Bukit Sembawang - 29 Apr 25

Bukit Sembawang (SGX: B61) – Daily Chart as of April 29, 2025

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1. Trend Analysis

• Overall Structure: The chart shows a range-bound market from late 2024 to April 2025, fluctuating between approximately SGD 3.50 and SGD 3.68, with temporary expansions to 3.88 (high) and 3.22 (low).

• Recent Trend:

  • Mid-April to April 29, 2025: A short-term rebound from a steep sell-off (3.63 → ~3.30) has taken price back to SGD 3.50.

  • No clear higher high or lower low was established, suggesting indecision.

• Trend Weakness Indicators:

  • Repeated touches at 3.51 and 3.62–3.68 suggest sideways pressure.

  • Bars often overlap, with many small-bodied candles.

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2. Key Price Action Signals

• Volume Spikes:

  • Late March & Mid-April: Large red bars with sharp volume spikes show strong selling (3.63 drop). Bars closed near the low → bearish conviction.

  • Mid-to-late April: Large bullish volume on green bars with closes near highs → bullish reaction to oversold conditions.

• Reversal Signals:

  • April mid-month: Long lower wick pin bars after deep drop to ~3.30 → rejection of lower prices.

• Inside Bars / Dojis:

  • Multiple inside bars in Jan–Feb suggest consolidation and indecision around 3.50–3.57.

• Gap Bars:

  • A minor gap-down in April (after 3.63) leads to immediate bearish continuation, not reversal → bearish gap confirmation.

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3. Support & Resistance

• Support Zones:

  • SGD 3.50–3.51: Multiple bounces (Dec, Feb, Apr).

  • SGD 3.30: April's sharp reversal low.

• Resistance Zones:

  • SGD 3.63–3.68: Recent swing highs and failed breakouts.

  • SGD 3.88: Major swing high from October 2024.

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4. Breakout & Pullback Analysis

• False Breakouts:

  • Several attempts to break 3.62–3.68 in Q1 2025 failed, often followed by pullbacks.

• Recent Pullback:

  • The April rebound shows V-shaped recovery, no clear pullback structure.

• Pullback Respecting Key Levels:

  • Price often respects the 3.50 level as both support and inflection point.

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5. Market Context & Trading Bias

• Current Bias: Neutral-to-bullish short-term, inside a larger sideways structure.

• Transition Signals:

  • April's sell-off and recovery suggest increased volatility and possible range expansion.

• Trader Psychology:

  • Fear evident in strong sell bars with volume (mid-April).

  • Greed/hope on rapid bounce (late-April).

  • Indecision around 3.50 shown by dojis and narrow bars.

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6. Supply, Demand & Liquidity

• Demand Zones:

  • SGD 3.30–3.35: Rapid buy-up after mid-April dip.

• Supply Zones:

  • SGD 3.63–3.68: Sellers consistently appear on approach.

• Liquidity Traps:

  • False break above 3.67 in March likely trapped breakout buyers.

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7. Risk Management Strategy (Hypothetical for Study)

For Educational Use Only

• Entry Idea: Pullback to SGD 3.45–3.48 if bullish continuation is expected.

• Stop-Loss: Below recent low ~SGD 3.30.

• Take-Profit Zones: Partial at SGD 3.63, final around SGD 3.68–3.88 (historical highs).

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📌 Summary Bukit Sembawang (B61.SI) is showing sideways movement with strong demand around SGD 3.30–3.50 and consistent selling above SGD 3.63. Recent volume surges and V-shaped rebound indicate increased interest, but the range persists until a decisive 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.

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