HO BEE LAND (SGX: H13) | Daily Chart | Oct 2024 – Jun 20, 2025 | ~185 Bars
Market Regime Classification:
Transitional → Breakout to Pullback Phase
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Prior ranging behavior broken decisively on a high-volume breakout.
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Currently experiencing a controlled retracement following a vertical impulse leg.
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Structure evolving into potential bull flag or retest zone.
Highest Conviction Observations:
1. Break of Structure (BOS) & Institutional Displacement
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Major BOS confirmed on break above 1.83, invalidating multi-month range structure.
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Price surged rapidly to a high of 2.13 with strong, expanding bullish volume, indicating institutional buying.
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This move qualifies as a displacement leg with minimal retracement, suggesting smart money involvement.
2. Volume-Price Relationship (VPR)
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Climactic Volume Spike on June breakout, especially near 1.90–2.13, confirms institutional entry. Bar range widened dramatically with high effort = Effort = Result.
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Post-climax retracement underway with declining volume, signaling a healthy pullback rather than distribution.
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No absorption yet at current levels, but demand may emerge near 1.90–1.94 support zone.
3. Smart Money Footprint & Shakeout
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False breakdown at 1.64 (June) followed by immediate reversal suggests a liquidity grab and retail shakeout.
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That candle’s wide wick and high volume are typical of a spring-type action in Wyckoff Accumulation.
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Demand tail at 1.77 marks a confirmed CHoCH, preceding the displacement breakout.
4. Microstructure Assessment
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Current bar (June 20) printed a narrow range red candle on lower volume = pullback without panic.
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Range is compressing after the parabolic move, potentially forming a bull flag.
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Watch for inside bar cluster formation or reversal bar at this pullback zone.
5. Psychological & Structural Levels
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Price currently near prior resistance-turned-support 1.97–1.99, which is a critical re-test zone.
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2.00 (round number) acting as a psychological magnet; rejection wicks near this level reflect hesitation.
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If 1.90 breaks decisively on volume, could indicate deeper pullback toward 1.83 demand cluster.
Risk Management Parameters:
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Entry Zone (Pullback Buy): 1.94–1.97 zone (bull flag or retest confirmation)
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Initial Stop Loss: Below 1.83 swing low (institutional demand base)
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Profit Target Zone: Initial target 2.13 retest; extended target at 2.20 (projected measured move)
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Risk-to-Reward Ratio: Approximately 1:3 with tight structure
Multi-Timeframe Confluence:
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Aligns with higher timeframe breakout from 6-month range.
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Confluence at 1.83–1.90 zone across daily and weekly charts as institutional base.
Key Levels to Watch:
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Support Zones: 1.97 (current), 1.90, 1.83 (demand)
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Resistance Zones: 2.00 (psych level), 2.13 (swing high), 2.20 (projection)
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Liquidity Pools: Below 1.83 and above 2.13 – likely stop zones for traps.
Forward-Looking Bias:
Bias remains bullish with price in a post-breakout consolidation. High-probability continuation pattern forming, pending confirmation from bar behavior and volume.
Trade Summary Sentence:
Buying H13 because of institutional breakout followed by low-volume retracement with stops at 1.83 targeting 2.13–2.20 for a 1:3 risk-reward ratio.
Confidence Rating: 8/10
Reminder Checklist Before Execution:
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✅ Confirm low-volume rejection bar or inside bar break near 1.94–1.97
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✅ Monitor volume behavior at re-test zones
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✅ Set alerts at 2.00 and 2.13 for reaction insight
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: 2.03%
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