Vicom - 27 Jun 25

Chart Setup & Context

• Stock: VICOM LTD (SGX: WJP)

• Timeframe: Daily (D)

• Date Range: October 2024 – June 27, 2025

• Number of Bars: ~180 (9 months)

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1. Market Regime Classification

• Current Regime: Transition to Trending Up

  • Market has shifted from a prolonged low-volume range (Oct 2024 – Mar 2025) into a higher-high, higher-low structure since late March.

  • Clear breakout above structural ceiling near 1.36–1.39, confirming a bullish market regime with increasing momentum.

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2. High Conviction Observations

a) Structural Shift and Break of Structure

• Swing Low: 1.22 (April)

• Swing Highs: 1.35 → 1.39 → 1.46

• Break of Structure (BOS) occurred when price broke 1.36 in May with strong bullish bars and volume expansion.

• Clear Change of Character (CHoCH) in April as market shifted from micro-consolidation to impulse move.

b) Volume-Price Confirmation

• May–June shows sustained volume expansion supporting price rise → confirms institutional buying.

• Noticeable volume clusters around 1.35–1.39 → accumulation zone breakout.

• Volume dry-up pre-April = classic absorption before markup.

c) Institutional Footprint Evidence

• Order Block Zone: 1.30–1.32 (March consolidation before breakout).

• Liquidity Grab: Down-spike to 1.22 (April) before sharp reversal — likely spring action.

• Fair Value Gap (FVG) exists between 1.35–1.39, potential future support test zone.

d) Bar Pattern Microstructure

• Continuation Bars: Clustered bull candles with small upper wicks and strong closes post-April.

• Inside Bars near 1.43–1.46 = coiled energy for potential breakout or short-term pullback.

• Bullish Outside Bar confirmed on June 27 (1.43 → 1.46) = short-term directional bias intact.

e) Psychological & Structural Levels

• Psychological resistance near 1.50 (round number magnet zone).

• Recent bar suggests compression just below this level.

• Key Support Zones: 1.35 (prior BOS) and 1.30 (accumulation shelf).

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3. Multi-Timeframe Context

• Weekly Structure (not shown but implied): Forming a long-term base breakout.

• Confluence with prior major resistance (1.36–1.39) now acting as support.

• Price is trading above all recent consolidation zones = bullish control.

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4. Risk-Adjusted Setup Identification

• Entry Zone: Current breakout attempt at 1.46, pending confirmation over 1.47–1.48 on increased volume.

• Stop Zone: Below 1.35 (confirmed structure and volume node)

• Target 1: 1.53 (measured move extension)

• Target 2: 1.60 (round number + projected FVG fill)

• R/R Estimate: ~1:3 (Entry 1.46 / Stop 1.35 / Target 1.60)

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Forward-Looking Bias

• Price is in breakout territory but testing prior resistance — breakout requires volume confirmation.

• Ideal scenario: Pullback to 1.39–1.42 zone for re-entry before leg up.

• Watch for: Break > 1.47 with volume > previous 10-day average for continuation confirmation.

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Trade Summary Sentence

Buying VICOM LTD (SGX: WJP) because of confirmed breakout above prior accumulation resistance with stops at 1.35 targeting 1.60 for a 1:3 risk-reward ratio.

• Confidence Rating: 8/10

• Key Levels to Watch: Support at 1.35–1.39, resistance at 1.50–1.53, breakout trigger at 1.47+

• Checklist Before Execution:

  • Volume confirmation on breakout above 1.47

  • Check for false breakout patterns (e.g., long upper wick rejections)

  • Set alerts at 1.42 (pullback zone) and 1.47 (breakout validation)

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: 3.84%