Frasers Centrepoint Trust (J69U.SI) on the Singapore Exchange (SGX) using the daily chart (1D) as of May 6, 2025.
📊 1. Trend Analysis
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Current Trend: The stock was in a downtrend from September 2024 to March 2025, with lower highs/lows like 2.41 → 2.29 → 2.17 → 2.04 → 2.03.
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Recent Development: A strong trend reversal is now underway:
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Higher lows: 2.03 → 2.04 → 2.23 (April)
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Higher highs: 2.16 → 2.23 → 2.28 (current)
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Momentum Shift: Large bullish bars in late March and mid-April signal a transition from downtrend to uptrend, supported by increased volume.
🧭 2. Key Price Action Signals
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Strong Bullish Bars:
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Late March: A large green bar off 2.03 with volume spike – bullish rejection of prior low.
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Mid-April: Breakout above 2.16 resistance with follow-through, confirms bullish intent.
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Pin Bars & Rejections:
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Dec 2024: Multiple failed attempts to break 2.17 show selling pressure.
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April 2025: Long wick down on test of 2.10 with strong bullish close – bullish pin bar.
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Inside Bars:
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Jan–Feb 2025: Sideways movement near 2.10 with multiple small-bodied candles – consolidation zone.
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Volume Spikes:
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March 2025: Spike on breakout from 2.04 → 2.23.
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Large body, close near high = strong breakout.
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Late April: Rising volume as price breaks above swing highs = bullish conviction.
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Gap Bars:
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Minor gap-downs in late 2024 led to continuation of the downtrend.
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No recent gaps; movement has been gradual and confirmed by volume.
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🔁 3. Support & Resistance Levels
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Major Resistance:
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2.30 (tested multiple times: Sept & May)
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2.41 (major high in Sept 2024)
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Major Support:
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2.03 (March 2025 low and reversal point)
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2.10 (held as support repeatedly in Jan–Feb)
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2.23 (was resistance in 2024, now acting as support)
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📈 4. Breakout & Pullback Analysis
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Confirmed Breakout: Above 2.23 and 2.16 with strong volume and large bullish candles.
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Pullback Setup:
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Pullback from 2.28 toward 2.23 (former resistance turned support) could be a bullish retest.
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Flag Formation:
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April movement shows bullish flag breakout after brief consolidation at 2.10–2.16.
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📌 5. Market Context & Trading Bias
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Transition Phase: March 2025 marked shift from accumulation to trend.
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Bias: Bullish based on higher highs/lows and volume-backed breakouts.
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Psychology:
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Past indecision around 2.10–2.17 (tight ranges).
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Strong commitment seen as price cleared 2.23–2.28, suggesting greed/optimism emerging.
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💧 6. Supply, Demand & Liquidity Analysis
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Demand Zone: 2.03–2.10 supported price multiple times; current rally stems from there.
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Liquidity Clusters:
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Breakout candles show liquidity sweep of prior highs (2.17 and 2.23).
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Setup Types:
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Pullback Buy around 2.23 support.
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Breakout Play confirmed at 2.28 toward testing 2.30–2.41.
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Watch for Reversal Trade if 2.30 fails repeatedly on high volume rejection.
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🛡️ 7. Risk Management Strategy (Hypothetical/Informational)
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Potential Entry: Hypothetical break-and-retest at 2.23 (support zone).
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Stop-Loss Level: Below 2.10 or 2.03 (invalidates breakout structure).
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Profit Target Areas: 2.30 (short-term test), 2.41 (previous high).
📌 Summary
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Ticker: Frasers Centrepoint Trust (SGX: J69U)
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Chart Type: Daily (1D)
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Date: May 6, 2025
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Close Price: SGD $2.28
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Volume-Backed Breakout: Confirmed above 2.23
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Trend: Shifted from downtrend to uptrend
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Key Levels: Support at 2.03, 2.23; Resistance at 2.30, 2.41
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: 6.05%
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