ParkwayLife Reit - 08 May 25

Parkway Life REIT, listed on the Singapore Exchange (SGX) under ticker C2PU, with a daily timeframe chart.

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1. 📈 Trend Analysis

• Overall Trend:

  • The chart shows a clear recovery uptrend from early November 2024, after bottoming at $3.42.

  • Higher highs and higher lows are evident:

    • Swing lows: $3.42 → $3.60 → $3.76 → $3.92

    • Swing highs: $3.87 → $4.02 → $4.28 → $4.33

• Recent Weakness Signs:

  • Some smaller-bodied candles with long upper wicks in late April to early May 2025.

  • Price has recently pulled back slightly from $4.33 to $4.22.

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2. 🧠 Key Price Action Signals

• Volume Spikes:

  • Nov 2024: High volume on strong red bars during a sharp selloff to $3.42 – a potential capitulation bottom.

  • Feb–Mar 2025: Healthy green volume with price rising, suggesting demand return.

  • April 2025: Sharp green bar on high volume leads to breakout above $4.00 → Continuation pattern.

• Notable Candles:

  • Gap Down (Oct–Nov 2024): Led to a sharp decline; reversal came after a bottoming tail (pin bar) at $3.42.

  • Strong Bullish Bar (Feb 2025): Breaks above $3.87 resistance with strong follow-through.

  • Pin Bars (May 2025): Several upper wicks near $4.30 indicate rejection or resistance.

• Engulfing Patterns:

  • Bullish engulfing near $3.60–$3.69 area marked the early Jan 2025 turnaround.

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3. 🧭 Support & Resistance Zones

• Major Support:

  • $3.42 (November low, high volume reversal zone)

  • $3.60 and $3.92 (recent swing lows)

  • $4.02 (former resistance, now acting as support)

• Major Resistance:

  • $4.28 and $4.33 (double top zone)

  • $4.00–$4.10 (consolidation breakout base)

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4. 🔍 Breakout & Pullback Analysis

• Breakout:

  • Late March 2025: Clean breakout above $4.02 with expanding volume.

  • April 2025: Continuation breakout from $4.10 to $4.28 with strong momentum.

• Pullbacks:

  • April 10–20, 2025: Shallow pullback to $4.00 area respected previous resistance.

  • May 2025: Minor pullback from $4.33 forming potential bull flag.

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5. 🧭 Market Context & Bias

• Market Context:

  • Transitioned from bearish (Aug–Nov 2024) to bullish trend (post-November).

  • Now in a mature uptrend, approaching possible resistance.

• Trader Psychology:

  • Late 2024: Fear and capitulation.

  • 2025: Optimism builds with higher lows; recent upper wicks suggest caution or indecision.

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6. 📦 Supply, Demand & Liquidity Zones

• Demand Zones:

  • $3.42–$3.60: Strong buying interest evidenced by sharp reversals and rising volume.

• Supply Zones:

  • $4.28–$4.33: Multiple rejections, long upper shadows, possible liquidity trap for late buyers.

• Trade Setups (for educational reference only):

  • Pullback Buy: Example at $3.92 with continuation to $4.28.

  • Breakout Play: Above $4.02 and $4.28 — follow-through confirms strength.

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7. 🛡️ Risk Management Framework (Educational Only)

• Potential Entry (for bar-by-bar educational review):

  • After bullish bar closing above $4.02 or $4.28 on strong volume.

• Stop Loss:

  • Below last swing low (e.g., under $3.92 or $4.00 depending on entry).

• Profit Zone:

  • Partial exits near $4.28–$4.33 (resistance zone), or higher if new highs form.

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🧾 Summary

• Trend: Bullish recovery since Nov 2024; higher highs/lows forming.

• Volume: Confirmed buying strength on breakouts.

• Key Areas: Support at $3.92–$4.00, resistance at $4.28–$4.33.

• Current Price (May 8, 2025): $4.22

  • Slight pullback from highs, possibly forming a base or flag.

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:  3.49%