UNION GAS HOLDINGS LTD (SGX: 1F2) – Daily Chart – Analysis up to 15 Aug 2025
Bars in Analysis Period: ~12 months (~250 daily bars)
Last Traded Price: 0.370 SGD
Market Regime Classification:
Transitioning from Parabolic Uptrend to Early Distribution Phase
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The chart shows a prolonged low-volatility base between 0.305–0.350 for nearly a year, followed by an explosive breakout above 0.350.
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This up-move peaked near 0.560 with extremely high volume, followed by aggressive selling and wide-range down bars — indicative of profit-taking and early distribution by strong hands.
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Current regime shows increasing volatility, wide bars, and overlapping price action — signaling a shift away from trending conditions.
Highest Conviction Observations:
1. Market Structure & Order Flow
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Swing Highs (SH): 0.350 (Nov 2024), 0.340 (Jun 2025), 0.560 (Aug 2025).
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Swing Lows (SL): 0.305 (Apr 2025), 0.320 (Jun 2025).
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Break of Structure (BOS): Occurred when price surged above 0.350 with strong momentum in late July 2025.
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Change of Character (CHoCH): After peaking at 0.560, strong down-bars with heavy volume broke short-term support at 0.400 — a sign of trend momentum exhaustion.
2. Volume-Price Relationship (VPR)
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The breakout leg from ~0.320 to 0.560 was accompanied by sustained volume expansion, confirming institutional participation.
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Climactic selling volume appeared after the top, with wide-range red bars from 0.520 to 0.400 in just 3 sessions — a likely combination of institutional distribution and retail panic.
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Current sessions show absorption attempts near 0.370 — smaller bodies despite elevated volume, suggesting strong hands testing demand.
3. Institutional Footprint Recognition
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The large wick rejection near 0.560 signals a liquidity grab — stops above psychological 0.550 were triggered before aggressive sell orders hit.
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Potential bearish order block exists between 0.480–0.520, where heavy sell pressure first appeared.
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Price is currently testing a former breakout level (0.350–0.370) — key demand zone that may either hold for a retest bounce or fail to confirm a reversal.
4. Bar Pattern Recognition
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Multiple wide-range engulfing bars on the downside after the peak — showing decisive control by sellers.
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Latest daily bars show narrow range + higher volume, a potential sign of short-term demand absorption but still within a corrective leg.
5. Multi-Timeframe Confluence
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On a weekly chart, the recent rally is the first major breakout from a year-long base, but the reversal candles suggest profit-taking.
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Daily support at 0.350 aligns with weekly breakout structure — a critical battleground.
Key Levels to Watch:
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Immediate Resistance: 0.400 (minor), 0.480–0.520 (major order block)
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Immediate Support: 0.350 (breakout retest), 0.320 (structural low)
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Psychological Levels: 0.500 (round number), 0.300 (long-term base floor)
Forward-Looking Bias:
Bias remains neutral-to-bearish short-term unless 0.400 is reclaimed on strong volume. Sustained closes below 0.350 will likely invite further downside toward 0.320. A confirmed defense of 0.350 with expanding volume could fuel a technical rebound, but upside will likely face supply pressure at 0.480+.
Trade Summary:
Selling UNION GAS because strong post-climax distribution is unfolding, with stops above 0.400 targeting 0.320 for ~2.5R risk-reward ratio.
Confidence Rating: 7/10
Checklist Before Execution:
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Confirm 0.350 breakdown or rejection at 0.400 with intraday volume confirmation.
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Watch for false breakdown traps — avoid chasing without clear follow-through.
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Adjust position size for elevated volatility post-breakout.
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: 4.05%
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