Technical Analysis Report: SATS Ltd (S58.SI) – SGX
1. Chart Setup & Context
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Stock: SATS Ltd (Ticker: S58.SI)
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Exchange: SGX (Singapore Exchange)
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Chart Timeframe: Daily
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Date Range: ~Aug 2024 – 09 June 2025
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Bars in Analysis: ~200 trading sessions (approx.)
2. Current Market Regime Classification
Transition to Trending Uptrend Regime
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The structure has recently shifted from a steep downtrend to a potential early-stage uptrend, following a high-volume liquidity flush and reversal around SGD 2.42.
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Trend is regaining strength post-structural break and reclaim of previous demand zones.
3. Highest Conviction Observations
🔹 Market Structure & Order Flow Analysis
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Trend Shift:
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Breakdown initiated after failure at SGD 3.70 (lower high).
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BOS (Break of Structure) occurred below SGD 3.01 → confirmed trend shift.
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CHoCH (Change of Character): Break and close above SGD 3.13 suggests bulls reclaiming control.
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Swing Points:
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Recent SL: 2.42
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Recent SH: 3.13 (under test)
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🔹 Volume-Price Relationship (VPR)
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Capitulation Volume on drop to SGD 2.42 suggests selling climax.
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Volume Expansion with price rise from 2.42 → 3.12 indicates professional buying and smart money support.
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No volume divergence seen during recovery, indicating healthy trend development.
🔹 Institutional Footprint Recognition
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Liquidity Grab at SGD 2.42: Price flushed beneath previous support before fast reversal – textbook spring action.
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Order Block Zone likely between 2.60 – 2.80 (last bearish candle before bullish engulfing drive).
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Displacement Move occurred from 2.50 to 3.00 with minimal pullback, indicating urgency and imbalance.
🔹 Bar Pattern Recognition
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Several bullish continuation bars post-retest of 2.70 level.
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Current daily candles near 3.12 show reduced range with above-average volume → possible absorption of remaining supply near previous structure high (3.13).
🔹 Multi-Timeframe Confluence
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Daily now pressing into prior structure resistance (3.13). A weekly close above it opens room toward 3.55.
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Higher timeframe structure still transitioning, but micro trend clearly bullish with strength.
4. Key Price Levels & Risk Parameters
| Level Type | Price (SGD) | Significance |
|---|---|---|
| Support | 2.42 | Spring low, demand climax |
| Support | 2.80 | Volume shelf, prior demand retest |
| Resistance | 3.13 | Recent swing high, critical CHoCH |
| Next Resistance | 3.55 – 3.70 | Prior supply and distribution zone |
| Target | 3.55 | Measured move from 2.42 base |
| Stop-Loss Zone | <2.95 | Below most recent swing low consolidation |
5. Forward Bias & Setup Summary
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Bias: Bullish continuation contingent on a clean break/close above 3.13
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Volume and structure support further upside, especially if absorption resolves upward.
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Consolidation under resistance can lead to breakout if volume expands again.
Execution Summary
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Buying SATS (S58) because of bullish structure reclaim with absorption under key resistance at 3.13, with stops at 2.95 targeting 3.55 for a 1:3 risk-reward ratio.
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Confidence Rating: 7.5 / 10
✅ Pre-Trade Checklist
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Structure confirmed with CHoCH
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Volume aligned with breakout behavior
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Risk clearly defined beneath recent structural support
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Multi-timeframe alignment favoring bullish continuation
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No conflicting news or sector drag apparent
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: 0.96%
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