Stock: Frasers Logistics & Commercial Trust
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Ticker: BUOU (SGX)
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Timeframe: Daily (1D)
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Analysis Date: May 7, 2025
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Current Price: 0.865 SGD
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Price Range on May 7:
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High: 0.905
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Low: 0.855
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Open: 0.900
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Close: 0.865 (-4.42%)
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1. ๐ Trend Analysis
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Current Trend:
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Mid-Sep to Nov 2024: Uptrend with a peak near 1.19
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Nov 2024 to Mar 2025: Sustained downtrend with consistent lower highs/lows (e.g., 0.935 โ 0.900 โ 0.850 โ 0.825)
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April 2025 onward: Signs of a possible trend reversal or consolidation as price rebounded from the 0.755 low and failed to break recent highs.
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Recent Lower Highs/Lows:
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Highs: 0.935 (April), 0.900 (Feb)
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Lows: 0.755 (April), 0.825 (March)
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Trend Weakness Clues:
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Smaller candles with upper wicks
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Increased volume with reversal candles near April low
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Price struggling to break past 0.900 area resistance
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2. ๐ Key Price Action Signals
๐ธ Volume Spikes:
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April 2025 spike:
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Huge red-to-green reversal near 0.755 with elevated volume
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Followed by strong bullish continuation into 0.935
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May 7, 2025:
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Big red bar (-4.42%) with high volume, close near the low โ signals strong supply/profit-taking
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๐ธ Reversals & Pin Bars:
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0.755 area (April): Bullish pin bar with long lower wick, followed by multiple green bars โ classic reversal off support
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Near 0.935 (late April): Multiple rejection wicks, possible double top structure
๐ธ Inside/Doji Bars:
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Several small-bodied doji candles observed in FebruaryโMarch around 0.850โ0.855 โ shows indecision/consolidation before April drop
๐ธ Gaps:
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Minor gap-up behavior during the April rally (not clean, but visible in volume + fast price acceleration)
3. ๐ Support & Resistance Levels
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Major Resistance:
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1.040 โ 1.190 (SepโOct highs)
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0.935 (recent April peak)
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0.900 (multiple failed breaks)
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Major Support:
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0.755 (April reversal low)
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0.825 (March low)
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0.850โ0.855 (zone of multiple prior reactions)
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4. ๐ Breakout & Pullback Analysis
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Breakout Attempts:
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April breakout above 0.850 was strong, fueled by volume and multiple wide green bars
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Mayโs attempt above 0.900 failed โ followed by sharp rejection on May 7
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Pullbacks:
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Bull flag structure mid-April, with shallow retracement and breakout continuation
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Latest pullback (early May) rejected at resistance (0.900) โ suggests weakening buyer momentum
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5. ๐ง Market Context & Trader Psychology
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Psychology:
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Fear at lows (0.755) followed by greedy buying on reversal
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Price now testing trader patience as resistance near 0.900 remains strong
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Recent red bar on May 7 may trigger short-term fear/profit booking
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Market Phase: Transitioning from downtrend to potential consolidation/uptrend โ but resistance rejection shows uncertainty
6. ๐ Supply, Demand & Liquidity Zones
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Demand Zones:
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0.755โ0.825 โ strong buyer presence
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Confirmed by long wicks + volume surge
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Supply Zones:
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0.900โ0.935 โ repeated rejections
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May 7 bar adds more evidence of supply presence here
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Liquidity Traps:
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False break above 0.900 may have trapped late buyers
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7. ๐ Risk Management Strategy (Hypothetical & Educational Only)
Note: This is not financial advice, just an educational illustration.
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Entry Concept (Pullback Buy Setup):
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After April 0.755 reversal, potential entry on break above 0.850
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Stop-Loss:
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Below 0.825 (support zone)
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Profit Targets:
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Initial: 0.900 (resistance)
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Extended: 0.935โ1.000 zone if breakout occurs
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For Short-Term Plays (post-May 7 drop):
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Entry only if support holds near 0.850
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Stop-loss under 0.825
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Risk increases due to supply zone reactivation
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Summary
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The stock is currently in a corrective phase after a sharp downtrend and a failed bullish breakout.
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Resistance at 0.900โ0.935 is critical.
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Support at 0.850 and 0.825 must hold to avoid a retest of Aprilโs 0.755 low.
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Volume analysis shows institutional activity around key reversal zones.
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: 8.09%
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