LHN - 28 May 25

Technical Analysis Report – LHN Limited (SGX: 41O)

Chart Timeframe: 1-Day (Daily)
Exchange: SGX (Singapore Exchange)
Date of Last Candle: 28 May 2025
Price: SGD 0.515 (+1.98%)

---

1. Trend Analysis

Current Trend: Uptrend

• Higher Lows:

  • Nov 2024: 0.335

  • Mar 2025: 0.445

  • Apr 2025: 0.375

  • May 2025: 0.455

• Higher Highs:

  • Dec 2024: 0.535

  • Feb 2025: 0.550

  • May 2025: 0.520+

Trend Strength

• Strong bullish impulse starting late Nov 2024.

• Pullbacks between Jan–Mar 2025 show typical bullish corrections, not trend reversal.

• Recent movement shows a V-shaped recovery from 0.375 (April low) to 0.515.

Signs of Trend Weakening

• Feb–Mar 2025: Series of small-bodied candles and overlapping bars after 0.550 peak indicate loss of momentum.

• No significant bearish engulfing or lower highs yet, so uptrend remains intact.

---

2. Key Price Action Signals

Volume Spikes & Candle Interpretation

• Dec 2024: Strong volume on a series of large-bodied bullish candles (0.37 → 0.535).

  • Follow-through seen; breakout confirmed.

• Feb 2025: Spike in volume with long upper wick at 0.550 – potential supply zone.

  • Candle closed well off highs → rejection at resistance.

• Late April 2025: Volume spike during bullish bar off 0.375 low – possible accumulation.

• May 28, 2025: Bullish bar, closes near high with mild volume uptick → healthy breakout attempt.

Candlestick Patterns

• Bullish Engulfing:

  • Dec 2024: Large engulfing bar starts sharp leg up.

  • May 2025: Bullish engulfing over prior consolidation bars around 0.485–0.50.

• Rejection/Pin Bars:

  • Feb 2025 (at 0.550): Long upper wick, reversal bar.

  • Mar 2025 (at 0.495): Small body and upper wick → resistance holding temporarily.

• Inside Bars:

  • Multiple during Jan 2025 and Apr 2025 – classic consolidation before breakout.

Gap Analysis

• Minor gap up seen mid-Dec 2024 (0.405 → 0.435): Followed by bullish continuation.

• No island gaps or exhaustion gaps noted.

---

3. Support & Resistance Levels

Major Resistance

• 0.550 (double-top near Feb 2025)

• 0.535 (Dec 2024 high)

• Current short-term: 0.520–0.525 (recent local high, minor resistance)

Major Support

• 0.445 (Feb–Apr 2025 swing low)

• 0.375 (key pivot low, April 2025)

• 0.335 (long-term bottom, Nov 2024)

---

4. Breakout & Pullback Analysis

• Breakouts:

  • Dec 2024: Strong with volume, bullish engulfing. Followed by minor consolidation.

  • May 2025: Breaking out of 0.485–0.495 resistance with good structure.

• Pullbacks:

  • Feb 2025 pullback to 0.445 respected bullish structure.

  • April 2025: Deep pullback to 0.375; recovered rapidly, indicating buying interest.

• Trendline / Moving Average Respect:

  • Price remains above prior swing lows, respecting the upward channel.

  • Recovery from pullbacks shows strong demand at higher lows.

---

5. Market Context & Trading Bias

Market Type: Trending (Bullish Bias)

• Strong recovery from Q1 2025 correction.

• Recent price action shows renewed buying pressure with continuation signs.

• Buyer psychology: Greed building as price makes higher highs; pullbacks are shallow.

---

6. Supply, Demand & Liquidity Analysis

Supply Zones

• 0.535–0.550: Sellers stepped in strongly here before (Feb 2025).

• Current price action testing these levels again. Watch volume and candle reaction.

Demand Zones

• 0.375: Strong demand evident from bounce in April.

• 0.445: Recent higher low with recovery.

Potential Trade Setups

• Breakout Play: Entry above 0.520 with stop below 0.495.

• Pullback Buy: If price retests 0.495–0.500 zone with bullish candle.

• Invalidation: Close below 0.485 negates bullish structure.

---

7. Risk Management Strategy

• Entry (Breakout): Above 0.520

• Stop-Loss: Below 0.485 (prior resistance/now support)

• Profit Targets:

  • TP1: 0.550 (previous high)

  • TP2: 0.575 (measured move breakout)

  • TP3: 0.600 psychological level

• Risk-Reward (RR):

  • Risk ~3.5 cents (from 0.520 to 0.485)

  • Reward potential up to ~8–9 cents

  • RR ratio: ~2.5:1 (favorable)

---

8. Company News (Last 3 Months)

1. [27 May 2025 – The Business Times SG]
Headline: LHN to Expand Co-Living Business After Strong Q2 Earnings
Summary: LHN reported solid Q2 earnings and announced new co-living projects in Singapore and Malaysia. Revenue up 15% YoY driven by higher rental yields and lower vacancy rates.

Sentiment: Positive – supports bullish price breakout.

---

Final Summary & Price Outlook

Time Frame	Bias	Summary
Short-Term	Bullish	Breakout from resistance at 0.495–0.515 with strong structure
Medium-Term	Bullish	Higher lows and recovery post deep pullback; upside to 0.550+ likely
Long-Term	Neutral to Bullish	Needs confirmation with breakout above 0.550 zone

---

✅ Final Verdict: Bullish Bias with Breakout Potential Above 0.520

• Look for daily close above 0.525 with volume for confirmation.

• Watch reaction near 0.550 – a breakout above would mark a major structural shift to strong uptrend.

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:   3.88%