QAF - 05 May 25

QAF Ltd (SGX: Q01) – Daily Chart Analysis as of May 5, 2025

1. Trend Analysis

• Current Trend: Ranging Market
  The chart shows a clear sideways range between approximately 0.820 and 0.870 SGD since November 2024.

• Recent Highs/Lows:

  • Higher high at 0.870 (late March 2025)

  • Support retest at 0.830 (April 2025) and again on May 2, 2025

  • Price recovered on May 5 to close at 0.845, suggesting potential range continuation

2. Key Price Action Signals

• Volume Spike on Nov 15, 2024:

  • Tall red bar closing near the low at 0.820

  • Suggests strong sell-side interest and liquidity flush; immediate rebound followed

• Engulfing Bullish Bars:

  • On Feb 12 and Mar 20, 2025, bullish engulfing candles after small inside bars led to follow-through

• Pin Bars & Rejections:

  • Mar 25, 2025: Pin bar rejecting 0.870 followed by strong red bar → short-term pullback

• Gap Down:

  • April 10–11: Downside gap with follow-through to 0.830; reversed within 3 sessions

• Doji/Indecision:

  • Several doji-type candles around mid-Dec 2024 and late Feb 2025 → signaling hesitation

3. Support & Resistance Levels

• Resistance:

  • 0.870 – Recent swing high (Mar 25–26)

  • 0.845–0.850 – Current price zone with repeated rejections and closes

• Support:

  • 0.830 – Tested 3x in the past 6 months (Sept, Apr, and May)

  • 0.820 – Strong reaction zone from Nov 2024 volume spike

4. Breakout & Pullback Analysis

• Failed Breakout:

  • March 26–27 attempted breakout above 0.865–0.870, quickly rejected with long upper wicks

• Pullbacks:

  • Clean pullbacks to 0.835–0.840 in March 2025 acting as base for short rallies

  • Pullback to 0.830 on April 30–May 2 followed by a bullish reversal on May 5

5. Market Context & Trading Bias

• Market Phase: Sideways Consolidation / Accumulation Phase

• Psychology:

  • Mixed sentiment with multiple failed breakouts and sharp pullbacks

  • Buyers defending 0.820–0.830, sellers dominating near 0.865–0.870

• Trend Shift Clues:

  • Multiple failed highs around 0.865–0.870, but lows remain well-defended → suggests balance

6. Supply, Demand & Liquidity Analysis

• Supply Zones:

  • 0.865–0.870 shows strong selling on each approach with long upper wicks

• Demand Zones:

  • 0.820–0.830 continues to attract buyers

• Volume Clusters:

  • Heavy volume around 0.830 (Nov and April) and 0.845 (current zone)

7. Risk Management Strategy (Hypothetical for Educational Use)

• Entry Zone:

  • Near 0.835–0.840, close to range support

• Stop-Loss (SL):

  • Below 0.820, clear break of range

• Profit-Taking Targets:

  • Initial: 0.860–0.865

  • Stretch: 0.870 (recent high)

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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