Stock Name & Ticker Symbol: ComfortDelGro Corporation Limited (SGX: C52)
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Chart Timeframe: Daily (Jan – Aug 2025)
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Number of Bars in Analysis: ~8 months of trading (≈ 170 bars)
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Last Traded Price: SGD 1.45
🔎 Market Structure & Order Flow
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Trend Structure Identification
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Swing Lows (SL): 1.34 (Feb), 1.36 (Apr), 1.39 (Jun), 1.40 (Jul), 1.34 (Aug).
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Swing Highs (SH): 1.48 (Jan), 1.47 (Mar), 1.55 (May), 1.64 (Jul), 1.60 (Aug).
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Recent BOS: Break above 1.55 (May) created higher high → continuation to 1.64.
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CHoCH: Breakdown below 1.50 support (Aug) shifted structure from uptrend → transition → bearish bias.
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Order Flow Analysis
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Rising move into 1.64 was followed by heavy selling, wide red bars, and volume spikes → distribution phase evidence.
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Recent price rejection from 1.60 → 1.45 confirms strong overhead supply.
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📈 Volume-Price Relationship (VPR)
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High Volume + Wide Range: Seen at July 2025 run-up to 1.64 → institutional push-up followed by heavy profit-taking.
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Absorption: Around 1.45–1.47 zone (current level) → repeated tests with moderate volume but no follow-through.
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Volume Divergence: Price peaked at 1.64, but volume on 1.60 retest was lower → exhaustion signal.
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Climactic Selling: August breakdown showed a supply-driven move, confirmed by strong red candle clusters.
🏦 Institutional Footprints
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Liquidity Grab: Spike above 1.60 (Aug) quickly reversed → clear stop-hunt before distribution.
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Order Block: Last bullish cluster at 1.47–1.50 now acting as resistance.
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Fair Value Gap: Gap-like inefficiency between 1.47–1.53 likely to be retested before further downside.
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Displacement Move: The drop from 1.60 → 1.45 was fast, broad, and volume-backed → smart money offloading.
🕯️ Bar Pattern Recognition
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Pin Bar Reversals: Long upper wick near 1.64 (July) signaled exhaustion.
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Engulfing Patterns: Bearish engulfing around 1.60 (Aug) confirmed sellers in control.
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Inside Bars: Ongoing price compression between 1.40–1.47 → coiled energy before breakout.
⏳ Multi-Timeframe Confluence
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Daily Bias: Bearish-to-neutral → trapped between 1.40 support and 1.50 resistance.
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Weekly Bias: Large distribution top around 1.60–1.64, rejection confirms shift into consolidation → bearish tilt.
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Confluence Zone: 1.47–1.50 = key resistance aligning daily + weekly structure.
💵 Psychological Levels & ATR Context
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Round Numbers: 1.40 and 1.50 acting as strong magnets (supply/demand).
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ATR Context: Recent wide bars suggest volatility expansion phase → risk management crucial.
🎯 Risk-Adjusted Setup Identification
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Stop Placement: Above 1.50–1.53 order block.
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Target Zone: Retest of 1.36–1.34 demand zone.
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Risk-Reward Estimate: ~1:2 if short from 1.47–1.48 targeting 1.36.
📌 Market Regime Classification
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Transition Regime → Bearish Bias.
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Evidence: failed breakout above 1.60, volume exhaustion, current consolidation under supply.
⚖️ Institutional Supply/Demand Analysis
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Supply Zone: 1.50–1.53 (distribution block).
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Demand Zone: 1.36–1.34 (historical demand tested multiple times).
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Imbalance: Supply currently overwhelming demand; absorption signs not yet clear.
🔮 Forward-Looking Bias & Key Levels
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Upside Resistance: 1.47 / 1.50 / 1.55
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Downside Support: 1.40 / 1.36 / 1.34
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Bias: Bearish unless daily close above 1.50 confirms structure shift.
✅ Trade Summary
Selling ComfortDelGro (C52) because distribution phase confirmed at 1.60–1.64 with bearish engulfing breakdown, with stops at 1.53 targeting 1.36 for ~1:2 risk-reward.
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Confidence Rating: 7.5 / 10
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Key Levels to Watch: 1.47 (supply), 1.40 (support), 1.36–1.34 (final demand).
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Execution Checklist:
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Confirm daily rejection at 1.47–1.50 zone
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Ensure volume contraction before entry (avoid chasing)
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Align with weekly bearish bias
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Define stop-loss precisely above order block
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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: 5.38%
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