Stock: Frasers Logistics & Commercial Trust (SGX: BUOU)
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Timeframe: Daily
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Date Range: Oct 2024 – Jul 2025
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Bars Analyzed: ~180 trading days
📊 MARKET REGIME CLASSIFICATION: TRANSITION TO RANGE
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Price has shifted from a persistent downtrend (Oct–Dec 2024) to accumulation/ranging phase (Mar–Jul 2025).
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Current structure reflects lower volatility, repeated re-tests of demand zones, and failure to break down further—indicative of absorption and potential early accumulation.
🔍 HIGH-CONVICTION OBSERVATIONS:
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Swing Structure & Change of Character
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Clear downtrend from Oct to mid-Dec with progressive lower highs and lower lows.
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Change of Character (CHoCH) occurred post-0.7555 low in April, followed by higher low at 0.775 in May and now stabilizing near 0.845—suggesting weakening bearish momentum.
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Short-term BOS occurred with break above 0.825, invalidating prior lower high.
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Volume-Price Relationship (VPR)
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Climactic volume spike at 0.7555 low (April) with wide-range bar—likely capitulation and absorption by strong hands.
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Subsequent rally to 0.925 (May) occurred on expanding volume, confirming institutional participation.
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Recent rally from 0.775 to 0.875 (Jun–Jul) showing volume tapering—potential stealth accumulation.
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Institutional Footprints
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April 0.7555 bar = likely Spring in Wyckoff methodology with sharp recovery and V-shaped reversal.
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Repeated test/retest at 0.775 level (June) suggests institutionally validated support zone.
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Order block zone near 0.825–0.835 acting as demand base and accumulation platform.
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Bar Structure & Pattern Recognition
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May 2025 shows bullish engulfing candle off demand base at 0.775, marking strong reversal bar.
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July rally stalling below 0.875 with smaller candles and reduced range suggests minor pullback or re-accumulation pause.
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Key Structural & Psychological Levels
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Support: 0.775 (Spring Low), 0.825 (Order Block), 0.850 (Recent Retest Zone)
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Resistance: 0.875 (Local high), 0.900 (Supply zone), 0.935 (Range top and liquidity pool)
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0.850 is a critical psychological round level—currently acting as a decision pivot.
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🧠 MULTI-TIMEFRAME CONTEXTUAL BIAS:
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Likely higher timeframe support exists near 0.750–0.775 zone.
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This range-bound structure (0.7555–0.935) may be mid-to-late stage accumulation prior to a more decisive breakout move.
📌 RISK MANAGEMENT & SETUP MAPPING:
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Entry Zone: 0.840–0.845 (pullback into breakout base)
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Stop Level: Below 0.825 (structure invalidation zone)
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Target Zones:
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1st: 0.875 (minor resistance)
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2nd: 0.900 (supply zone)
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3rd: 0.935 (range top/liquidity grab zone)
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RR Scenarios:
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Target 1: ~1.5R
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Target 2: ~2.75R
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Target 3: ~4.5R
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📈 SCENARIO SUMMARY:
Buying BUOU because price has transitioned from a downtrend into accumulation with institutional absorption evident at 0.7555 and support validation at 0.775–0.825, with stops at 0.825, targeting 0.900–0.935 for 2.75R–4.5R, confidence rating: 7.5/10.
🔑 KEY LEVELS TO WATCH:
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Support: 0.775 (major spring), 0.825 (structure base), 0.850 (pivot)
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Resistance: 0.875 (minor cap), 0.900 (supply), 0.935 (liquidity trap)
✅ PRE-TRADE CHECKLIST:
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☑ Volume expansion on rallies
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☑ Confirm absorption on pullbacks
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☑ Risk defined by structure (not arbitrary)
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☑ Avoid front-running breakouts without volume confirmation
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: 8.05%
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