Vicom - 25 Apr 2025

VICOM LTD (SGX: WJP) – 1D Chart Analysis (as of April 25, 2025)

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1. Trend Analysis

• Overall Trend:

  • From June 2024 to around March 2025, the stock was largely range-bound between ~SGD 1.30 and SGD 1.36.

  • Recent breakout in April 2025 with a strong push up to SGD 1.38 shows early signs of an uptrend.

• Recent Higher Highs and Lows:

  • Higher low: 1.22 (early April 2025)

  • Higher high: 1.38 (April 25, 2025)

• Trend Weakness Clues:

  • Before the breakout, small overlapping candles and lots of tight-range bars showed market indecision.

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2. Key Price Action Signals

• Strong Trend Bars:

  • April's last few candles are strong bullish bars with solid bodies and small/no wicks.

  • Follow-through: Immediate follow-through to the upside, indicating strong buying pressure.

• Reversal Patterns:

  • Around March, there were several small-bodied candles (dojis) near SGD 1.30, showing a base forming after a down move.

• Inside Bars:

  • Late March–early April: multiple inside bars during tight consolidation near SGD 1.30–1.32.

• Volume Spikes:

  • Big volume spike on the large bullish candle from SGD 1.22 to 1.34 — very strong move:

    • Candle closed near the high.

    • Suggests a breakout with conviction.

• Gap Analysis:

  • Minor gap up behavior visible before the recent push (no major unfilled gaps though).

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3. Support & Resistance Levels

• Support Zones:

  • SGD 1.22–1.27 (strong buyer defense in April)

  • SGD 1.30 (historical support, now flipped to minor support)

• Resistance Zones:

  • SGD 1.39–1.40 (next critical resistance zone from previous highs in August 2024)

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4. Breakout & Pullback Analysis

• Breakout:

  • April breakout strong:

    • Wide bullish bars.

    • High volume.

    • Minimal upper wicks.

• Pullbacks:

  • Small pullbacks during the climb suggest healthy trending behavior (no deep retracements yet).

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5. Market Context & Trading Bias

• Market State:

  • Transitioning from range-bound to early uptrend.

• Trader Psychology:

  • Fear and indecision dominated late 2024 (tight ranges).

  • Shift to greed/optimism seen with strong breakouts and buying volume in April 2025.

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6. Supply, Demand & Liquidity Analysis

• Supply Zones:

  • Near SGD 1.39–1.40: prior selling seen (watch for resistance).

• Demand Zones:

  • SGD 1.22–1.30: strong accumulation.

• Potential Setups:

  • Pullback Buy near SGD 1.30–1.34 if revisited.

  • Breakout Play if price cleanly breaks SGD 1.40 with volume confirmation.

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7. Risk Management Strategy (Educational Example)

• Entry Idea:

  • Breakout confirmation above SGD 1.40 or pullback to SGD 1.30–1.34.

• Stop-loss Zone:

  • Below recent swing low, around SGD 1.22–1.25.

• Profit-taking Zones:

  • First target around SGD 1.40–1.42.

  • Trailing stop for higher moves beyond.

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⚡ Final Notes:

This bar-by-bar analysis reveals early strength and breakout confirmation for VICOM LTD.
The recent surge is supported by high volume, clean price structure, and key breakout above prior ranges.

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:  4.06%