Aztech Global - 25 Jul 25

Technical Analysis Report: AZTECH GBL (SGX: 8AZ) — Daily Chart (Oct 2024 – 26 Jul 2025)
Total Bars Analyzed: ~200 bars
Current Price: SGD 0.680 (+4.62%)

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1. Market Regime Classification: Transition → Emerging Uptrend

• Transitional Structure after steep markdown to SGD 0.495 low in May 2025.

• Current leg shows signs of early uptrend formation with higher highs/lows from June to July.

• Breakout attempt through prior lower high resistance at SGD 0.610 confirmed with bullish momentum candle on increasing volume.

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2. Highest Conviction Observations

🔹 Structural Shift & Order Flow

• Swing Low (SL): 0.495 → 0.530 → 0.550 (ascending)

• Swing High (SH): 0.610 broken cleanly → current bar testing 0.680

• Change of Character (CHoCH) evident at 0.610 breakout; suggests end of accumulation

• BOS confirmation above 0.610 with today’s candle; next key resistance: 0.685–0.730

🔹 Volume-Price Dynamics

• Volume expansion on breakout bar (25 Jul) + wide range body → indicates institutional follow-through

• Prior consolidation between 0.495–0.610 showed volume clusters near 0.530 and 0.550 (likely accumulation)

• No divergence observed – price and volume aligned bullishly

🔹 Institutional Footprint

• Possible Order Block near 0.550–0.565 zone (prior down bar before sharp rally)

• Fair Value Gap (FVG) between 0.565–0.610 from impulsive breakout candle

• Displacement move now in play – strong bullish leg with minor pullbacks

🔹 Bar Pattern Recognition

• Last 3 bars show tight rising range with strong bodies → confirms momentum continuity

• No exhaustion wick yet on current bar, indicating rally may still have fuel

• No reversal signals visible yet – buyers in control

🔹 Psychological Level / Key Resistance Zones

• 0.685 = current test zone; prior pivot resistance

• 0.730 = next meaningful resistance (previous structure high)

• Psychological magnet: SGD 0.700 → potential intraday stall

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3. Multi-Timeframe Confluence

• Daily TF: Showing trend initiation

• Weekly TF (not shown): Likely forming double bottom or base above long-term support

• Compression breakout from multi-month range → trend alignment forming

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4. Risk-Adjusted Setup Map

• Support Zone: 0.610 (breakout base), 0.550 (accumulation base)

• Stop Placement: Below 0.610 breakout level (structural invalidation)

• Profit Target Zones: 0.730 (measured move), 0.800 (prior March swing high)

• Risk-Reward Estimate: Entry at 0.680, SL at 0.605, TP at 0.800 → ~1:1.7 R:R (slightly below ideal 1:2)

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5. Forward-Looking Bias

• Bias: Bullish Continuation

  • Price action and volume support further upside toward 0.730–0.800

  • Short-term retests of 0.660–0.610 possible if momentum slows

• Catalyst Watch: Pending quarterly earnings (based on typical SGX cycle), prior volume spike near “E” likely event-driven

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Execution Summary

Buying AZTECH GBL (8AZ.SGX) because price broke out of multi-month range with expanding volume through 0.610 and is now challenging 0.685 resistance, with stops at 0.605 targeting 0.800 for ~1:1.7 risk-reward ratio.
Confidence Rating: 7.5/10
Key Levels to Watch:

• Resistance: 0.685 (current), 0.730, 0.800

• Support: 0.610 (breakout base), 0.550 (institutional accumulation)

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✅ Pre-Execution Checklist:

• Confirm volume continuation next bar above 0.685

• Set alerts at 0.685 and 0.730

• Validate weekly structure for alignment

• Prepare scale-out strategy near 0.730

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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