Yeo Hiap Seng - 30 Apr 25

YEO HIAP SENG (SGX:Y03) – Daily Timeframe

🔍 1. Trend Analysis

• Market Phase: Predominantly sideways/ranging, with price fluctuating between SGD 0.520 and 0.600.

• No strong directional trend: The stock shows repeated attempts to break out of both upper and lower bounds but lacks sustained follow-through.

• Key Lower Highs/Lows:

  • Highs: 0.600 (Nov–Dec), 0.595 (Mar), 0.590 (Feb)

  • Lows: 0.520 (Sep), 0.530 (Jul, Mar), 0.545 (Jan)

Signs of trend weakening:

• Overlapping candlesticks, multiple doji/small bodies (especially Dec to Feb).

• Volume decline during mid-range moves, followed by spikes near boundaries.

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🔑 2. Key Price Action Signals

• Strong Trend Bars with Volume Spikes:

  • Oct–Nov: Bullish breakout to 0.600, supported by rising volume. However, failed to sustain above.

  • Mid-Mar: Sharp bearish bar from 0.595 to 0.530, on elevated volume. Closed near the low = bearish conviction.

• Reversals:

  • Dec 2024: Rejection from 0.600 twice with wicks = double top setup.

  • Late Mar 2025: Rebound off 0.530 forms a potential bullish reversal.

• Pin Bars & Engulfing:

  • Jan 2025: Pin bar near 0.545 showing failed breakdown.

  • Late April 2025: Bullish engulfing candle closes at 0.560 on volume spike – potential demand zone reactivation.

• Gap Activity: Minimal. Most candles show tight clustering, suggesting low volatility gaps or none.

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🧱 3. Support & Resistance Levels

• Support:

  • Major: 0.520 (Sept low), 0.530 (Mar/Jul)

  • Minor: 0.545, observed multiple times (May, Jan, Apr)

• Resistance:

  • Major: 0.600, tested multiple times but never closed above for long.

  • Minor: 0.585–0.595, serves as resistance in Apr and Dec.

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📈 4. Breakout & Pullback Analysis

• Nov Breakout: Clean thrust to 0.600, but pullback lacked strength, leading to sideways movement.

• Mar Pullback: Sharp pullback from 0.595 → 0.530; resembles bear flag breakdown.

• Recent Action (Apr 30, 2025): Bounce from 0.530 to 0.560 on higher volume = potential reversal pullback.

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🧠 5. Market Context & Trading Bias

• Market Phase: Primarily range-bound with potential for breakout attempts.

• Transition Signs:

  • Higher lows forming recently (Mar low at 0.530 > Jan low at 0.520)

  • Buyers stepping in near demand zones with conviction

• Psychology:

  • Greed near 0.600 = rejection wicks.

  • Fear near 0.520–0.530 = panic candles followed by accumulation (volume-supported).

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💧 6. Supply, Demand & Liquidity

• Supply Zones:

  • 0.595–0.600: Heavy rejection, long wicks, sell pressure.

• Demand Zones:

  • 0.530–0.545: Multiple bounces, volume spikes.

• Liquidity Clues:

  • Thin candles in consolidation → lower liquidity

  • Volume spikes at swing points suggest institutional footprints.

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🛡️ 7. Risk Management Strategy (Hypothetical/Educational)

For Educational Purposes Only – Not Financial Advice:

• Potential Setup: Pullback Buy near 0.545–0.550, targeting 0.595

• Entry: Near 0.550 (with bullish confirmation)

• Stop-Loss: Below 0.530 (recent swing low)

• Take Profit: 0.590–0.595 (upper resistance zone)

• Reward/Risk Ratio: ~2:1 depending on entry precision

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📅 April 30, 2025 Closing Summary:

• Price: SGD 0.560 (+1.82%)

• High/Low: 0.565 / 0.555

• Volume: Elevated compared to previous sessions – bullish interest

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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