๐ง GOLDEN AGRI-RES (E5H.SI) – Daily Chart Analysis
Exchange: SGX | Date Range: Aug 2024 – 6 Jun 2025
Timeframe: Daily | Bars Analyzed: Approx. 200
Current Price: 0.250 SGD
๐ 1. Market Structure & Order Flow
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Trend Context: Ranging to Transitional.
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Swing Highs: 0.295 (Nov), 0.285 (Dec), 0.270 (Apr)
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Swing Lows: 0.230 (Jan, May), 0.240 (Mar)
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Current Structure: Lower highs forming a descending triangle against flat support (0.230–0.235).
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CHoCH Point: Tentative — break above 0.255 would shift micro-structure bullish.
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Order Flow Signature: Institutional testing of 0.250–0.255 zone with rejection candles and higher volume.
๐ 2. Volume-Price Relationship (VPR)
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May 2025 to June 6: Notable volume expansion while price stays in tight range (0.245–0.255) → Absorption likely.
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April Breakdown Bar (0.270 to 0.235): Panic-driven, yet failed to continue — suggests weak hands flushed out.
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Current Volume: Above 20-day average, forming Volume Cluster near 0.250 = institutional preparation phase.
๐ฆ 3. Institutional Footprint Recognition
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Spring Action at 0.230: Classic Wyckoff Spring on May 2–3. Price dipped below range low, then reversed on high volume.
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Order Block Zone: 0.240–0.245 → last bearish consolidation before recent bull move.
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Displacement Fails at 0.255: Price attempts breakout but cannot sustain; likely liquidity sweep.
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Fair Value Gap (FVG): Exists between 0.235–0.245, may act as magnet for price retrace.
๐ฏ️ 4. Bar-by-Bar Pattern Review (Most Recent 10 Bars)
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May 24–28: Clustered inside bars near 0.245 = consolidation before push.
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May 29–31: Price pushes up on increasing volume → attempted breakout into 0.255.
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June 4–5: Bars touch 0.255 but fail to close above it, wicks reject → supply present.
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June 6 (Current Bar): Inside bar + low body range → indecision at resistance.
๐งญ 5. Multi-Timeframe Confluence
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Weekly Chart (Inferred): Multi-month base forming between 0.230–0.270.
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Monthly Chart Bias: Still under longer-term resistance (0.295). Accumulation requires breakout of 0.255–0.270 to change long-term trend.
๐ฏ 6. Key Psychological & Technical Levels
| Type | Price Level | Importance |
|---|---|---|
| Resistance Zone | 0.255 | Micro-breakout line + supply |
| Resistance Zone | 0.270 | Range top + SH |
| Support Zone | 0.235 | Recent Spring Low |
| Support Zone | 0.230 | Structural range floor |
| Round Number | 0.250 | Psychological + absorption |
๐ 7. Risk-Adjusted Setup Analysis
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Entry Trigger: Daily close above 0.255 on above-average volume.
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Stop-Loss: Below 0.235 (below Spring, invalidates accumulation thesis).
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Target 1: 0.270
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Target 2: 0.285 (if breakout extends)
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Risk-Reward: ~1:2.5 minimum
⚙️ 8. Trade Management & Execution Plan
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Initial Stop: Set just below 0.235 to protect against Spring failure.
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Partial Exit: Scale 50% at 0.270.
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Final Exit: 0.285 if momentum confirms.
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Re-entry Protocol: If breakout fails, reassess at 0.240–0.245.
๐งฉ 9. Market Regime Classification
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Current: Ranging/Transitional
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Evidence:
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Flat lows (0.230) + declining highs
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Absorption volume near midpoint
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Failed breakouts with false follow-through
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Implied Phase C of Wyckoff Accumulation with potential Phase D above 0.255
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๐ง 10. Forward-Looking Catalyst Awareness
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No visible earnings icon post-April → Next earnings or corporate event may act as trigger.
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June 6 volume spike → Possible positioning ahead of news or sector rotation.
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Watch for: Press releases or SGX filings next 5–10 trading sessions.
๐งพ Trade Summary Sentence Format
Buying GOLDEN AGRI-RES above 0.255 because of absorption-based accumulation structure with stops at 0.235 targeting 0.270 and 0.285 for 1:2.5 risk-reward ratio.
Confidence Rating: 6.5/10 (awaiting breakout validation)
✅ Pre-Execution Checklist
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Confirm daily close above 0.255
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Volume on breakout > 20-day average
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No immediate bearish engulfing post-entry
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Align with sector/market sentiment
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: 2.40%
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