StarHill Global - 09 May 25

📊 Starhill Global REIT (P40U.SI)

Exchange: Singapore Exchange (SGX)
Timeframe: Daily (1D)

🔍 1. Trend Analysis

• Overall Trend: Range-bound/Sideways

  • Price has been oscillating between SGD 0.465 and 0.515 since mid-2023.

• Recent Structure:

  • Higher Low formed at 0.455 (April 2025).

  • Slight lower high at 0.510 (March 2025) following the previous 0.515 in February.

• Trend Weakness:

  • Multiple overlapping bars and small bodies around the 0.495–0.500 level suggest indecision.

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🔑 2. Key Price Action Signals

• Strong Trend Bars:

  • Late Sept–Oct 2024 rally showed large green bars from 0.475 to 0.550 with good volume.

  • April 2025 has a large red bar falling to 0.455, followed by a strong bounce.

• Reversal Patterns:

  • April 2025: A bullish pin bar/inverted hammer near 0.455 followed by bullish continuation bars.

  • Feb–March 2025: Consolidation at 0.490–0.495, followed by a failed breakout above 0.510.

• Inside/Doji Bars:

  • Mid-March and early May 2025 show small-bodied candles near the 0.495–0.500 level, indicating hesitation.

• Volume Spikes:

  • Late Sept 2024: High volume green bars supported the rally.

  • Early April 2025: High red volume bar during the fall to 0.455.

    • Bar Characteristics: Long body, closed near the low → selling climax.

• Gaps:

  • No significant visible gaps on this chart due to the illiquid, tightly spaced nature of REITs.

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📏 3. Support & Resistance Levels

• Major Resistance:

  • 0.510–0.515: Multiple rejections (Feb–March 2025).

  • 0.550: Peak in Oct 2024 before sell-off.

• Major Support:

  • 0.455: April 2025 low with strong rebound.

  • 0.465–0.470: Held multiple times (May, Aug 2024).

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🚀 4. Breakout & Pullback Analysis

• Breakouts:

  • The rally in Sept–Oct 2024 was a strong breakout above 0.500 with follow-through.

• Pullbacks:

  • The April 2025 sell-off to 0.455 acts as a deep pullback followed by aggressive buying (sharp V-reversal).

  • Price respected support levels and bounced strongly, suggesting demand zone.

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🌐 5. Market Context & Trading Bias

• Context: The REIT is in a sideways consolidation, with a slight bullish tilt post-April 2025.

• Bias Clues:

  • Recent bullish engulfing and demand response from 0.455 suggests temporary optimism.

• Trader Psychology:

  • Fear on April drop (high volume red bar), followed by opportunistic buying (low tail, rising volume).

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💧 6. Supply, Demand & Liquidity Zones

• Supply Zones:

  • 0.510–0.515: Sellers emerged here twice in 2025.

  • 0.550: October 2024 high (likely profit-taking zone).

• Demand Zones:

  • 0.455: Strong buying response post-selloff.

  • 0.465–0.470: Previous basing zone in mid-2024.

• Liquidity Trap Example:

  • Breakdown to 0.455 followed by reversal may have trapped late shorts or stop orders below support.

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🎯 7. Risk Management Strategy (Example)

For educational purposes only:

• Potential Entry: Above 0.500 with breakout confirmation and rising volume.

• Stop-Loss: Below 0.485 or 0.475, depending on risk tolerance.

• Target Zones: First near 0.515, then possibly 0.550 if volume supports.

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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