Netlink NBN Trust - 18 Jul 25

NETLINK NBN TR (SGX: CJLU) – Daily Chart 
Timeframe: Daily
Date Range: Late October 2024 to 18 July 2025
Bars Analyzed: ~180

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🔍 Current Market Regime:

Transitioning from Accumulation to Emerging Uptrend

• Evidence of sustained higher lows since April 2025

• Clear breakout above mid-structure resistance of 0.880 with rising volume

• Potential change of character (CHoCH) confirmed with break above 0.890

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✅ Highest Conviction Observations

1. Market Structure & Order Flow:

   • Swing Lows: 0.845 (Jan), 0.850 (Apr), 0.865 (Jun)

   • Swing Highs: 0.880 (Feb), 0.930 (May)

   • Break of Structure (BOS): Confirmed at 0.880 and again at 0.890 with bullish continuation

   • Trend now showing higher highs and higher lows – transition toward bullish regime

2. Volume-Price Relationship (VPR):

   • Accumulation Zone: Long, low-vol consolidation between Mar–Jun near 0.850–0.865

   • Volume Dry-Up → Expansion: Clear dry-up at 0.865, followed by breakout volume mid-July

   • Latest bar shows volume expansion with bullish close, confirming demand presence

3. Institutional Footprints:

   • Likely order block at 0.850 zone (long-bodied bullish reversal from demand zone)

   • Smart Money accumulation likely from April–June (tight ranges + controlled pullbacks)

   • Potential Fair Value Gap (FVG) between 0.875–0.885 zone, now being used as support

4. Bar Pattern Analysis:

   • Multiple small-bodied candles with higher lows → sign of absorption

   • Latest bars show consistent bullish closes with minor upper wicks → controlled mark-up

   • Minor inside bars mid-July have broken to upside with increasing range → flag breakout

5. Psychological & Technical Confluence:

   • Stronghold reclaim of round number 0.900 psychological resistance

   • Previous resistance (0.880) now acting as support after flip – classic S/R role reversal

   • Next supply zone located near 0.915–0.930, the May double-top

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📊 Multi-Timeframe Confluence

• Likely weekly higher low confirmed off 0.850 zone

• Daily structure building a base for higher timeframe shift

• Compression breakout in progress, with potential to test 0.930–0.940

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⚠️ Risk Management & Execution Strategy

• Entry Zone Consideration: 0.895–0.900 (on retest or consolidation breakout)

• Stop Loss: Below recent swing low support at 0.880 (structure invalidation zone)

• Target 1: 0.915 (minor resistance)

• Target 2: 0.930 (recent high)

• Target 3 (Extension): 0.950 (psych level + projected range expansion)

• Risk-Reward Ratios:

  • To 0.915 → ~1.25

  • To 0.930 → ~1.5

  • To 0.950 → ~2.5

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📅 Forward-Looking Bias & Key Levels to Watch

• Bullish bias as long as 0.880 holds

• Watch for consolidation above 0.900 with volume retention

• Break above 0.915–0.930 = confirmation of breakout regime

• Volume anomalies or sudden reversals near 0.930 could indicate supply reload zone

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🧠 Trade Summary Statement Format:

Buying CJLU because price broke out above multi-month resistance with expanding volume and bullish structure, with stops at 0.880 targeting 0.930 and 0.950 for a 1:1.5 to 1:2.5 R:R setup.
Confidence Rating: 7.5 / 10
Key Levels: Support – 0.880 / 0.865 | Resistance – 0.915 / 0.930 / 0.950

✅ Pre-Execution Checklist:

• Retest confirmation of 0.900?

• Volume holding above 20-bar average?

• No bearish reversal bar before entry?

• Reward-to-risk ≥ 1:2?

• Clean exit plan?

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:  5.89%