ComfortDelGro - 08 Sep 25

• Stock Name & Code: ComfortDelGro Corporation Limited (C52)

• Timeframe & Range: Daily, Jan 2025 – Sep 8, 2025

• Bars Analyzed: ~180 daily candles

• Last Traded Price: 1.49 SGD

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1. Market Structure & Order Flow

• Swing Highs (SH): 1.55 (Apr), 1.64 (Jul), 1.60 (Aug)

• Swing Lows (SL): 1.34 (Feb), 1.36 (Apr), 1.39 (Jun), 1.40 (Jul)

• Trend Structure:

  • Jan–Apr: Weak accumulation → higher lows forming.

  • Apr–Jul: Break of structure (BOS) to upside at 1.49 → rally peaked at 1.64.

  • Aug: Change of Character (CHoCH) as price failed to hold >1.60, pulling back toward 1.40.

  • Current: Transition regime → shifting from down leg into potential re-accumulation above 1.47–1.49.

• Momentum Decay: Noticeable narrowing ranges and overlapping bars in Aug-Sept → supply absorption phase.

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2. Volume-Price Relationship (VPR)

• Absorption Zones: 1.36–1.40 lows in Apr/Jul with high volume but limited downside follow-through.

• Climactic Volume: July 1.64 high printed with extreme expansion → exhaustion top.

• Current Volume Signature: Slightly rising on recent bounce from 1.40 → institutional support present.

• Volume Divergence: Lower highs (1.64 → 1.60) printed on declining volume = distribution footprints.

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3. Institutional Footprint Recognition

• Liquidity Grabs: Aug spike above 1.60 then sharp reversal → stop-hunt against breakout buyers.

• Order Blocks: 1.47–1.49 remains key bullish demand zone (former resistance now support).

• Fair Value Gaps (FVG): Gap inefficiencies left around 1.55–1.60, likely to be revisited if strength continues.

• Displacement Moves: Strong impulsive rally Apr–Jul, followed by sharp rejection → institutional exit zone near 1.60+.

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4. Bar Pattern Recognition

• Recent Price Action:

  • Aug–Sep: Multiple inside bars around 1.47–1.49, coiling for breakout.

  • Strong bullish engulfing bar on Sep 6 → confirmation of demand stepping in.

• Reversal Bars: Repeated hammer-like lows around 1.40–1.41 confirming absorption.

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5. Multi-Timeframe Confluence

• Weekly Chart Bias (higher TF): Sideways range 1.34–1.64.

• Daily Chart Bias (current TF): Re-accumulation near 1.49.

• Confluent Zone: 1.47–1.49 = structural pivot (tested multiple times).

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6. Psychological Levels

• Round Numbers: 1.50 acting as magnet zone.

• Previous Highs: 1.55 / 1.60 / 1.64 = layered resistance above.

• ATR Context: Normal daily bar range ~0.02–0.04 → current move from 1.40–1.49 already near-term stretched but not exhausted.

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7. Risk-Adjusted Setup Zones

• Entry Zone: 1.47–1.49 (support absorption zone).

• Stop Placement: Below 1.40 (structural low).

• Target Zones: 1.55 (measured move), extended 1.60 (swing retest).

• Risk-Reward: ~1:2.5 if entry at 1.49, stop 1.40, target 1.60.

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8. Market Regime Classification

• Current Regime: Transition → Range to Potential Uptrend.

• Characteristics: Volatility compression, absorption at higher lows, institutional positioning evident.

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9. Institutional Supply/Demand

• Demand Zone: 1.40–1.47 (accumulation confirmed).

• Supply Zone: 1.55–1.64 (distribution ceiling).

• Effort vs. Result: Heavy selling in Aug produced limited downside → sellers losing efficiency.

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🔑 Key Observations

1. Price defended 1.40–1.41 lows strongly → accumulation footprints.

2. Current battle at 1.47–1.49 pivot = institutional decision point.

3. Resistance stack above at 1.55–1.60–1.64 → upside targets.

4. Volume showing supportive accumulation after prior distribution.

5. Market regime = transition phase, breakout preparation.

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✅ Trade Summary

Buying C52 because institutional absorption at 1.40–1.47 with demand reclaiming 1.49, stops at 1.40 targeting 1.55–1.60 for ~1:2.5 R:R.
Confidence Rating: 7.5 / 10

Key Levels to Watch:

• Support: 1.40 / 1.47–1.49

• Resistance: 1.55 / 1.60 / 1.64

📋 Execution Checklist:

• Confirm breakout candle closes >1.50 with expanding volume.

• Avoid chasing entries above resistance zones.

• Scale out partial profits near 1.55.

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:   5.23