Arthur Wang Technical Analysis: September 2025

Tuesday, September 30, 2025

Metro Holdings - 30 Sep 2025

Stock Name & Code: Metro Holdings Ltd (M01.SI)
Timeframe: Daily (1D)
Date Range: Jan 2025 – Sep 2025 (~200 bars)
Last Traded Price: 0.520 SGD
Range Observed: Low 0.305 – High 0.595

1. Market Structure & Order Flow

Macro Structure:
- Downtrend from Jan → Apr (0.475 → 0.305).
- Accumulation base May–Jun (0.305–0.415).
- Break of structure (BOS) in Aug above 0.470 resistance, shifting regime to bullish.
- Recent rally peaked at 0.595 (Sep) followed by sharp retracement to 0.520.
Swing Highs (SH): 0.435 → 0.415 → 0.470 → 0.480 → 0.595
Swing Lows (SL): 0.400 → 0.305 → 0.360 → 0.385 → 0.405
Trend Momentum:
- Aug–Sep: Expansion phase with wide bodies and large volume.
- Post-peak: Decay visible with overlapping bars, sign of profit-taking and short-term exhaustion.

2. Volume-Price Relationship (VPR)

Accumulation (May–Jul): Flat price with rising volume near 0.360–0.405 = absorption by strong hands.
Breakout (Sep): Wide-range bars on massive volume → institutional breakout confirmed.
Recent Pullback: Declining volume on red candles after 0.595 → profit-taking, not aggressive selling.
Volume Divergence: Price made new high (0.595) but volume did not exceed initial breakout spike → possible short-term exhaustion.

3. Institutional Footprints

Liquidity Grab: Spike above 0.480 cleared stop orders, followed by explosive rally = clear smart money trigger.
Order Block: Bullish order block at 0.405–0.415 (last down bar before rally).
Fair Value Gap (FVG): 0.445–0.470 (thin liquidity zone, likely to be retested).
Displacement: Strong move Sep 15–22 confirmed institutional sponsorship.

4. Bar Pattern Recognition

Breakout Candle (Sep mid): Large green bar, high volume → continuation.
Exhaustion Bar (0.595 high): Long wick, heavy volume = buying climax.
Last 3 bars: Inside bar + narrow ranges at 0.520 → consolidation base forming.

5. Multi-Timeframe Confluence

Weekly chart bias = Bullish (shifted trend).
Daily = pullback within bullish structure.
Key confluence zones:
- Support: 0.480 (previous breakout level)
- Demand: 0.405–0.415 (order block)
- Resistance: 0.595 (recent high, supply zone)

6. Psychological Levels

0.500: Key round number support, tested and holding.
0.600: Psychological resistance, rejected on first test.

7. Risk-Adjusted Setup

Bias: Bullish continuation after pullback.
Entry Zone: 0.480–0.520 consolidation.
Stop Placement: Below 0.470 (last BOS).
Targets:
- TP1 = 0.595 retest (1:2 R:R).
- TP2 = 0.650 measured move extension (1:3 R:R).

8. Market Regime Classification

Current Regime: Transition → Trending Bullish.
Reason: Clear structural BOS, strong institutional volume, but short-term exhaustion.

9. Institutional Supply/Demand

Demand Zone: 0.405–0.415 (strong accumulation).
Supply Zone: 0.595–0.600 (distribution).
Imbalance Zone: 0.445–0.470 (likely to act as magnet if deeper pullback occurs).

✅ Forward Bias & Trade Summary

Buying Metro Holdings (M01.SI) because institutional breakout confirmed above 0.480 with absorption and consolidation at 0.520.
Stops: 0.470
Targets: 0.595 (TP1), 0.650 (TP2)
Risk-Reward: 1:2.5 approx.
Confidence Rating: 7.5/10 (solid institutional footprints, but near-term exhaustion risk).
Key Levels to Watch: 0.480 (support), 0.520 (pivot), 0.595 (resistance).

📋 Execution Checklist Before Trade:

Confirm higher timeframe bias → bullish ✅
Validate volume confirmation → absorption + breakout ✅
Set predefined stops/targets ✅
Monitor catalysts/news for sustained flow ⚠

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: 3.85%

Monday, September 29, 2025

KSH Holdings - 29 Sep 2025

Stock: KSH Holdings Limited (ER0.SI, SGX)
Timeframe: Daily (1D)
Date Range: Jan 2025 – Sep 29, 2025
Bars Analyzed: ~190 trading days YTD
Last Traded Price: SGD 0.380

1. Market Structure & Order Flow

Trend Structure:
- Early 2025: Range-bound between 0.185 – 0.250.
- Breakout in June → New structural high at 0.310 (Aug).
- Strong impulse → Extension to 0.425 (Sept).
- Pullback low tested 0.365 (current support zone).
Swing Highs (SH): 0.250 → 0.310 → 0.425
Swing Lows (SL): 0.185 → 0.200 → 0.240 → 0.275 → 0.365
Current Structure: Uptrend intact (higher highs/lows), but momentum weakening after September peak.
Change of Character (CHoCH): Early Sept uptrend climax → retrace suggests institutional distribution.

2. Volume-Price Relationship (VPR)

Volume Expansion:
- Breakouts at 0.260 and 0.310 validated by rising volume.
- Spike in Sept on move to 0.425 = climactic buying.
Volume Divergence:
- Price extended to 0.425, but declining follow-up volume → suggests exhaustion.
Absorption Evidence:
- Pullback into 0.365–0.380 zone shows lower volume → potential institutional re-accumulation.

3. Institutional Footprint Recognition

Liquidity Grab: Break above 0.400 toward 0.425 triggered stops, then sharp reversal (classic upthrust).
Order Block: Last bearish daily bar near 0.275–0.280 before strong rally → key demand zone.
Fair Value Gap (FVG): Between 0.310–0.340, may be retested if weakness persists.
Displacement Move: July–Sept up-leg from 0.275 → 0.425 showed strong institutional drive.

4. Bar Pattern Recognition

Sept Peak: Large bullish wide-range bars → followed by reversal bars (distribution candles).
Current Zone: Smaller-bodied candles, wicks on both ends → indecision / consolidation.
Inside Bar Complex: Tight range last few sessions between 0.365–0.385.

5. Multi-Timeframe Confluence

Weekly: Still bullish trend structure, but last week printed reversal candle.
Daily: Consolidating after peak, holding 0.365 as key support.

6. Psychological Levels

Round numbers: 0.400 (resistance), 0.300 (prior breakout base), 0.200 (structural floor).
ATR context: Recent daily bars wide (3–4 cents), showing volatility expansion post-breakout.

7. Risk-Adjusted Setup Identification

Long Bias only if 0.365 support holds.
Entry: Between 0.365–0.380 (demand absorption zone).
Stop: Below 0.355 (structural invalidation).
Targets:
- First TP: 0.400 (1:1.5 RR)
- Extended TP: 0.425 retest (1:2.5 RR)

8. Market Regime Classification

Transition Regime:
- Trend up, but stalling with volatility spikes.
- Absorption likely, but watch for breakdown below 0.365 → would confirm shift into range.

9. Institutional Supply/Demand Zones

Demand: 0.275–0.310 (order block zone), 0.365 (short-term support).
Supply: 0.400–0.425 (upthrust rejection zone).

🔑 Conviction Observations

Uptrend intact, but distribution signals visible at 0.425.
0.365–0.380 zone crucial – holds = accumulation, breaks = correction.
Volume divergence at peak suggests reduced institutional participation.
Liquidity grab at 0.425 implies retail trapped at highs.
Next directional move depends on reaction to 0.365 support.

🎯 Trade Summary

Buying KSH Holdings (ER0.SI) if 0.365 holds because price shows absorption after a climactic move, with stops at 0.355 targeting 0.425 for ~1:2.5 R/R.

Confidence Rating: 7/10
Key Levels: Support – 0.365 / 0.275 | Resistance – 0.400 / 0.425

✅ Execution Checklist Before Trade:

Confirm support holds on daily close.
Check for volume confirmation (expansion on up bars).
Align entry with broader market sentiment (SGX index trend).
Respect stops & position sizing discipline.

Saturday, September 27, 2025

Stock Alerts - 26 Sep 2025

Be Cautious!

Friday, September 26, 2025

PNE Industries - 26 Sep 2025

Stock Name & Ticker: PNE Industries Ltd (BDA.SI)
Timeframe: Daily (1D)
Date Range in view: ~Apr 2024 – Sep 2025
Number of bars analyzed: ~120–130 trading sessions visible
Last Traded Price: SGD 0.460

1. Market Structure & Order Flow

Trend Structure:
- Swing Highs (SH): 0.645 → 0.600 → 0.560 → 0.485
- Swing Lows (SL): 0.365 → 0.435 → 0.385 → 0.405
- Current structure: Range-bound consolidation between 0.435 – 0.500, with repeated liquidity sweeps.
Break of Structure / Change of Character:
- BOS occurred at 0.435 → 0.365 (downside sweep).
- CHoCH occurred when price reclaimed above 0.435, rejecting breakdown continuation.
Momentum Decay:
- Bar ranges are narrowing after the 0.600–0.645 spike → suggests energy compression.

2. Advanced Volume-Price Relationship

Absorption Signs:
- Around 0.460–0.485, repeated high volume + small range bars suggest institutional accumulation.
Climactic Action:
- 0.600–0.645 rally had wide-range bars + heavy volume, likely exhaustion buying.
Volume Divergence:
- Lower highs in price (0.560 → 0.485) while volume spikes persist = distribution bias.
Volume Expansion:
- Spikes near 0.385 & 0.405 lows = shakeout + demand absorption.

3. Institutional Footprint Recognition

Liquidity Grabs:
- Below 0.365 & 0.385, false breaks triggered retail stops before sharp reversals.
Order Blocks:
- Bullish OB near 0.435–0.445, respected multiple times.
Fair Value Gaps (FVG):
- Thin structure between 0.485–0.500, likely retest zone.
Accumulation Phase:
- Sideways structure with low-volume chop above 0.435 suggests stealth accumulation.

4. Bar Pattern Recognition

Reversal Bars:
- Hammer-like wick rejections at 0.385 & 0.405 → demand confirmation.
Engulfing Patterns:
- Multiple bullish engulfing attempts off lows, but weak follow-through → accumulation, not breakout yet.
Inside Bars:
- Coiling inside-bar structures between 0.455–0.475, building energy.

5. Multi-Timeframe Confluence

Higher timeframe (weekly) likely still consolidating between 0.400–0.600.
Daily compression inside this HTF range suggests breakout setup nearing.

6. Psychological Levels

0.400 (support) – strong psychological floor.
0.500 (resistance) – round number + structural ceiling.
0.600/0.645 (upper liquidity) – key upside magnet if breakout succeeds.

7. Risk-Adjusted Setup Identification

Bullish Zone: Accumulation above 0.435, risk defined below 0.405.
Upside Targets:
- TP1: 0.485
- TP2: 0.500 (major resistance)
- TP3: 0.560–0.600 (measured move breakout)
Risk/Reward: Entry 0.460, SL 0.405, TP2 0.500 → ~1:0.8 (weak). Needs TP3 for 1:2+.

8. Market Regime Classification

Ranging Regime: Price oscillating 0.435–0.500, multiple false breaks, low directional conviction.

9. Institutional Supply/Demand

Demand Zone: 0.405–0.435 accumulation area.
Supply Zone: 0.485–0.500 defended by sellers.

📌 Trade Summary

Bias: Accumulation phase inside 0.435–0.500. Smart money absorbing below 0.435. Breakout above 0.500 unlocks upside.
Plan:
- Buying PNE Industries (SGX: BDA) because price is ranging with institutional absorption near 0.435, with stops at 0.405 targeting 0.560–0.600 for ~1:3 risk-reward ratio.
- Confidence: 6.5 / 10
Key Levels to Watch:
- Support: 0.405 / 0.435
- Resistance: 0.485 / 0.500
- Breakout Magnet: 0.560–0.600

✅ Checklist before execution:

Confirm breakout volume > 30-day average
Ensure daily close above 0.500 for validation
Define risk clearly below 0.405

Thursday, September 25, 2025

Geo Energy - 25 Sep 2025

Stock: Geo Energy Resources Ltd. (RE4.SI, SGX)
Timeframe: Daily (Jan 2025 – Sep 2025)
Number of bars: ~190 (approx. 9 months)
Last traded price: 0.450 SGD
Range covered: Low 0.255 → High 0.460

1. Market Structure & Order Flow

Swing Highs (SH): 0.335 (Apr), 0.395 (Jun), 0.460 (Sep)
Swing Lows (SL): 0.255 (Mar), 0.265 (Apr), 0.320 (Jul), 0.330 (Aug)
Break of Structure (BOS):
- Apr: Breakout > 0.335 confirming uptrend resumption.
- Sep: Strong BOS above 0.395, clearing prior supply zone.
Trend Classification: Transition → Uptrend.
- Long consolidation Q2 (Apr–Aug) between 0.320–0.395.
- Momentum accelerated late Aug–Sep with expansion bars + volume surge.

2. Volume–Price Relationship (VPR)

Accumulation Zone: Feb–Apr (0.255–0.295), persistent low-range + elevated volume (institutional absorption).
Breakout Confirmation: Sep rally saw volume expansion aligning with price breakout, validating demand > supply.
Current Observation: Last bars show tight spread + high volume → absorption of profit-taking at highs (institutions building).

3. Institutional Footprint Recognition

Liquidity Grab: Jul low (0.320) flushed stops before rally → classic Wyckoff spring action.
Order Block: Aug bullish impulse started from 0.350 zone (key demand).
Displacement Move: Sep breakout above 0.395 with large green bodies & minimal retracement → strong institutional control.
Fair Value Gap (FVG): Gap between 0.395–0.415 → likely retested if pullback occurs.

4. Bar Pattern Recognition

Aug–Sep: Consecutive wide-body bullish candles = continuation bars.
Recent (Sep 22–25): Narrow-bodied bars near 0.450–0.460 with rising volume → absorption, not exhaustion yet.
No clear reversal pin bar/shooting star yet → trend intact.

5. Multi-Timeframe Confluence

Daily Bias: Strong bullish breakout.
Weekly Structure: Higher high established above 0.395; clear shift from multi-month range → trend.
Confluence: 0.395 now support across daily/weekly.

6. Psychological & Key Levels

Round numbers: 0.300 (prior base), 0.400 (recent breakout), 0.450/0.500 (current resistance/psychological magnet).
ATR context: Daily swing ~0.01–0.015 → current volatility at upper range (sign of strong trend).

7. Risk-Adjusted Setup Zones

Entry zone (pullback): 0.415–0.395 demand retest (prior breakout zone).
Stop zone: Below 0.380 (invalidates structure).
Target zone: 0.500 round number (psychological + measured move from 0.330–0.395 leg).
Risk-Reward: Approx. 1:2.5 if entered near 0.415 with stop 0.380 and target 0.500.

8. Market Regime

Current: Trending (bullish).
Prior: Ranging (Apr–Aug).
Transition: Breakout confirmed in Sep with strong follow-through.

Key Conviction Observations

Institutional absorption Feb–Apr created long base (0.255–0.295).
Structural breakout >0.395 validated accumulation → uptrend.
Current 0.450 zone = absorption phase, not exhaustion.
Strong volume expansion confirms institutional sponsorship.
0.395–0.415 = critical demand zone for pullback entries.

Trade Summary

Buying RE4 because of institutional breakout above 0.395 with absorption near 0.450, stops at 0.380 targeting 0.500 for 1:2.5 RRR.
Confidence Rating: 8/10
Key Levels: Support 0.395–0.415, Resistance 0.460–0.500

📌 Execution Checklist:

Confirm breakout holds above 0.415
Watch volume on retests (low = healthy pullback, high red = distribution)
Align with weekly bullish bias

Wednesday, September 24, 2025

Wing Tai - 24 Sep 2025

Stock Name & Ticker: Wing Tai Holdings Limited (SGX: W05)
Chart Timeframe: Daily (Jan – Sep 2025)
Bars in Period: ~9 months of daily data (~180 bars)
Last Traded Price: SGD 1.41 (24 Sep 2025)

1. Market Structure & Order Flow

Macro Structure:
- Early 2025 downtrend from 1.27 → 1.00 (Apr low).
- Clear structural reversal after reclaiming 1.22 (BOS).
- Strong bullish rally: 1.00 → 1.47 (Aug high).
Current Structure:
- Market in range/transition regime: 1.34 (support) to 1.47 (resistance).
- Repeated failures at 1.44–1.47 indicate supply absorption.
- Momentum decay: smaller candle ranges, tight clustering → institutional distribution signs.

2. Volume–Price Relationship (VPR)

Key Observations:
- High volume + small candle ranges (Aug–Sep) → absorption, likely distribution at highs.
- Climactic wide bars (Apr & Jul) show institutional footprints in accumulation & markup phases.
- Current low-to-moderate volume consolidation under resistance → lack of fresh buyers.
- Volume divergence: price retests highs (1.44–1.47) but on declining volume → weakening demand.

3. Institutional Footprint Recognition

Liquidity Grabs: Spike to 1.47 in Aug triggered stops above prior highs (1.44), then immediate reversal → textbook liquidity raid.
Order Blocks: Bullish OB around 1.28–1.34 (July breakout origin).
Fair Value Gaps (FVGs): Gap-like inefficiency between 1.22–1.28 may be retested if weakness accelerates.
Accumulation/Distribution: Current action resembles Wyckoff distribution Phase B/C, testing top supply zone before markdown.

4. Bar Pattern Recognition

Reversal Bars: Multiple upper-wick rejections near 1.44–1.47 → exhaustion.
Continuation Bars: July breakout run was smooth series of higher closes with expanding volume.
Indecision: Recent cluster of spinning tops/doji around 1.41–1.44 = market indecision.

5. Multi-Timeframe Confluence

Weekly chart bias: Still bullish from 1.00 low, but facing heavy resistance.
Daily chart: Transition from bullish trend → sideways → potential reversal.
Confluence zone: 1.34–1.35 support critical; breakdown could confirm markdown phase.

6. Psychological Levels

Round number: 1.50 rejected just below → psychological cap.
Key levels:
- Resistance: 1.44–1.47
- Support: 1.34 / 1.28 / 1.22
- Structural low: 1.00

7. Risk-Adjusted Setup

Bullish case: Break + close above 1.47 with volume expansion → continuation towards 1.55–1.60.
Bearish case: Breakdown below 1.34 with volume confirmation → markdown towards 1.28 / 1.22.
Risk/Reward:
- Long above 1.47: R:R ≈ 1:2 (Stop 1.40, Target 1.60).
- Short below 1.34: R:R ≈ 1:3 (Stop 1.42, Target 1.22).

8. Market Regime

Current Regime: Distribution → Transition phase.
Increasing indecision, reduced follow-through, false breakouts → shift from markup to range/distribution.

9. Institutional Supply/Demand

Supply zone: 1.44–1.47 (heavy selling pressure).
Demand zone: 1.28–1.34 (prior breakout retest).
Effort vs. Result: High effort on highs but little result → clear distribution footprint.

Forward-Looking Bias

Market at inflection point:
- Above 1.47 → bullish continuation.
- Below 1.34 → bearish markdown.
Until breakout, sideways chop expected.

✅ Trade Summary

Selling Wing Tai Holdings (SGX: W05) because distribution footprints and repeated rejections at 1.44–1.47 with weakening volume suggest institutional selling, with stops at 1.48 targeting 1.28 for 1:3 R:R.

Confidence: 7/10
Key Levels: Support 1.34 / 1.28 / 1.22 | Resistance 1.44 / 1.47
Checklist:
- Confirm volume spike on breakdown
- Align with sector sentiment
- Manage risk strictly at structural levels

Tuesday, September 23, 2025

Hafary Holdings - 23 Sep 2025

Stock: Hafary Holdings Limited (5VS)
Exchange: SGX
Timeframe: Daily (Sep 2024 – Sep 2025)
Bars in view: ~12 months
Last traded price: SGD 0.530

1. Market Structure & Order Flow Analysis

Trend structure:
- Clear transition from accumulation (Nov–Apr, 0.26–0.37 range) into a strong uptrend (May–Sep).
- Swing Lows (SL): 0.260 → 0.290 → 0.445
- Swing Highs (SH): 0.325 → 0.370 → 0.525 → 0.600
- Market structure: Higher highs & higher lows (bullish trend intact).
Break of Structure (BOS): Occurred in July when price broke 0.370 resistance decisively with volume expansion.
Change of Character (CHoCH): Minor pullback around Sep (0.445), but price held structure.

2. Advanced Volume-Price Relationship (VPR) Analysis

Volume expansion: Seen strongly in July during breakout (0.370 → 0.525).
Absorption: August showed high volume, small body candles near 0.510–0.525, suggesting institutional accumulation.
Volume divergence: Price made new high (0.600) but volume did not expand significantly → possible short-term exhaustion.

3. Institutional Footprint Recognition

Liquidity grab: Spike to 0.600 looks like a stop hunt before price retraced back to 0.510–0.530 support.
Order block: Demand zone at 0.445–0.465 (last down bar before the sharp rally).
Fair Value Gap (FVG): Between 0.480–0.510, partially filled on pullback.
Accumulation phase: Nov–Apr base formation.

4. Bar Pattern Recognition

Reversal signals: Long upper wick rejection at 0.600 (potential exhaustion).
Continuation patterns: Current price action forming a tight consolidation between 0.510–0.530 → potential re-accumulation.
Inside bars: Multiple inside bar clusters around 0.510 indicate energy build-up.

5. Multi-Timeframe Confluence

Daily trend: Uptrend but consolidating.
Weekly trend: Strong bullish structure, last major BOS above 0.370.
Confluence zone: 0.510–0.525 = key daily + weekly support.

6. Psychological Level Integration

Round numbers: 0.50 and 0.60 acting as key psychological barriers.
ATR check: Recent bars suggest volatility expansion after months of compression.

7. Risk-Adjusted Setup Identification

Entry zone: 0.510–0.525 support cluster.
Stop loss: Below 0.445 structural low.
Targets:
- First target: Retest 0.600 high
- Secondary target: 0.650 (measured move projection from July rally).
Risk-Reward: ~1:2.5 if buying near 0.520 with stop at 0.445.

8. Market Regime Classification

Current regime: Transitioning from strong uptrend → consolidation (re-accumulation phase).
Price still respecting bullish structure, no breakdown signs yet.

9. Institutional Supply/Demand Analysis

Demand: Strong absorption at 0.510–0.525.
Supply: Present near 0.600 (short-term profit-taking).
Effort vs. Result: High effort (volume spikes in August/September) but sideways result = institutions loading positions.

Forward-Looking Bias & Trade Plan

Bias: Bullish, provided 0.510–0.525 holds.
Key Levels:
- Support: 0.510 / 0.445
- Resistance: 0.600 / 0.650
Setup:
- Buying 5VS because of institutional absorption near 0.510 support inside an ongoing uptrend, with stops at 0.445 targeting 0.600 (T1) and 0.650 (T2) for ~1:2.5 risk-reward.
Confidence rating: 7.5/10

✅ Pre-Execution Checklist

Check earnings/news schedule
Confirm volume trend on intraday timeframes
Align with SGX market sentiment
Adjust position sizing to risk tolerance

Monday, September 22, 2025

ISEC - 22 Sep 2025

Stock: ISEC Healthcare Ltd (Ticker: 40T.SI, SGX)
Timeframe: Daily (Apr 2025 – Sep 2025)
Bars Analyzed: ~120 daily candles
Last Traded Price: 0.345 SGD (Sep 22, 2025)

1. Market Structure & Order Flow

Trend Classification:
- Major structure: Ranging / Sideways (0.315–0.380 zone dominant).
- Long-term high: 0.475 (May 2025) → progressively lower highs (0.460, 0.450, 0.425, 0.380, 0.370).
- Lows: 0.350 → 0.325 → 0.315 → 0.250 (capitulation), then mild recovery.
Break of Structure (BOS):
- June: break below 0.350 confirmed bearish shift.
- August: BOS at 0.315 → 0.250 (selling climax).
Change of Character (CHoCH):
- Recovery above 0.335 in Sep, stabilizing around 0.345 (potential bottoming).

2. Volume-Price Relationship (VPR)

Capitulation Spike: 0.250 low came with extreme volume → likely retail panic + institutional absorption.
Absorption Zones:
- 0.315–0.335 → multiple re-tests with supportive volume.
Volume Divergence:
- Price stabilized (0.335–0.370) but volume steadily declined → lack of conviction.
Climactic Activity: Wide bar drop to 0.290 (July) then sharp rebound → institutional shakeout.

3. Institutional Footprints

Liquidity Grab: The 0.250 low was a stop-run beneath the obvious 0.315–0.325 support.
Order Block Zone: The last bearish candle before rebound (around 0.315–0.325) → potential institutional demand block.
Fair Value Gap (FVG): Exists between 0.335–0.350 (thin liquidity, repeated fills).

4. Bar Pattern Recognition

Reversal Bars:
- Strong rejection wick at 0.250 with immediate rebound → classic Spring action (Wyckoff Accumulation Phase C).
Continuation Bars:
- Inside-bar clusters around 0.335–0.345 → coiling energy.
Indecision: Spinning tops around 0.365–0.370 show supply still overhead.

5. Multi-Timeframe Confluence

Weekly timeframe bias: Still range-to-downtrend, but daily attempting base-building.
Confluence: 0.315–0.325 zone has strong overlap across multiple timeframes → key demand area.

6. Psychological & Key Levels

Round number magnet: 0.350 acting as pivot.
Key Resistance: 0.370, 0.380, 0.425.
Key Support: 0.335, 0.315, major floor 0.250.

7. Market Regime

Classification: Transition from bearish trend → early accumulation/range regime.
Characteristics: Volatility compressing, volume drying, range-bound structure.

8. Institutional Supply/Demand Zones

Demand (Support): 0.315–0.325 (strong absorption), 0.250 (capitulation base).
Supply (Resistance): 0.370–0.380 cluster, 0.425 order block.

📌 Forward-Looking Bias

Bullish case: Holding above 0.335–0.345 could trigger a short-covering rally toward 0.370–0.380.
Bearish case: Failure at 0.345 → retest 0.315; break below reopens 0.250 liquidity zone.

🎯 Trade Summary

Setup: Range accumulation with institutional absorption signs.
Buying ISEC Healthcare Ltd at 0.345 because of absorption at 0.315–0.325 and Spring action at 0.250, with stops at 0.315, targeting 0.370–0.380 for ~1:2.5 R/R.
Confidence Rating: 6.5 / 10

Key Levels to Watch:

Support: 0.335 / 0.315 / 0.250
Resistance: 0.370 / 0.380 / 0.425

✅ Checklist Before Execution:

Confirm volume expansion on breakout >0.370
Validate higher lows >0.335
Monitor SGX healthcare sector rotation

Sunday, September 21, 2025

SGX - 19 Sep 2025

Stock Name & Ticker Symbol: Singapore Exchange Ltd. (S68.SI, SGX)
Timeframe: Daily (1D)
Date Range Covered: Jan 2025 – Sep 2025 (~180 bars)
Last Traded Price: SGD 16.87

1. Market Structure & Order Flow Analysis

Trend Structure:
- Clear uptrend from Apr 2025 low (11.50) to Sep 2025 high (17.12).
- Swing Lows (SL): 11.50 → 12.60 → 13.58 → 13.69 → 16.20.
- Swing Highs (SH): 14.04 → 14.80 → 16.94 → 17.12.
- Break of Structure (BOS): Confirmed in Apr (above 13.43) and again in Jul (above 14.80).
- Momentum: Bars remain wide during rallies with shallow pullbacks (23–38%), indicating institutional order flow dominance.
Institutional vs. Retail:
- Sharp shakeout at Apr low (11.50) → textbook liquidity grab.
- Volume spike at May breakout (14.80) → institutional participation.
- Consolidation near 16.20–16.94 range shows absorption before breakout attempt.

2. Volume-Price Relationship (VPR)

High Volume + Small Range (Absorption): Seen in June–July consolidation near 14.40–14.80 zone.
High Volume + Wide Range: Breakout in Apr (11.50 → 14.80) suggests institutional entry.
Volume Divergence: Recent push to 17.12 on declining volume, showing possible exhaustion or need for retest.
Volume Dry-Up: Noticeable in August sideways action → likely breakout preparation.

3. Institutional Footprint Recognition

Liquidity Grab: Apr low at 11.50 triggered stops before sharp rally.
Order Block: Last bearish candle at 11.50 before strong markup → valid institutional footprint.
Displacement Moves: Multiple strong impulsive legs: Apr–May (11.50 → 14.80), Jul–Sep (13.69 → 17.12).
Accumulation Phase: Jan–Mar basing (11.91–12.76) fits Wyckoff accumulation.

4. Bar Pattern Recognition

Reversal Bars: Strong bullish engulfing near Apr 11.50 low.
Continuation: Multiple inside bars around 16.20–16.94 before breakout test.
Indecision Bars: Small-bodied dojis forming near 17.12 → potential supply zone.

5. Multi-Timeframe Confluence

Higher Timeframe (Weekly): Strong bullish structure from 2020–2025, major resistance at 17.20–17.50 zone.
Daily: Currently testing key resistance with momentum slowing.
Confluence Zone: 16.20 (support) / 17.12 (resistance).

6. Psychological Level Integration

Round Levels: 15.00 → broken cleanly, now support.
17.00: Acting as psychological resistance.
ATR Context: Current ranges tighter compared to impulsive Apr–Jul rallies → momentum slowdown.

7. Risk-Adjusted Setup Identification

High-Probability Zone:
- Support: 16.20 (structural + volume absorption).
- Resistance: 17.12 (current supply zone).
Risk/Reward Mapping:
- Long entries at 16.20 with stops below 15.80 targeting 17.50 → R:R ≈ 1:3.
- Breakout long above 17.20 only valid with volume expansion.

8. Market Regime Classification

Trending Regime: Strong bullish trend since Apr with higher highs/lows.
Current Phase: Transitioning to potential range (16.20–17.20).

9. Institutional Supply/Demand Analysis

Demand Zone: 15.80–16.20 (prior absorption).
Supply Zone: 17.00–17.20 (climactic push).
Effort vs. Result: Price reaching new highs with weaker volume → effort not translating fully to result.

✅ Forward-Looking Bias & Trade Summary

Bias: Bullish but cautious near resistance.
Key Levels to Watch:
- Support: 16.20 / 15.80
- Resistance: 17.12 / 17.50
- Breakout confirmation only above 17.20 with strong volume.

Trade Summary:
Buying SGX (S68) because of strong institutional uptrend with last BOS at 16.20, with stops at 15.80 targeting 17.50 for 1:3 R:R.
Confidence Rating: 7.5/10

🔑 Pre-Trade Checklist:

Confirm volume expansion on breakout.
Validate market regime (trend vs. range).
Place stop beyond structural levels (not arbitrary).
Review upcoming catalysts (earnings, macro events).