Nam Lee Metal - 09 May 25

Nam Lee Metal (SGX: G0I) on a daily (1D) timeframe, ending Friday, 9 May 2025

📊 1. Trend Analysis

• Previous Trend (mid-2023 to Oct 2024):
  Clear downtrend characterized by lower highs (e.g., 0.315 → 0.310 → 0.300 → 0.295) and lower lows (e.g., 0.275 → 0.265 → 0.240).

• Transitional Phase (Nov 2024 to Jan 2025):
  Formation of a base around 0.240–0.260. Notable spike from 0.245 to 0.295 in Oct/Nov with volume increase suggests accumulation.

• Current Trend (Jan to May 2025):
  Shift to uptrend:

  • Higher lows: 0.255 → 0.290

  • Higher highs: 0.300 → 0.350 → 0.360

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🔎 2. Key Price Action Signals

• Volume Spikes:

  • Oct–Nov 2024:

    • Spike on bar from 0.245 to 0.295. Large bar, strong close = bullish breakout from base.

  • May 2025:

    • Volume spike on 8–9 May bar, close at 0.360. Bar closed near high = strong bullish sentiment.

• Pin Bars & Engulfing:

  • Late Jan 2025: Rejection wick around 0.300 → formed a bullish engulfing next bar.

  • Mid-March 2025: Long lower wick at 0.290 signals demand zone rejection.

• Inside Bars / Dojis:

  • Feb 2025: Inside bars near 0.340 after 0.350 breakout, consolidation before another leg up.

• Gap Up/Down Bars:

  • No classic gaps are visible, but sudden moves (e.g., from 0.255 to 0.295) suggest micro-gap-style momentum from volume surges.

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🧱 3. Support & Resistance Levels

• Support Zones:

  • 0.240–0.260: Base zone from Aug–Oct 2024.

  • 0.290: March low and volume-supported level.

• Resistance Zones:

  • 0.315, 0.340, 0.360: Major swing highs.

  • 0.360 is the current multi-month high (possible resistance next week).

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🔓 4. Breakout & Pullback Analysis

• Breakout (Nov 2024):

  • Strong volume breakout from 0.245 to 0.295 with follow-through.

• Pullbacks:

  • Jan 2025: Clean pullback to 0.255, followed by rally = bull flag.

  • March 2025: Another pullback to 0.290, respected prior support = healthy trend continuation.

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🧠 5. Market Context & Trading Bias

• Context:
  Stock transitioned from a long-term downtrend to a bullish breakout phase with confirmation.

• Psychology:

  • Late 2024: Fear and capitulation.

  • Early 2025: Accumulation and breakout euphoria.

  • Current (May 2025): Optimism with some resistance retests.

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⚖️ 6. Supply, Demand & Liquidity Analysis

• Demand Zones:

  • 0.255–0.290 confirmed demand with strong closes and high volume.

• Liquidity Signals:

  • Price accelerations post-volume spikes suggest institutional activity.

  • No major supply rejections yet at 0.360, but watch for bearish wicks at this level next week.

• Potential Setups (Educational Use Only):

  • Breakout Play: Break above 0.360 with volume could indicate continued momentum.

  • Pullback Buy: Revisit of 0.310–0.320 could offer retest opportunity if volume remains strong.

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🚦 7. Risk Management Framework (Educational Format)

• Hypothetical Entry: After confirmation bar close above 0.350 with volume.

• Stop Loss: Below 0.310 (prior swing low).

• Take Profit Levels:

  • TP1: 0.380 (next psychological round number)

  • TP2: 0.400 (extension target if trend sustains)

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Summary:
Nam Lee Metal (G0I.SI) has shifted from a long consolidation/downtrend into a defined uptrend since late 2024. Volume spikes around breakout points, repeated support confirmations, and bullish continuation patterns provide evidence of accumulation and buyer control. The price currently sits at SGD 0.360 as of Friday, 9 May 2025.

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:  5.56%