Arthur Wang Technical Analysis: KSH Holdings

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.

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: 2.63%

Arthur Wang Technical Analysis