Stock Name & Ticker: PropNex Ltd. (OYY, SGX)
-
Timeframe: Daily (Jan 2025 – Aug 27, 2025)
-
Number of Bars in Period: ~165 trading sessions
-
Last Traded Price: SGD 2.30
-
Price Range in Period: Low 0.925 → High 2.32
1. Market Structure & Order Flow
-
Swing Highs (SH): 1.15 (Jan), 1.17 (Mar), 1.17 (Apr), 1.11 (May), 2.32 (Aug high).
-
Swing Lows (SL): 1.07 (Mar), 0.99 (Apr), 1.00 (Jun), 1.03 (Jul).
-
Trend Structure:
-
Sideways consolidation (Jan–Jul, 0.95–1.20 range).
-
Strong breakout in Aug → vertical trend move, +120% gain in ~6 weeks.
-
-
Break of Structure (BOS):
-
BOS above 1.20 confirmed in July → triggered institutional breakout run.
-
-
Current Momentum:
-
Bar ranges widening with consistent HH/HL → parabolic trend regime.
-
Some overlap in last 5–6 candles → potential momentum cooling near 2.30.
-
2. Volume-Price Relationship (VPR)
-
Accumulation: Volume stayed muted during 6-month base (0.95–1.20).
-
Breakout: Explosive volume expansion in late July, confirming institutional entry.
-
Climax Behavior: Wide bars + high volume in mid-Aug → potential buying climax.
-
Recent Action: Last 3 candles show reduced body size with persistent high volume = absorption near 2.30.
3. Institutional Footprints
-
Liquidity Grab: Sharp flush to 0.925 (June low) before rally = stop-hunt / spring.
-
Order Block: Demand zone around 1.00–1.10 → base for August rally.
-
Displacement: Powerful Aug move from 1.20 → 2.20 with minimal retracement = clear institutional displacement.
-
Fair Value Gap (FVG): Open imbalance left between 1.40–1.60 (likely retest zone if pullback begins).
4. Bar Pattern Recognition
-
Continuation: Series of strong bullish full-bodied candles (trend confirmation).
-
Exhaustion Signs: Last few bars = smaller real bodies, some upper wicks → supply emerging at 2.30–2.32.
-
No major reversal bar yet (no engulfing/pin bar), but tightening range hints at imminent decision.
5. Multi-Timeframe Confluence
-
Weekly: Breakout from 2-year base (0.90–1.20 zone). Strong macro bullish.
-
Daily: Extended vertical move, at risk of overextension.
-
Confluence: Short-term extended but higher timeframe trend intact.
6. Psychological Levels
-
2.00: Clean psychological breakout level (now support).
-
2.50: Next round number magnet if breakout sustains.
-
1.80 & 1.60: Key pullback demand zones if retracement unfolds.
7. Market Regime Classification
-
Trending Regime: Confirmed strong uptrend.
-
Warning: Entering potential climactic extension phase with risk of corrective pullback.
8. Risk-Adjusted Setup Zones
-
Bullish Continuation: If price holds above 2.20–2.25, next leg toward 2.50 possible.
-
Bearish Risk: Breakdown below 2.20 could trigger retracement to 1.80–1.60 FVG zone.
-
Stops: Below 2.20 for momentum longs, below 1.95 for swing longs.
9. High-Conviction Observations
-
Strong breakout from multi-month base – clear institutional buying.
-
Vertical rally may be in late acceleration phase – potential near-term exhaustion.
-
Volume absorption near 2.30 suggests supply emerging.
-
Fair Value Gap 1.40–1.60 is likely retest zone if correction occurs.
-
Weekly macro remains bullish, but risk of sharp retracement due to extension.
Trade Summary
-
Bias: Selling OYY because price shows climactic exhaustion near 2.30 after parabolic rally with signs of absorption.
-
Stops: Above 2.35
-
Target: 1.80 (first demand zone retest)
-
Risk-Reward: ~1:3
-
Confidence Rating: 7/10
-
Key Levels to Watch: Support 2.20 / 2.00 / 1.80 | Resistance 2.32 / 2.50
✅ Pre-Execution Checklist
-
Confirm multi-timeframe bias (weekly bullish, daily overextended).
-
Align with risk tolerance (accept retracement volatility).
-
Size position based on stop distance, not capital % guesswork.
-
Monitor volume behavior at 2.20–2.25 (key pivot).
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: 2.30%
No comments:
Post a Comment