, indicating bullish interest.

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🧱 3. Support & Resistance Zones

• Support Levels:

  • 2.30 (multiple tests: Nov, Dec)

  • 2.80 (recent bounce zone)

• Resistance Levels:

  • 3.00 psychological level (acted as both resistance and support)

  • 3.15 (double top — strong selling pressure)

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🔓 4. Breakout & Pullback Analysis

• Breakout (Feb 2025): Above 3.00, strong confirmation via volume.

• Pullback: Reversal from 3.15 to ~2.75 in April.

  • Formed a bull flag pattern.

  • Recent break above 3.00 could be signaling continuation.

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📊 5. Market Context & Trading Bias

• Current Context: Stock appears to be recovering from a double-top correction.

• Bias: Leaning bullish short-term, as price reclaimed 3.00 with momentum.

• Psychology: April correction = fear/liquidation. Recent bounce = return of buyer confidence.

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🧠 6. Supply, Demand & Liquidity

• Demand Zone: Around 2.80, where large wicks and volume show buyers stepping in.

• Supply Zone: Clearly seen at 3.15 — needs a strong breakout for trend continuation.

• Liquidity Trap: Possible bear trap on April 10–11 where price sharply dropped then reversed.

🔍 Potential Setups:

• Pullback Buy: Entry on dip toward 3.00 with tight stop under 2.95.

• Breakout Play: Entry on break above 3.15 with volume confirmation.

• Reversal Trade: Short setup if price rejects 3.15 again and forms bearish engulfing.

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🛡️ 7. Risk Management Strategy

• Entry:

  • Conservative: Buy on retest of 3.00 after recent breakout.

  • Aggressive: Buy on breakout above 3.15.

• Stop-Loss:

  • Just below 2.95 (below recent lows and psychological level).

• Take Profit:

  • TP1: 3.15 (prior high)

  • TP2: 3.30–3.35 (projected move based on flag pattern breakout)

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:  5.61%