Lendlease REIT (SGX: JYEU) — Daily Chart Technical Analysis
Timeframe: Daily
Date Range: Aug 2024 – Jun 2025
Bars Analyzed: ~200 trading days
1. Market Regime Classification: Transition to Ranging
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Trend Breakdown: Clear downtrend from 0.630 (Sep 2024) to 0.440 (Apr 2025), followed by a base-building phase.
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Current Regime: Transitioning into a potential range with early signs of absorption and higher lows forming.
2. High-Conviction Observations
A. Market Structure & Order Flow
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Major Swing Highs: 0.630 → 0.600 → 0.565 → 0.535 → 0.520
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Major Swing Lows: 0.585 → 0.550 → 0.535 → 0.500 → 0.440 → 0.465
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CHoCH at 0.465 Zone: Formation of a higher low (0.465 vs 0.440) suggests early stage structure shift.
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No Confirmed BOS Yet: 0.495-0.500 is resistance and must break on volume to confirm trend change.
B. Volume-Price Relationship (VPR)
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Climactic Down Volume at 0.440: Wide-range bar (WRB) with high volume in April — likely a selling climax with institutional absorption.
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Volume Divergence: Price bounced from 0.440 → 0.495 on declining volume, indicating limited conviction — likely short covering.
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Recent Volume Cluster: At 0.465–0.495 showing possible re-accumulation.
C. Institutional Footprints
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Absorption Bar Evidence: Narrow body candles in May around 0.465-0.480 with above-average volume — large players quietly accumulating.
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Shakeout Action: Sharp drop to 0.440 followed by swift V-shaped reversal hints at retail stop runs.
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Fair Value Gap: Gap zone between 0.500–0.520 from breakdown remains unfilled, likely a target zone on strength.
D. Bar Pattern Recognition
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Recent Outside Bar: Seen June 5th; high at 0.495 tested resistance on volume. Need follow-through to confirm bullish intent.
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Mini-Flag Consolidation: 0.465–0.495 range is tightening, suggesting energy buildup for directional resolution.
E. Multi-Timeframe Confluence
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Weekly Chart Structure (inferred): Likely at or near a higher timeframe demand zone from previous lows in 2020–2021.
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Daily Range Compression: Suggests impending breakout.
3. Key Price Levels
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Support: 0.465 (structural HL), 0.440 (capitulation low, major demand)
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Resistance: 0.500 (supply shelf), 0.520 (gap fill target), 0.535 (structural SH)
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Breakout Confirmation Zone: Daily close above 0.500 on rising volume
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Trap Zone: False breaks above 0.500 without volume confirmation
4. Risk-Adjusted Setup Consideration
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Potential Entry Zone: On breakout and close above 0.500 with volume surge
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Stop Loss: Below 0.465 (recent higher low) — clear invalidation level
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Target 1: 0.520 (gap fill)
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Target 2: 0.535 (structural resistance)
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Risk-Reward Ratio: ~1:2.5 if entered at 0.500 breakout with 0.035 risk
5. Forward-Looking Bias
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Await confirmation of breakout above 0.500 with strong volume to validate transition into markup phase.
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If rejection at 0.500 occurs with rising volume, monitor for a re-test of 0.465 support.
Trade Summary Sentence
Selling pressure has potentially exhausted at 0.440 with signs of institutional absorption; buying Lendlease REIT on breakout above 0.500 with stops at 0.465 targeting 0.535 for a 1:2.5 risk-reward ratio.
Confidence Rating: 6.5/10 (Pending breakout confirmation)
Key Levels to Watch:
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Immediate Resistance: 0.500
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Immediate Support: 0.465
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Breakout Target: 0.520 → 0.535
Execution Checklist
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Breakout candle with volume ≥ 2x 20-day average
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No upper wick rejection on breakout candle
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Stop-loss placed beyond structural low (not arbitrary %)
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Risk-to-reward ≥ 1:2
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: 7.88%
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