Technical Analysis – LHN (SGX: 410) | Daily Chart | Nov 2024–Jul 25, 2025
Market Regime Classification: Trending with Recent Transition Signs
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Strong bullish trend through June and early July with vertical price displacement.
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Transition behavior emerged post $0.875–$0.880, signaling potential short-term top exhaustion.
Top 5 High-Conviction Observations
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Clear Bullish Breakout with Institutional Drive
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Displacement move from $0.50 → $0.875 within 5 weeks.
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Large bullish bars with increasing volume confirm institutional demand.
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Volume expansion supports price movement, confirming breakout legitimacy.
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Exhaustion Warning – Climax Volume Bar on July 18
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Wide-range up bar ($0.875 high) with climactic volume → signals buyer exhaustion.
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Followed by three days of small-bodied candles on declining volume → suggests demand fatigue.
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Micro Structure Breakdown Attempt
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Current bar (July 25) shows bearish close near low of the day ($0.850) with above-average volume.
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Potential Change of Character (CHoCH) if price breaks below $0.840–$0.825 support zone.
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Absorption & Distribution Signals Emerging
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Last 5 bars show high volume but tight trading range → indicative of institutional distribution or absorption.
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Price struggling to push above $0.880 despite efforts → possible supply zone formation.
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Key Swing Levels Mapped
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Swing Highs (SH): $0.550 → $0.875
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Swing Lows (SL): $0.375 → $0.625 → $0.740 (minor HL)
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No break of structural low yet, but bar structure compression is a warning signal.
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Price Level & Structural Insights
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Support Zones:
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$0.825–$0.840: Minor demand zone, watch for defense.
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$0.740–$0.750: Last consolidation base, high-probability reaction zone.
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Resistance Zone:
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$0.880: Local top and supply zone. Failure to break indicates distribution.
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Volume Cluster Range: $0.500–$0.625: Long-term institutional accumulation base.
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Fair Value Gap (FVG): $0.685–$0.735 (fast move may revisit this inefficiency if selling intensifies).
Volume-Price Dynamics Summary
| Price Action Type | Volume Signature | Interpretation |
|---|---|---|
| Wide Up Bar (July 18) | High Volume | Buyer Exhaustion (Climactic) |
| Tight Range (July 22–24) | Moderate to High Volume | Absorption/Distribution |
| Current Red Bar (July 25) | Elevated Volume | Selling Pressure Confirmed |
Psychological & Structural Anchors
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Psychological Levels:
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$0.500 (strong base) and $0.750 (round-number pivot)
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ATR Consideration:
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Current daily ATR ~0.035 → Recent bar sizes exceed 1.5× ATR (sign of volatility expansion)
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Forward-Looking Trade Bias
Selling LHN (SGX: 410) because climactic volume, absorption signs, and compression post-displacement signal potential short-term top with stops at $0.885, targeting $0.750 for 2.5R risk-reward ratio.
Confidence Score: 8/10
Key Levels to Watch
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Immediate Support: $0.840 → Breakdown = CHoCH confirmation
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Major Support Zones: $0.750 / $0.685 (FVG zone)
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Overhead Resistance: $0.880 → Supply barrier
✅ Pre-Execution Checklist
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Confirm price closes below $0.840 to activate short bias
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Monitor volume behavior for confirmation of distribution (high vol + no price progress)
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Watch broader market/Sector trend for correlation strength
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Use ATR for stop placement beyond structural highs
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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