Technical Analysis for Singapore Post (S08, SGX) on the Daily timeframe, covering the period from Nov 2024 – Aug 18, 2025. Last traded price: SGD 0.505.
1. Market Structure & Order Flow
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Trend Mapping:
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Key Swing Lows (SL): 0.495 (Dec), 0.530 (Jan), 0.540 (Mar), 0.485 (Apr), 0.480 (Aug).
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Key Swing Highs (SH): 0.600 (Dec), 0.585 (Mar), 0.635 (May), 0.660 (Jul).
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Break of Structure (BOS): After topping at 0.660 (July), sharp break lower through 0.600 support confirms trend reversal from uptrend → downtrend.
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Current regime: Ranging / consolidation between 0.480–0.520 after capitulation.
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Momentum Decay: Noticeable loss of follow-through after the 0.660 high; overlapping bars and compressed ranges suggest weakening institutional drive.
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Order Flow:
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Heavy downside displacement candles in July with high volume → clear institutional distribution.
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Absorption around 0.490–0.505 seen in August, with high volume but limited downside → possible base formation.
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2. Volume–Price Relationship (VPR)
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Volume Spikes:
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April selloff to 0.485 on high volume → climactic flush, followed by immediate rebound (shakeout).
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July–Aug: Heavy red volume during breakdown below 0.520, then stabilization at 0.480–0.500 → potential absorption zone.
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Volume Divergence: Price retested 0.480 low on lower volume than previous selloff → sellers weakening.
3. Institutional Footprints
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Liquidity Grab: July breakdown below 0.520 trapped longs; stops triggered at 0.500–0.490.
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Order Block: Bearish order block formed near 0.620–0.635; strong supply zone above.
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Fair Value Gap: Exists between 0.550–0.570 (likely to be retested if accumulation holds).
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Accumulation Phase: August volume base-building around 0.480–0.505 resembles Wyckoff “PSY + ST” phase.
4. Bar Pattern Recognition
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Reversal Patterns:
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Long lower wicks near 0.480 support (Aug) suggest demand stepping in.
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Continuation:
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Inside-bar cluster forming at 0.500–0.510, suggesting coiled energy.
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Indecision:
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Several doji/spinning tops → market testing supply/demand equilibrium.
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5. Multi-Timeframe Confluence
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Weekly Chart Bias: Still bearish (lower highs, lower lows since 0.660).
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Daily Chart Bias: Neutral-to-slightly bullish near-term, provided 0.480 holds.
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Confluence Zone: 0.480–0.500 demand zone aligns across daily & weekly.
6. Psychological Levels
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0.500: Strong round-number pivot; currently acting as balance point.
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0.600: Major psychological + structural resistance.
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ATR context: Recent moves extended; compression now indicates volatility reset.
7. Risk-Adjusted Setup
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Support Zone: 0.480–0.500 (buy side liquidity).
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Resistance Zones: 0.540 (first test), 0.585, then 0.620–0.635 supply.
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Stop Zone: Below 0.475 (structural invalidation).
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Target Zone: First 0.540 (RR ~1:2), extension to 0.585 (RR ~1:3).
8. Market Regime
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Transition regime → from downtrend into potential accumulation/ranging base.
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False breaks and indecision bars highlight institutional testing.
9. Institutional Supply/Demand Zones
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Demand: 0.480–0.500 (accumulation footprints).
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Supply: 0.620–0.635 (distribution order block).
10. Catalyst & Context
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Recent drop aligned with earnings release (July selloff volume spike).
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No fresh news visible in August; consolidation appears technical, not news-driven.
Trade Summary
Positioning for buying SingPost (S08) because price is showing institutional absorption and accumulation signs at 0.480–0.500 with reduced selling pressure.
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Stops: 0.475
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Targets: 0.540 (first), 0.585 (second)
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Risk–Reward: 1:2 to 1:3
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Confidence Rating: 6.5 / 10
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Key Levels to Watch: 0.480 (support), 0.540 (resistance), 0.585 (extension target).
✅ Pre-Trade Checklist:
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Confirm daily closing above 0.505–0.510 range to validate absorption.
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Monitor volume → must increase on breakout above 0.520.
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Adjust position sizing to risk ≤ 1% of capital per trade.
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: 1.78%
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