Stock Name & Ticker Symbol: Singapore Exchange Ltd. (S68.SI, SGX)
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Timeframe: Daily (1D)
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Date Range Covered: Jan 2025 – Sep 2025 (~180 bars)
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Last Traded Price: SGD 16.87
1. Market Structure & Order Flow Analysis
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Trend Structure:
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Clear uptrend from Apr 2025 low (11.50) to Sep 2025 high (17.12).
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Swing Lows (SL): 11.50 → 12.60 → 13.58 → 13.69 → 16.20.
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Swing Highs (SH): 14.04 → 14.80 → 16.94 → 17.12.
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Break of Structure (BOS): Confirmed in Apr (above 13.43) and again in Jul (above 14.80).
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Momentum: Bars remain wide during rallies with shallow pullbacks (23–38%), indicating institutional order flow dominance.
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Institutional vs. Retail:
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Sharp shakeout at Apr low (11.50) → textbook liquidity grab.
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Volume spike at May breakout (14.80) → institutional participation.
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Consolidation near 16.20–16.94 range shows absorption before breakout attempt.
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2. Volume-Price Relationship (VPR)
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High Volume + Small Range (Absorption): Seen in June–July consolidation near 14.40–14.80 zone.
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High Volume + Wide Range: Breakout in Apr (11.50 → 14.80) suggests institutional entry.
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Volume Divergence: Recent push to 17.12 on declining volume, showing possible exhaustion or need for retest.
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Volume Dry-Up: Noticeable in August sideways action → likely breakout preparation.
3. Institutional Footprint Recognition
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Liquidity Grab: Apr low at 11.50 triggered stops before sharp rally.
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Order Block: Last bearish candle at 11.50 before strong markup → valid institutional footprint.
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Displacement Moves: Multiple strong impulsive legs: Apr–May (11.50 → 14.80), Jul–Sep (13.69 → 17.12).
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Accumulation Phase: Jan–Mar basing (11.91–12.76) fits Wyckoff accumulation.
4. Bar Pattern Recognition
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Reversal Bars: Strong bullish engulfing near Apr 11.50 low.
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Continuation: Multiple inside bars around 16.20–16.94 before breakout test.
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Indecision Bars: Small-bodied dojis forming near 17.12 → potential supply zone.
5. Multi-Timeframe Confluence
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Higher Timeframe (Weekly): Strong bullish structure from 2020–2025, major resistance at 17.20–17.50 zone.
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Daily: Currently testing key resistance with momentum slowing.
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Confluence Zone: 16.20 (support) / 17.12 (resistance).
6. Psychological Level Integration
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Round Levels: 15.00 → broken cleanly, now support.
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17.00: Acting as psychological resistance.
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ATR Context: Current ranges tighter compared to impulsive Apr–Jul rallies → momentum slowdown.
7. Risk-Adjusted Setup Identification
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High-Probability Zone:
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Support: 16.20 (structural + volume absorption).
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Resistance: 17.12 (current supply zone).
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Risk/Reward Mapping:
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Long entries at 16.20 with stops below 15.80 targeting 17.50 → R:R ≈ 1:3.
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Breakout long above 17.20 only valid with volume expansion.
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8. Market Regime Classification
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Trending Regime: Strong bullish trend since Apr with higher highs/lows.
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Current Phase: Transitioning to potential range (16.20–17.20).
9. Institutional Supply/Demand Analysis
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Demand Zone: 15.80–16.20 (prior absorption).
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Supply Zone: 17.00–17.20 (climactic push).
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Effort vs. Result: Price reaching new highs with weaker volume → effort not translating fully to result.
✅ Forward-Looking Bias & Trade Summary
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Bias: Bullish but cautious near resistance.
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Key Levels to Watch:
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Support: 16.20 / 15.80
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Resistance: 17.12 / 17.50
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Breakout confirmation only above 17.20 with strong volume.
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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:
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Confirm volume expansion on breakout.
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Validate market regime (trend vs. range).
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Place stop beyond structural levels (not arbitrary).
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Review upcoming catalysts (earnings, macro events).
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: 2.13%
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