Technical Analysis of Riverstone Holdings Limited (AP4) - 1D Timeframe (SGX)
1. Trend Analysis
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Overall Trend: The stock has been in a downtrend from early 2025 after peaking at 1.120 SGD in February.
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Recent Price Action:
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Lower highs: 1.070 → 1.030 → 0.945
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Lower lows: 1.030 → 0.945 → 0.880
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Signs of potential consolidation between 0.880 and 0.950.
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Trend Weakening Signs:
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Smaller bearish bars: Indicates selling momentum may be slowing.
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Overlapping candles: Suggests indecision and possible base formation.
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Volume decline during downtrend: May indicate sellers are exhausted.
2. Key Price Action Signals
Bullish Signals:
✅ Support at 0.880 SGD: Price bounced off this level twice, making it a strong demand zone.
✅ Volume spike on breakout (December 2024): Strong uptrend followed after breaking 0.930 with volume support.
✅ Pin bar formation near 0.885 SGD (November 2024): Buyers stepped in, leading to a rally.
Bearish Signals:
❌ Lower highs & lower lows: Confirm a downtrend until proven otherwise.
❌ Failure to hold above 0.950 SGD: Indicates resistance is strong.
❌ Bearish rejection wicks at 1.070 and 1.120 SGD: Shows heavy supply at these levels.
Inside Bars & Doji Signals:
🔹 Doji Candles near 0.930-0.940: Indicates indecision; potential for breakout or breakdown.
🔹 Inside bars (October 2024 - November 2024): Led to a strong breakout above 0.930.
Gap Up / Down Analysis:
📉 Gap down from 1.070 → 0.950 (March 2025): Shows strong selling pressure.
📈 Breakout from 0.880 → 1.100 (December 2024): Indicated a bullish trend shift.
3. Support & Resistance Levels
📍 Major Support Levels:
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0.880 SGD (Strong support, tested multiple times)
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0.865 - 0.870 SGD (Minor support)
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0.945 SGD (Old support, now resistance)
📍 Major Resistance Levels:
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0.950 - 0.985 SGD (Strong supply zone)
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1.020 - 1.030 SGD (Rejected twice)
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1.100 - 1.120 SGD (Major resistance from February 2025)
4. Breakout & Pullback Analysis
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December 2024 breakout (from 0.930 to 1.100) was strong, supported by volume.
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Current pullback to 0.925-0.880 may form a base for reversal.
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Breakout above 0.950 with volume = potential bullish signal.
5. Market Context & Trading Bias
🟠 Current Market Condition: Range-bound between 0.880 - 0.950 after a downtrend.
📊 Short-term bias: Bearish unless price reclaims 0.950 with strong volume.
📈 Long-term bias: Bullish if price breaks above 1.030 and holds.
Trader Sentiment (Psychology Interpretation):
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Buyers defended 0.880, but sellers dominate below 0.950.
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Indecision (Doji & small bars) shows market waiting for a catalyst.
6. Supply, Demand & Liquidity Analysis
📊 High Supply Zones: 0.950 - 1.100 (Trapped long positions from previous uptrend).
📊 Strong Demand Areas: 0.880 - 0.885 (Buyers stepped in multiple times).
📈 High Liquidity Traps: 1.030 - 1.070 (False breakout & rejection).
7. Trade Setups & Risk Management Strategy
Bullish Setup (If price holds above 0.930-0.950)
📌 Entry: Above 0.950 SGD after confirmation.
🎯 Target: 1st 1.020, 2nd 1.100
⛔ Stop-Loss: Below 0.920 SGD
Bearish Setup (If price breaks below 0.880)
📌 Entry: Below 0.870 SGD after confirmation.
🎯 Target: 0.850 → 0.800
⛔ Stop-Loss: Above 0.900 SGD
Conclusion: Watch for Key Levels!
✅ Break above 0.950 → Bullish bias
✅ Break below 0.880 → Bearish bias
⚠️ Current Range: Wait for confirmation before entering a trade.
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: 6.31%
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