HC Surgical - 30 May 25

🔬 Technical Analysis Report

Stock Name: HC Surgical Specialists Ltd
Exchange: SGX (Singapore Exchange)
Ticker: 1B1
Timeframe: Daily (1D)

🔁 1. Trend Analysis

Current Market Structure: Ranging with potential bullish transition

• Previous Lower Lows:

  • $0.240 (Mar 2024, Sep 2024)

  • $0.255 (Jun 2024), $0.260 (Oct 2024)

• Recent Higher Lows:

  • $0.270 (Mar 2025), holding above key swing lows

• Recent Higher Highs:

  • $0.295 (Nov 2024), $0.310 (Feb 2025)

🔎 Trend Direction: The stock has been in a broad sideways consolidation for over a year (between $0.240 and $0.315). However, recent price action shows higher lows forming, a potential early uptrend signal.

📉 Bearish Signs:

• Sharp rejection near highs ($0.310 in Feb 2025).

• Multiple failed attempts to hold above $0.295.
  📈 Bullish Signs:

• Price is holding above mid-range ($0.285).

• Reclaim of previous resistance zone ($0.270–$0.285).

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📊 2. Key Price Action Signals

🔹 Volume Spikes & Candle Behavior:

• Feb 2024 (Spike on $0.315):
  Large bullish bar followed by strong rejection — classic bull trap. Volume was relatively elevated.
  📌 Bearish reversal with no follow-through.

• Mar 2024 (Gap Down to $0.240):
  Large red bar on high volume with gap down → panic selling.
  📌 Confirmed breakdown, strong demand reappeared at $0.240.

• Nov 2024 ($0.295 breakout):
  Strong bullish momentum with expanding volume → clean breakout.
  📌 Confirmed demand zone at $0.270.

• Feb 2025 ($0.310 candle):
  Tall green bar (gap up) followed by red engulfing → exhaustion and failed continuation.
  📌 Bearish engulfing + top wick → short-term top.

• Mar 2025 (Sharp reversal to $0.270):
  Panic bar with long lower wick on high volume → buyers defended strongly.
  📌 High conviction bounce area.

• May 2025:
  Modest volume rebound to $0.285. Price rejected near $0.300 but held the mid-range.
  📌 Low momentum move but no significant selling pressure.

🔸 Reversal / Pin Bars:

• Multiple pin bars and dojis appear near $0.270 and $0.240 — strong demand absorption.

• Feb–Mar 2025: Sequence of long upper wicks at $0.310 → clear supply zone.

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📈 3. Support & Resistance Levels

🔹 Major Support:

• $0.240: Multi-touch low, tested twice in 2024

• $0.270: Springboard for rallies, recent key defense (Mar 2025)

🔸 Major Resistance:

• $0.295: Long-term horizontal resistance, tested 3 times

• $0.310–$0.315: Upper boundary of range, consistent rejections

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📤 4. Breakout & Pullback Analysis

• Breakouts:

  • $0.295 (Nov 2024): Strong, volume-backed bullish breakout

  • Failed follow-through at $0.310 (Feb 2025) → false breakout

• Pullbacks:

  • Pullback to $0.270 (Mar 2025) respected old resistance-turned-support.

  • May 2025 price action showing slow grind up – a potential bull flag setup.

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🧭 5. Market Context & Trading Bias

Context: Transitioning from range to potential uptrend
Trader Psychology:

• 2024: Fear near $0.240; panic and weak hands selling

• Late 2024 to early 2025: Optimism near highs but met with profit-taking

• May 2025: Neutral to cautiously bullish — traders positioning for a move past $0.295 again.

Bias: Short-term Neutral-Bullish | Medium-term Bullish if $0.295 breaks | Long-term Bullish above $0.310

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⚖️ 6. Supply, Demand & Liquidity Zones

🔹 Demand Zones:

• $0.240–$0.255: Strong accumulation zone

• $0.270–$0.285: Mid-range buyer activity zone

🔸 Supply Zones:

• $0.295–$0.310: Heavy selling pressure observed repeatedly

🧩 Liquidity Traps:

• Feb 2025: Bull trap at $0.310 → major liquidity sweep

• Mar 2025: Bear trap at $0.270 → rapid reversal, trapped late shorts

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💡 7. Trade Setup & Risk Management

Potential Setup:

Breakout Play above $0.295 with target toward $0.315 and $0.340 (gap fill zone)

• Entry: Break and close above $0.295 with volume

• Stop Loss: Below $0.270 (recent low and demand zone)

• Take Profit:

  • TP1: $0.310 (recent high)

  • TP2: $0.340 (next major resistance)

Alternate Play:

Pullback Buy near $0.270 with confirmation candle

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📰 8. Recent Company News (Past 3 Months)

🔍 Search conducted for HC Surgical (1B1.SI):

📌 [March 25, 2025 – HC Surgical Releases H1 FY2025 Results]

• Source: SGX Press Release

• Summary: Revenue improved YoY by 8%, supported by higher patient throughput. Net profit margin remains under pressure due to operational cost inflation.

• Sentiment: Mixed-Bullish

📌 [April 30, 2025 – Partnership Announcement]

• Source: Business Times SG

• Summary: HC Surgical announced a strategic partnership with a regional diagnostic firm to expand outpatient endoscopy services.

• Sentiment: Positive (expansion narrative)

📌 [May 21, 2025 – Insider Buying Disclosed]

• Source: SGX Filing

• Summary: Director acquired 300,000 shares at $0.280.

• Sentiment: Bullish insider activity, typically a confidence signal.

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🧠 Final Summary & Technical Outlook

Timeframe	Bias	Rationale
Short Term	Neutral-Bullish	Holding above $0.285, attempting breakout. Resistance remains close.
Medium Term	Bullish	Higher lows in place; $0.295 breakout likely to attract fresh demand.
Long Term	Bullish	Accumulation from $0.240–$0.270 builds foundation for sustained uptrend.

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✅ Recommendation: Watch $0.295–$0.310 zone. A strong breakout here with volume could open a move toward $0.340. Accumulation at current levels ($0.285) with tight risk management is favored for swing traders.

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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