Ho Bee Land - 05 Apr 2025

Ho Bee Land Ltd (SGX: H13) on the 1-Day timeframe

📈 1. Trend Analysis

• Current Trend: Neutral-to-Slight Bullish Reversal

  • Price previously in downtrend (Oct 2024–Feb 2025), now forming higher lows from the bottom at 1.71 SGD.

  • Last notable higher low: 1.71 → Recent highs at 1.80 and close at 1.79 suggest a potential base formation.

• Most Recent Highs/Lows:

  • Lower Highs: 2.04 → 1.99 → 1.97 → 1.90 → 1.84 → 1.80

  • Higher Lows: 1.71 (Mar) > 1.76 > 1.78 (Apr 4)

• Trend Weakness Signs:

  • Smaller bar sizes, overlap in recent price bars.

  • Volume declining during early March bounce → suggests weak buyer commitment.

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📌 2. Key Price Action Signals

• Volume Spike Bars:

  • April 4, 2025: Slight volume uptick, small-bodied red candle. Indicates indecision or temporary rejection near resistance (1.80 SGD).

  • Feb low near 1.71: Large volume + long lower wick → likely demand zone / buyer absorption.

• Pin Bars & Engulfing:

  • Mid-Feb to early March: Series of small-bodied candles + long wicks → base forming around 1.71 - 1.76, strong evidence of buying pressure.

• Gap Analysis:

  • No major gaps observed recently, suggesting controlled market behavior, not panic or euphoria.

• Inside Bars:

  • Several small candles inside the prior bars from late March → tight consolidation before testing 1.80 resistance.

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🧱 3. Support & Resistance Levels

• Major Support Zones:

  • 1.71 SGD: Strong demand (multiple bounces, long wicks, high volume)

  • 1.64 SGD (Feb 2024 swing low)

  • 1.70 SGD: Psychological level and prior bounce point

• Major Resistance Zones:

  • 1.80 – 1.85 SGD: Current rejection zone

  • 1.89 - 1.90 SGD: Historical resistance band (Oct–Dec 2024)

  • 1.99 – 2.04 SGD: Last major swing highs

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💥 4. Breakout & Pullback Analysis

• Current Setup: Testing 1.80 resistance

  • Candle on Apr 4 shows rejection at 1.80, closed near low → not a strong breakout bar

  • Needs a clean break above 1.80 with volume surge to validate upside breakout

• Pullback Action:

  • Previous pullbacks from Jan–Feb respected lower levels (1.76, 1.71)

  • Current up move is gradual, not impulsive → bullish pullback structure forming

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🌐 5. Market Context & Trader Psychology

• Current Phase: Base building → early accumulation phase

• Trader Sentiment:

  • Indecision near 1.80 suggests seller hesitation

  • Long wicks on lows show fear absorption

  • Traders likely waiting for confirmation breakout above 1.80–1.85

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🧃 6. Supply, Demand & Liquidity Zones

• Demand Zones:

  • 1.70 – 1.76 SGD: Accumulation zone, high probability for pullback buy setups

• Supply Zones:

  • 1.85 – 1.90 SGD: Multiple prior rejections

  • 2.00+ SGD: Previous bull trap zone

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🎯 7. Risk Management Strategy

• Entry (Breakout Play):

  • Entry trigger: Above 1.81–1.82 SGD on strong bullish candle + volume confirmation

• Stop Loss:

  • Below 1.76 SGD, or tighter under 1.78 SGD recent swing low

• Target Zones:

  • TP1: 1.89

  • TP2: 1.97

  • TP3: 2.04 (aggressive target)

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📊 Final Thoughts:

• Bias: Mildly bullish with a breakout watch above 1.80

• Confirmation Needed: Volume + strong close over 1.80

• Trade Setup: Watch for breakout plays, or wait for a pullback to 1.76–1.71 for long entries

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: 1.68%