F&N - 02 May 25

F&N (F99.SI) on SGX, Daily Timeframe (as of May 2, 2025)

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1. Trend Analysis

• Current Market Phase: Ranging to weak downtrend

• Recent Highs/Lows:

  • Higher high: ~1.41 (early October)

  • Lower high: ~1.35 (mid-March)

  • Recent low: 1.06 (mid-April) – new swing low confirming weakening structure

• Trend Observation:

  • A strong rally peaked near 1.41 but was followed by sideways movement and then lower highs.

  • Price broke below 1.25 support, hit 1.06, and bounced—indicating potential accumulation or short-term capitulation.

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2. Key Price Action Signals

• Strong Trend Bars:

  • Early October: Several bullish bars with rising volume push price from ~1.24 to 1.41—strong momentum.

  • Mid-April: A massive red bar with high volume dropped price to 1.06—a potential capitulation bar or liquidity trap.

• Reversal Signals:

  • The large wick down to 1.06 followed by a bullish reversal suggests a pin bar or hammer—indicating buyer presence.

  • Bullish engulfing bar seen after the 1.06 low, suggesting a reversal attempt.

• Volume Spikes:

  • April’s sharp drop to 1.06 came with very high volume and a bullish recovery bar, closing higher—suggests demand absorbing supply.

  • Recent bounce from 1.11 to 1.22 also has higher-than-average volume—bullish interest, but less conviction.

• Gap Bars:

  • Minor gap downs seen before the 1.06 drop—led to continuation of the down move.

• Doji Bars:

  • Dojis observed in February and March near 1.35—signals indecision at resistance, preceding the downturn.

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3. Support & Resistance

• Major Resistance Zones:

  • 1.41 (October high)

  • 1.35–1.38 (confluence zone, rejected multiple times)

  • 1.30 (prior swing high, now resistance)

• Support Levels:

  • 1.11 (August low)

  • 1.06 (April low; psychological and price support)

  • 1.24–1.25 (recent breakdown point; now acting as resistance)

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4. Breakout & Pullback Analysis

• Breakouts:

  • October rally was a confirmed breakout with volume—sustained till November.

  • April’s breakdown below 1.25 was a strong bearish breakout, followed by a high-volume reversal.

• Pullbacks:

  • Current move from 1.06 to 1.22 resembles a pullback to broken support (1.24–1.25). Key area to watch for bearish rejection or reclaim.

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5. Market Context & Trading Bias

• Market Condition: Transitional — from range to potential downtrend

• Psychology:

  • April’s sharp drop suggests panic/fear.

  • Current bounce indicates hope or bargain buying, but strength yet to be confirmed by a breakout above 1.25.

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6. Supply, Demand & Liquidity

• Demand Zones: 1.06–1.11 (buyers defended strongly here)

• Supply Zones: 1.30–1.35 (multiple rejections, potential liquidity trap)

• Potential Setups:

  • Pullback Short near 1.25 if price rejects and forms bearish engulfing or pin bar.

  • Breakout Buy only if price closes strongly above 1.30 with volume.

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7. Risk Management Strategy (Educational Example Only)

• Potential Entry: Near 1.25 if rejected with confirmation (e.g., bearish pin bar)

• Stop Loss: Just above 1.30 (resistance buffer)

• Target: Retest of 1.11 or 1.06 support

• Reward/Risk Ratio: ~2:1 if targeting 1.11 with 1.30 stop

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📍Summary View:
The stock F99.SI (F&N) is currently transitioning from a ranging market to a possible downtrend. The sharp sell-off to 1.06 followed by a bounce highlights a key inflection point. Price is now testing the 1.22–1.25 zone, which may serve as a battleground between supply and demand. Volume patterns suggest caution.

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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