Tuan Sing - 16 Jun 25

TUAN SING (SGX:T24) – Daily Chart Analysis (Oct 2024 – 16 Jun 2025)
Timeframe: 1D
Bars Analyzed: ~180 trading sessions
Chart Type: Candlestick with volume
Market Regime: Transitioning from distribution to potential range-bound consolidation

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🔍 High Conviction Observations

1. Structural Breakdown & Range Compression:

   • Swing Highs: 0.280 → 0.295 → 0.330 → 0.285 → 0.260 (lower highs post-Feb peak).

   • Swing Lows: 0.240 → 0.260 → 0.210 → 0.230 → 0.245 (gradual descent followed by base formation).

   • BOS confirmed post-March with break below 0.260. April’s new low at 0.210 marks Change of Character (CHoCH).

   • Price now consolidating between 0.230–0.260, indicative of a potential Wyckoff Phase B.

2. Volume-Price Relationship (VPR) Analysis:

   • Feb surge to 0.330 was on high volume with wide ranges = likely institutional buying climax (BC).

   • March–April showed volume divergence (lower volume on lower prices) → suggests lack of follow-through = potential demand absorption.

   • Recent red candle (16 Jun) saw small range but high volume = possible absorption bar at 0.245, indicating support defense.

3. Institutional Footprint Analysis:

   • Liquidity grab observed near 0.210 (April), followed by immediate reversal = spring action.

   • Price has since returned to order block zone around 0.245–0.250, which previously preceded the March rally.

   • Current behavior mimics test-retest pattern of support, with 0.230 acting as accumulation floor.

4. Bar Pattern & Reversal Setup:

   • Large bullish engulfing bar on 13 Jun 2025 with follow-through attempt suggests breakout test.

   • The 16 Jun bar's failure to extend upward despite volume spike = possible shakeout or end-of-cycle test.

   • Watch for inside bar or narrow spread bar as a volatility contraction pattern → potential coiled breakout.

5. Multi-Timeframe Confluence & Psychological Anchors:

   • Weekly structure aligns with a larger base-building pattern.

   • Price currently straddling SGD 0.250 round number, a psychological level with historical reactions.

   • 0.260 remains a major resistance ceiling; breakout above it would shift momentum bias.

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🧠 Risk-Adjusted Trade Framework

• Bias: Neutral-Bullish with accumulation behavior emerging

• Key Support Zones: 0.230 (floor), 0.210 (last line spring), 0.245 (absorptive area)

• Key Resistance Zones: 0.260 (supply zone), 0.285 (intermediate target), 0.330 (range high)

• High-Probability Entry Zone: 0.240–0.245 (absorption + prior support cluster)

• Stop-Loss Placement: Below 0.230 swing low (structural invalidation)

• Profit Target Zone: Initial: 0.260, Extended: 0.285

• Risk-Reward Ratio: ~1:2.5 (if entered near 0.245 with SL at 0.229, TP at 0.285)

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📌 Forward-Looking Summary

Buying TUAN SING (T24.SI) because of absorption at structural support with evidence of spring-retest behavior, with stops at 0.229 targeting 0.285 for a 1:2.5 risk-reward ratio.

Confidence Rating: 7.5 / 10
Key Levels to Watch: 0.230 (break = invalidation), 0.260 (rejection = failure), 0.285 (target zone)

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Checklist Before Execution:

• ✅ Confirm inside bar or volume dry-up near 0.245

• ✅ Validate that 0.230 holds on intraday basis

• ✅ Monitor for breakout attempt >0.260 on expanding volume

• ✅ Align with weekly structure and macro news catalyst

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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