Singapore Technologies Engineering Ltd (S63 · SGX) on the Daily timeframe (Jan–Sep 2025, ~180 bars). Last traded price: SGD 8.49 (close of 19 Sep 2025).
1. Market Structure & Order Flow
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Trend Structure:
• Clear uptrend since Jan 2025 with higher highs (HH) and higher lows (HL).
• Swing lows: 6.13 (Apr), 7.03 (May), 7.54 (Sep).
• Swing highs: 6.93 (Mar), 7.67 (May), 8.02 (Jun), 8.97 (Aug).
• Current structure: Price rebounded from 7.54 and is approaching prior high zone 8.97. -
Momentum Decay:
• Bar ranges narrower post-Aug peak at 8.97, showing slowing trend momentum.
• Overlapping price action near 8.00–8.50 = supply absorption zone. -
Break of Structure (BOS):
• Aug breakdown below 8.00 (after 8.97 high) marked a short-term CHoCH (shift).
• Sep rebound reclaiming 8.30 = trend resumption attempt.
2. Volume-Price Relationship (VPR)
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High-volume absorption: Mar–Apr wide-range green bars with strong follow-through → institutional accumulation.
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Climactic Volume: Aug selloff from 8.97 to 7.54 on expanding volume = distribution phase / liquidity grab.
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Recent Action: Sep recovery shows moderate volume increase with steady closes → controlled institutional buying.
3. Institutional Footprints
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Liquidity Grab: Sep low 7.54 undercutting prior HL (7.76) = stop run / retail shakeout, followed by rebound.
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Order Blocks:
• Bullish order block at 7.40–7.60 (Sep reversal zone).
• Bearish order block at 8.90–9.00 (Aug supply zone). -
Fair Value Gaps (FVGs): Gap inefficiency between 8.00–8.30 likely to be revisited if price rejects 8.50+.
4. Bar Pattern Recognition
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Bullish engulfing candles noted on Sep rebound (near 7.60), confirming accumulation.
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Continuation bars: Several small-bodied consolidation candles (Jul–Aug) before breakout = institutional marking up.
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No exhaustion gap yet above 8.97 – breakout would need strong volume.
5. Multi-Timeframe Confluence
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Weekly: Still in a strong uptrend; Aug pullback looks corrective.
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Daily: Reversal structure confirmed with HL at 7.54; bullish bias resumes.
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Confluence = bullish trend intact, but resistance zone 8.90–9.00 critical.
6. Psychological & Key Levels
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Support: 7.54 (recent low), 7.76, 8.02.
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Resistance: 8.50 (current pivot), 8.97 (ATH supply zone), 9.20 (round number).
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Psychological: 9.00 → strong institutional level.
7. Risk-Adjusted Setup
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Entry Zone: Between 8.30–8.50 on continuation confirmation.
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Stop Zone: Below 7.50 (structural invalidation).
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Target Zone: 9.20–9.50 (measured move above ATH).
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Risk/Reward: Approx. 1:3.
8. Market Regime
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Classification: Trending regime with temporary correction (Aug–Sep).
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Transition back into bullish trending regime if 8.97 breaks with volume.
9. Institutional Supply/Demand
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Demand clusters: 7.50–7.80.
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Supply clusters: 8.90–9.00.
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Effort vs. result: Sep rally = modest volume, strong directional close → professional accumulation.
🔑 Trade Summary
Buying S63 (ST Engineering) because institutional absorption at 7.50–7.80 triggered a bullish reversal with structure resumption, with stops at 7.50 targeting 9.20 for ~1:3 R/R.
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Confidence Rating: 7.5 / 10
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Key Levels to Watch: 7.54 (support), 8.50 (pivot), 8.97 (ATH resistance), 9.20 (psychological breakout).
📌 Pre-Execution Checklist:
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Confirm breakout above 8.50 with expanding volume.
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Avoid entry into resistance at 8.90–9.00 without confirmation.
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Monitor for false breakout / liquidity grab near 9.00.
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: 2.00%
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