Wednesday, April 30, 2025

Singapore Land Group - 30 Apr 25

  • Stock Name: Singapore Land Group Ltd

  • Stock Code: U06

  • Exchange: SGX (Singapore Exchange)

  • Timeframe: Daily (1D)

  • Last Price: SGD 2.00 (as of April 30, 2025)


🔍 1. Trend Analysis

🟩 Current Market Structure:

  • Primary Trend: Uptrend

  • Since early January 2025, the stock shows a clear pattern of higher highs and higher lows.

  • Most recent higher high: 2.04 (March 2025)

  • Most recent higher low: 1.81 (mid-April 2025)

⚠️ Trend Weakness Observations:

  • Post-March, price showed overlapping bars and multiple rejections near resistance at 2.04.

  • 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:

DateSignal TypeObservations
Early Jan 2025Breakout + Volume SpikeStrong bull trend bars with volume surged past 1.74, breaking multi-month resistance.
Feb 2025Pullback with Pin BarRejected low at 1.81 with wick down—strong bullish pin bar and recovery.
March 2025Large Bull Bar (2.04)Strong continuation bar that marked a local top.
Mid-April 2025Bearish Engulfing + PinWick below 1.81, but bulls rejected lows—bullish reversal setup.
Apr 30, 2025Inside Bar/DojiSmall range, indecision candle just below 2.04 resistance. Could break out or retrace.

🔹 Volume Analysis:

  • Volume spikes align with breakout attempts and support retests (e.g., January, March, mid-April).

  • Doji and Inside bars with low volume often appear before breakout attempts.

🔹 Gap Analysis:

  • Minor gap-up observed in January 2025 led to a continuation rally.

  • No significant unfilled gaps or island reversals noted.


🧱 3. Support & Resistance Levels

Level (SGD)TypeStatus
2.04ResistanceLocal top; multiple rejections here.
1.95Minor ResistanceShort-term resistance zone.
1.81SupportRecent higher low; key bull defense.
1.74Major SupportTriple bottom across months (Oct, Dec, Jan).
1.84-1.85IntermediateOld swing highs; minor zone.

💥 4. Breakout & Pullback Analysis

  • January 2025 breakout: Clean move above 1.74 with high volume = strong confirmation.

  • Pullback in Feb: Formed a potential bull flag; rejection at 1.81 led to higher high (2.04).

  • Recent rally: Pullback to 1.81 in April shows a double bottom, a bullish setup.

  • The current bar (April 30) is testing prior resistance at 2.04, potentially forming a breakout base.


🌐 5. Market Context & Trading Bias

  • Bias: Bullish (but cautious near resistance)

  • The market shows consistent buyer interest at pullbacks.

  • Psychological levels like SGD 2.00 and round numbers play a strong role in resistance/support.

  • Traders appear to be testing breakout strength, likely awaiting confirmation before committing higher.


🧲 6. Supply, Demand & Liquidity Zones

  • Demand Zones:

    • 1.74–1.81: Strong institutional demand zone; every dip here has been bought aggressively.

  • Supply Zones:

    • 2.00–2.04: Sellers actively defend this region; break above 2.04 could spark rally to 2.10–2.20.

Trade Setups:

  • Breakout Play: Buy on break above 2.04 with strong volume.

  • Pullback Buy: Long near 1.95–1.96 if price pulls back post-breakout.

  • 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 TypeEntryStop-LossTake Profit
Breakout BuyAbove 2.04 (e.g., 2.06)Below 1.952.20 / 2.28
Pullback BuyNear 1.95–1.96Below 1.812.04 / 2.10
Reversal ShortAt resistance 2.04 with bearish confirmationAbove 2.061.95 / 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%



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