Arthur Wang Technical Analysis: October 2025

Friday, October 31, 2025

Singapore Land Group - 31 Oct 2025

Stock Name: Singapore Land Group Limited
Ticker Symbol: U06.SI
Exchange: SGX
Timeframe: 1D (Daily)
Date Range: Approx. Feb 2024 – Oct 2025
Bars in Analysis Period: ~200
Last Traded Price: 3.08 SGD

1️⃣ MARKET STRUCTURE & ORDER FLOW ANALYSIS

Trend Structure:

Clear uptrend from May to September 2025 with sequential higher highs (2.37 → 3.29) and higher lows (2.02 → 2.80).
Break of Structure (BOS): Detected in late September as price failed to hold above 3.24–3.29 resistance and formed a lower high.
Change of Character (CHoCH): Present in early October with a decisive drop below 3.00, suggesting a transition from uptrend to range/early distribution.

Momentum & Overlap:

Bar ranges have compressed since mid-September — overlapping candles indicate momentum decay.
Current phase appears to be distribution → range formation.

Institutional vs. Retail Behavior:

Large green absorption candles in July–August (high volume, moderate progress) — clear institutional accumulation prior to breakout.
Late September wide-range bearish bar on heavy volume signals potential institutional distribution.

2️⃣ ADVANCED VOLUME–PRICE RELATIONSHIP (VPR)

Volume Signature Analysis:

Rising volume during the July–August breakout confirmed genuine institutional participation.
Volume divergence now visible — new highs in September were not supported by matching volume, a sign of exhaustion.
Current low-volume retracement to 3.00–3.10 zone = testing phase.

Key Volume Observations:

High Volume + Narrow Range (Oct): Absorption — smart money possibly defending 3.00.
Low Volume + Decline (recent bars): Weak selling interest → consolidation.

3️⃣ INSTITUTIONAL FOOTPRINT RECOGNITION

Liquidity Grab: Likely at 3.29 (September top) — retail buyers trapped above round number breakout.
Order Block: 2.90–2.95 zone (last bullish base before August rally) – acts as institutional demand zone.
Fair Value Gap (FVG): Between 2.80–2.95; may attract retest before resumption.
Displacement Move: July–August vertical rally shows institutional accumulation confirming control.

4️⃣ BAR PATTERN RECOGNITION

Reversal Bars: Late September bearish engulfing bar confirmed top at 3.29.
Continuation Patterns: Currently forming inside-bar cluster (3.00–3.12 range) — compression pattern before next impulse.
Indecision Bars: Recent dojis near 3.08 reflect indecision between accumulation and further correction.

5️⃣ MULTI-TIMEFRAME CONFLUENCE

Weekly Chart Bias: Still bullish overall; long-term structure intact unless 2.80 breaks.
Daily Chart Bias: Neutral to corrective; short-term range 2.95–3.20.
Confluence Zones:
- Support: 2.90–2.95 (order block + volume base)
- Resistance: 3.20–3.25 (previous supply + trapped liquidity zone)

6️⃣ PSYCHOLOGICAL LEVELS

Round Number 3.00: Key institutional defense area.
3.20–3.25: Psychological resistance and potential liquidity sweep zone.
2.80: Critical swing low; loss invalidates medium-term bullish bias.

7️⃣ RISK-ADJUSTED SETUP IDENTIFICATION

Potential Long Setup (Reaccumulation Scenario):

Entry Zone: 2.95–3.00 (if absorption confirmed)
Stop: Below 2.85 (beneath structure)
Target: 3.24–3.30 (previous swing high)
Risk–Reward: ~1:3

Potential Short Setup (Distribution Continuation):

Entry Zone: 3.15–3.20 rejection
Stop: Above 3.30
Target: 2.85–2.90
Risk–Reward: ~1:2.5

8️⃣ MARKET REGIME CLASSIFICATION

Current Regime: Transition/Range after a strong uptrend.
Characteristics: Decreasing volume, overlapping bars, and failed follow-through above 3.20–3.25.
Institutional Behavior: Defensive — potential redistribution unless demand reactivates at 2.90–3.00.

9️⃣ INSTITUTIONAL SUPPLY/DEMAND ANALYSIS

Demand Zone: 2.90–2.95 → prior accumulation + absorption evidence.
Supply Zone: 3.20–3.25 → previous breakout failure + trapped liquidity.
Effort vs. Result: Recent downswings show higher volume with smaller results → absorption, not active distribution (possible reaccumulation base).

🔟 COMPREHENSIVE MARKET CONTEXT

Singapore property stocks have generally tracked SGX real estate index, currently stabilizing after strong Q3 momentum.
No visible panic volume → market likely awaiting new catalyst (e.g., earnings, macro guidance).

🎯 FORWARD-LOOKING BIAS

Primary Bias: Neutral-to-bullish consolidation unless 2.85 breaks.
Secondary Bias: Short-term range-bound trade between 2.95–3.20 until post-earnings catalyst.

✅ Key Levels to Watch

Zone Type	Price Level	Notes
Resistance	3.24–3.29	Distribution zone / liquidity trap
Mid-Level	3.10–3.15	Short-term mean reversion zone
Support	2.90–2.95	Institutional demand base
Invalid Level	<2.85	Structure breakdown

🧠 Trade Summary Format

Buying U06 near 2.95–3.00 because of absorption and institutional demand zone defense, with stops below 2.85, targeting 3.25 for a 1:3 risk-reward ratio.
Confidence Rating: 7.5 / 10

Checklist Before Execution:

Confirm volume absorption at 2.95–3.00
Wait for daily bullish confirmation candle (close > 3.12)
Avoid entries ahead of earnings release
Maintain disciplined position sizing (<2% risk)

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: 1.46%

Thursday, October 30, 2025

Bukit Sembawang - 30 Oct 2025

Stock: Bukit Sembawang Estates Limited (SGX: B61)
Timeframe: Daily (1D)
Date Range: February 2025 – October 2025 (~180 bars)
Last Traded Price: SGD 4.16
Analysis Type: Institutional-grade, pure price–volume methodology

1. Market Structure & Order Flow Analysis

Trend Structure:

Primary Structure: Uptrend from March low (3.19) → July high (4.47).
Recent Structure: Sideways/ranging between 4.00 – 4.47 since August.
Swing Points:
- HL sequence: 3.19 → 3.86 → 4.00 → 4.15
- HH sequence: 4.04 → 4.26 → 4.30 → 4.47
Current Market Regime: Transitioning from trending to range-bound.
BOS / CHoCH: Minor CHoCH noted after failing to break 4.47 in August, shifting from bullish momentum to distribution phase.

Momentum Observation:

Bar overlap increasing post-August.
Range compression and equal highs near 4.30–4.47 → loss of upward thrust.

2. Volume–Price Relationship (VPR)

Volume Signature:

June–July: Strong volume on wide bars = institutional markup.
August–October: Mixed, with spikes on down bars → possible distribution.
Current Volume: Declining — suggests no aggressive buyers defending 4.00–4.20 zone.

Interpretation:

Absorption near 4.00: High volume with limited downside progress → potential demand defense.
Exhaustion at 4.47: Wide range up-bar followed by selling pressure confirms buying climax (BC).
Volume Divergence: Lower highs in volume as price retested 4.30–4.47 → momentum decay.

3. Institutional Footprints

Liquidity Grab: July spike above 4.40 trapped late buyers → sharp reversal → smart money distribution.
Order Blocks: 4.00–4.10 bullish OB formed (last down-bar before rally); now re-tested several times.
Fair Value Gap (FVG): 3.85–3.95 gap from early June → likely future magnet.
Displacement: Strong bullish displacement leg May–June → currently being balanced by range rotation.

4. Bar Pattern Recognition

Reversal Bars:
- Multiple long upper-wick rejections near 4.45 → supply zone confirmation.
- Supportive long-tail candles near 4.00 → demand still active.
Continuation Bars:
- Inside bar compression between 4.10–4.30 → volatility contraction phase.
Indecision Bars:
- Repeated spinning tops → neutral order flow awaiting breakout catalyst.

5. Multi-Timeframe Confluence

Weekly Bias: Still higher highs and higher lows → macro bullish.
Daily Bias: Neutral–range with equal highs (4.47) and equal lows (4.00).
High-probability Zone: 4.00–4.10 accumulation area aligned across daily & weekly.

6. Psychological & Structural Levels

Key Level	Type	Observation
4.47	Range High / Supply	Selling tails, failed break
4.30	Mid-range pivot	Prior support turned resistance
4.00	Demand floor	Strong defense, multi-touch
3.85	FVG target	Potential liquidity pool

7. Risk-Adjusted Setup Identification

Potential Setup:

Scenario A – Bullish Reclaim: If price closes > 4.26 with expanding volume, breakout confirmation toward 4.47/4.55.
Scenario B – Breakdown: Close < 4.00 with high volume → distribution completion → target 3.85 then 3.65.

Risk Zones:

Stop-loss placement: Just below 3.95 for long bias; above 4.30 for shorts.
Ideal RR: Minimum 1:3 (4.00→4.47 or 4.26→3.85).

8. Market Regime Classification

Current Regime: Ranging Transition

Evidence: Equal highs/lows, declining volume, alternating wide/narrow bars.

9. Institutional Supply/Demand Dynamics

Supply Dominance: Above 4.30 – absorptive sell volume.
Demand Presence: 4.00 zone – absorption with decreasing downward extension.
Effort vs Result: High effort on down-bars but limited downside progress → still some institutional demand.

10. Comprehensive Market Context

Sector: Singapore property developers under consolidation amid rate-stabilization phase.
Relative Strength: Neutral vs. STI index; lacks leadership.
Volatility Regime: ATR compression since August → coiled setup likely to resolve soon.

🎯 Summary Outlook

Market Bias: Neutral-to-slightly-bullish within range.
Key Focus: Watch for breakout confirmation either above 4.26 (buy pressure) or below 4.00 (distribution).
Current Institutional Behavior: Range absorption and inventory re-accumulation; no aggressive distribution yet.

🧭 Trade Summary

[Buying] Bukit Sembawang (SGX:B61) because price is consolidating above key demand at 4.00 with absorption signs and low-volume pullbacks, with stops at 3.95, targeting 4.47 for a 1:3 risk–reward setup.
Confidence: 7 / 10
Key Levels to Watch: 4.00 (support), 4.26 (breakout trigger), 4.47 (resistance).

Execution Checklist Before Action:

✅ Confirm daily close > 4.26 with volume > 20-day average
✅ Validate no news catalyst distorting price action
✅ Confirm ATR expansion signaling breakout strength
✅ Maintain disciplined stop below 3.95

Wednesday, October 29, 2025

Sing Inv & Fin - 29 Oct 2025

🧭 1. Market Regime Classification

Current Regime: Transitional-to-Ranging Phase following a steep uptrend.

The strong August–September rally from ~1.10 → 1.73 marked a displacement leg (institutional buying burst).
Since mid-September, the market has entered rotational behavior between 1.55 – 1.70, signaling distribution or consolidation.
Candle overlaps, decreasing ranges, and declining volume confirm momentum decay typical of a post-markup equilibrium zone.

🔍 2. Market Structure & Order Flow

Swing Lows (SL): 1.06 → 1.11 → 1.35 → 1.55
Swing Highs (SH): 1.16 → 1.35 → 1.73 → 1.68
Break of Structure (BOS): Occurred when price breached 1.35 with expanding volume in early Sep — institutional intent evident.
Change of Character (CHoCH): Emerged after the 1.73 → 1.55 decline — supply entered the market.
Micro-structure: Higher-low at 1.55 is holding; failure below it converts regime back to bearish.

💹 3. Volume–Price Relationship (VPR)

Rally Volume Expansion: During the 1.10–1.73 move, we saw climactic wide-range bars with peak volume spikes, indicating institutional mark-up.
Distribution Signals: Post-1.73, several high-volume small-range bars → absorption (professionals unloading into retail chasers).
Volume Dry-Up: Recent candles near 1.62 show contracting ranges and shrinking volume — “no demand” condition; market waiting for initiative move.

🏛️ 4. Institutional Footprints

Order Block: 1.48 – 1.55 zone (last down-bar before strong upside displacement) — likely demand zone if retested.
Fair Value Gap (FVG): Between 1.47 – 1.55 left untested after breakout — potential magnet if retracement deepens.
Liquidity Grab: The 1.73 spike was a stop-run above obvious resistance, followed by sharp rejection → classic upthrust after distribution (UTAD).

🧠 5. Bar Pattern Recognition

Engulfing Patterns: Several bearish engulfing bars formed near 1.68 – 1.70; none followed through strongly → suggests absorption.
Inside-Bar Cluster: Late Oct consolidation range between 1.60 – 1.65 — coiled energy; breakout likely in coming sessions.
Reversal Bars: The 1.55 bar was a long-wick hammer with elevated volume — high-confidence demand confirmation.

🕰️ 6. Multi-Timeframe Context

Weekly Chart (inferred): Still in higher-high/higher-low structure; trend bias remains up until 1.55 breaks.
Daily Chart: Neutral-to-slightly bullish bias while above 1.55 support.
Intraday Context: Sideways chop with no clear directional control — liquidity building before expansion.

💵 7. Psychological & Structural Levels

Level	Type	Observation
1.75 – 1.73	Prior swing high	Supply zone; likely profit-taking area
1.68	Lower high cap	Short-term resistance ceiling
1.62 (current)	Equilibrium	Balance area — neutral
1.55	Swing low / demand	Key structural support
1.48	FVG boundary	Deep retrace test zone
1.35	Prior breakout	Structural demand confirmation

🧩 8. Risk-Adjusted Setup Mapping

Bullish Scenario:
- Long entries favored on re-tests of 1.55 – 1.58 demand with bullish volume confirmation.
- Targets: 1.68 → 1.73.
- Stop: below 1.52 (beneath order-block base).
- Risk-Reward: ~1 : 2.5.
Bearish Scenario:
- Breakdown below 1.55 with expanding volume → triggers momentum shift to downside.
- Downside targets: 1.48 → 1.35 zone.
- Stop: above 1.63.

⚖️ 9. Institutional Supply/Demand Summary

Demand Cluster: 1.48 – 1.55
Supply Cluster: 1.68 – 1.73
Equilibrium (Control Price): ~1.62
→ Market currently rotating inside equilibrium range awaiting liquidity resolution.

🧭 Forward-Looking Bias

Until a clear breakout, expect range behavior with mean-reversion trades favored.
Watch for volume expansion + decisive close outside 1.55 / 1.68 to define next directional leg.

Trade Summary Sentence

Neutral bias on SGX:S35 — price consolidating between 1.55–1.68 after strong rally; waiting for breakout confirmation.

“Watching S35 for breakout from 1.55–1.68 range; stops to be placed outside structure with targets at 1.73 or 1.48 depending on direction; R:R ≈ 1:2.5.”
Confidence: 6.5 / 10
Key Levels: 1.55 (support), 1.62 (equilibrium), 1.68 (resistance), 1.73 (extension)

Checklist Before Execution:
✅ Confirm breakout volume exceeds 20-day average
✅ Verify close outside range, not intrabar probe
✅ Align trade direction with weekly bias
✅ Use position sizing within risk tolerance

Tuesday, October 28, 2025

Vicom - 28 Oct 2025

Stock: Vicom Ltd (SGX: WJP)
Timeframe: Daily (1D)
Date Range: February 2025 – October 2025
Bars in Analysis: ~180 trading sessions
Last Traded Price: SGD 1.61 (as of 28 Oct 2025)

1️⃣ Market Structure & Order Flow Analysis

Trend Structure:

Clear uptrend from April (1.22) → August high (1.70).
Series of Higher Highs (HH) and Higher Lows (HL):
- HLs: 1.22 → 1.32 → 1.41 → 1.53 → 1.55
- HHs: 1.35 → 1.70 → 1.65 (lower high indicates early trend fatigue)
Change of Character (CHoCH): Detected post 1.70 → 1.55 dip; structure transitioned from trending → mild range.
Momentum Decay: Noted via shorter candle ranges and overlapping price bars post-August; trend losing thrust.

Institutional vs. Retail Behavior:

Absorption observed near 1.55–1.60 (tight ranges with steady volume, likely institutional accumulation).
Climactic volume around 1.70 top — wide-range candle with spike volume (potential distribution).
Shake-out noted at 1.53 low (high volume with long lower wick → retail stops triggered → rapid reversal).

2️⃣ Advanced Volume-Price Relationship (VPR)

High Volume + Small Range (mid-September): accumulation signature, demand absorbing supply near 1.55.
Volume Divergence: Price retested 1.65 on declining volume → institutional distribution confirmation.
Volume Expansion on Breakout (June-July): clean institutional push from 1.41 to 1.70 supported by volume surge.
Volume Dry-Up (Oct): low participation during pullback, suggesting potential breakout preparation.

3️⃣ Institutional Footprint Recognition

Liquidity Grab: 1.53 low swept below prior swing → immediate recovery → textbook liquidity hunt.
Order Block: Bullish OB around 1.55–1.57 (last down candle before rally continuation).
Fair Value Gap (FVG): July impulse (1.41–1.55 zone) remains partially unfilled → potential retest region.
Displacement Move: June–July’s vertical rise (1.35 → 1.70) confirms strong institutional participation.

4️⃣ Bar Pattern Recognition

Reversal Bars:
- 1.70 peak: large upper wick, wide range, high volume → exhaustion bar.
- 1.53 low: hammer with volume spike → absorption.
Continuation Patterns:
- July: small flag breakout continuation confirmed by volume.
- October: Inside bar formation within 1.55–1.63 range (compression buildup).
Indecision Bars: Multiple doji-like bars mid-October signal market indecision pre-directional move.

5️⃣ Multi-Timeframe Confluence

Weekly Bias: Still bullish (uptrend structure intact; higher timeframe support at 1.50).
Daily Bias: Short-term accumulation/range regime within 1.55–1.65.
Confluence Zone: 1.55–1.57 (daily OB + weekly support + volume base).

6️⃣ Psychological & Key Technical Levels

Level	Type	Significance
1.70	Major Resistance	Prior swing high; institutional sell zone
1.65	Intermediate Resistance	Lower high confirmation
1.61	Current price	Mid-range equilibrium
1.55	Key Support	Demand zone + liquidity grab area
1.50	Structural Support	Weekly HL zone
1.41	Deep FVG / demand base	Institutional accumulation origin

7️⃣ Market Regime Classification

Current Regime: Transition → Range-bound accumulation.
Evidence:
- Volatility compression
- Narrow spreads + balanced volume
- Structural neutrality post 1.65 lower high

8️⃣ Risk-Adjusted Setup & Scenario Planning

Scenario A: Bullish Re-accumulation

Entry Zone: 1.56–1.58 (near OB)
Stop: below 1.53 swing low
Target 1: 1.65
Target 2: 1.70 (breakout continuation)
R:R ≈ 1:3

Scenario B: Bearish Breakdown

Break <1.53 with volume → opens path to 1.41 FVG fill.

9️⃣ Catalyst Context

No major earnings or news spikes visible; volume consistent with technical behavior.
Upcoming earnings or sector performance (transport/inspection) could serve as breakout catalyst.

✅ Summary & Outlook

Institutional Context: Price is in a post-trend accumulation phase. The 1.55–1.65 band represents heavy institutional positioning. Liquidity sweeps below 1.55 have been absorbed, implying smart money is reloading. A confirmed close above 1.65 with volume > average 20-day could initiate the next markup phase toward 1.70+.

🧭 Trade Summary

Buying Vicom Ltd (SGX: WJP) because price is consolidating within an accumulation range above institutional demand (1.55–1.57) with absorption signals and higher-timeframe bullish structure.
Stops: below 1.53
Target: 1.70
Risk-Reward: 1:3
Confidence Rating: 8/10

Key Levels to Watch:

Support: 1.55 / 1.50
Resistance: 1.65 / 1.70
Breakout trigger: 1.66 daily close with volume confirmation

Execution Checklist Before Entry:

Confirm bullish engulfing bar near 1.55–1.57
Volume above 20-day average on breakout
No upcoming negative earnings announcements
ATR expansion confirming volatility breakout

Monday, October 27, 2025

Pacific Century - 27 Oct 2025

Stock: Pacific Century Regional Developments Ltd (SGX: P15)
Timeframe: Daily (1D)
Date Range: February 2025 – October 2025 (~8 months, ~180 bars)
Last Traded Price: SGD 0.440
Exchange: Singapore Exchange (SGX)

1️⃣ Market Structure & Order Flow Analysis

Trend Structure:

Swing Lows (SL): 0.330 → 0.360 → 0.370 → 0.390 → 0.415 → 0.435
Swing Highs (SH): 0.405 → 0.430 → 0.475 → 0.500
The sequence shows a clear bullish structure from Q2 to Q3 2025, with HHs and HLs up to 0.500.
Break of Structure (BOS): The breakdown below 0.450 in late September marked a CHoCH (Change of Character) to a short-term downtrend.
Current Regime: Transitioning from uptrend → range/downtrend. The price is stabilizing between 0.435 and 0.475.

Momentum Analysis:

Recent bars show smaller ranges and overlapping bodies, confirming momentum decay after the 0.500 peak.
Bearish pressure is present but with low conviction (volume tapering).

2️⃣ Advanced Volume-Price Relationship (VPR)

Volume Signature:

High volume + small range (absorption) seen at 0.435–0.440 = likely institutional support area.
Climactic volume during the run-up to 0.500 (August–September) — potential distribution by institutions.
Volume divergence: As prices fell from 0.500 → 0.440, volume decreased, suggesting no panic selling, more of a controlled markdown.

Interpretation:
Institutions likely offloaded near 0.500 and are absorbing around 0.435–0.440 for potential reaccumulation.

3️⃣ Institutional Footprints & Smart Money Concepts

Liquidity Grab: The wicks near 0.475 represent stop-clearing before downside continuation.
Order Block: Last bullish candle around 0.440–0.445 before push to 0.500 → potential bearish order block on retest.
Fair Value Gap (FVG): Exists between 0.460–0.475; likely to be retested before further decline.
Displacement: Noticeable downward displacement from 0.475 → 0.440 on increasing effort = bearish control temporarily.

4️⃣ Bar Pattern Recognition

No major engulfing patterns currently, but multiple small-bodied bars with long wicks indicate indecision.
Inside bars forming between 0.435–0.450 = compression phase, potential volatility expansion incoming.
Pin Bar Support Rejection: Small pin near 0.435 shows defensive buying interest.

5️⃣ Multi-Timeframe Confluence

Weekly timeframe: Still bullish above 0.420; medium-term structure intact.
Daily timeframe: Short-term neutral-to-bearish bias within range (0.435–0.475).
Confluence suggests pullback phase within broader accumulation range.

6️⃣ Psychological & Key Levels

Level	Type	Observation
0.500	Psychological resistance	Heavy supply / profit-taking zone
0.475	FVG / previous swing high	Potential retest target
0.450	Mid-range resistance	Minor rejection area
0.435	Support	Institutional absorption
0.420	Structural support	Invalidates short-term bullish setup below this level

7️⃣ Risk-Adjusted Zone Mapping

High-Probability Buy Zone: 0.430–0.440 (support cluster + absorption zone)
Invalidation (Stop): Below 0.420 (break of range support)
Profit Targets: 0.460 → 0.475 → 0.500
Risk–Reward: Approx. 1:3 (if entry 0.440, stop 0.420, target 0.500)

8️⃣ Market Regime Classification

Current Regime: Transitional, post-uptrend correction with absorption signs.
Volume Pattern: Mixed — neither pure accumulation nor full distribution.
Bias: Range-bound accumulation forming at 0.430–0.450, awaiting catalyst or breakout trigger.

9️⃣ Institutional Supply/Demand Context

Demand Zone: 0.430–0.440 with effort vs. result absorption.
Supply Zone: 0.475–0.500 (previous institutional exit zone).
Expect range play until one side is decisively taken.

📊 Summary Bias & Execution Framework

Bias: Neutral-to-bullish (accumulation base forming)
Setup: Long re-entry at 0.435–0.440 support zone
Stops: Below 0.420
Targets: 0.460 → 0.475 → 0.500
Risk–Reward: 1:3
Confidence Rating: 7/10
Key Levels to Watch: 0.420 (structural invalidation), 0.475 (resistance re-test), 0.500 (major breakout point)

💼 Trade Summary

Buying P15 because of institutional absorption and compression within accumulation zone (0.435–0.440), with stops at 0.420, targeting 0.475–0.500 for a 1:3 R:R setup.
Confidence: 7/10

Checklist Before Execution:

✅ Confirm volume expansion on breakout above 0.450
✅ Monitor SGX filings/news for upcoming catalysts
✅ Validate higher timeframe alignment (weekly structure still bullish)
✅ Keep risk ≤1% of portfolio capital per position

Sunday, October 26, 2025

BRC Asia - 24 Oct 2025

Stock: BRC Asia Limited (SGX: BEC)
Timeframe: Daily (1D)
Date Range: Approximately Feb 2025 – Oct 2025
Bars Analyzed: ~180 trading days
Last Traded Price: SGD 4.18

1. Market Structure & Order Flow Analysis

Trend Identification:
- Structure transitioned from sideways range (Mar–Jul) between 2.90–3.22 to a strong uptrend (Aug–Sep).
- Swing sequence:
  - Higher Lows: 2.67 → 2.90 → 3.48 → 4.18
  - Higher Highs: 3.22 → 3.72 → 4.55
- Current structure shows minor pullback within uptrend; key swing support at 4.18 (previous breakout base).
Break of Structure (BOS):
- BOS confirmed above 3.72 in late Aug with wide-range bullish bars.
- Current consolidation indicates potential CHoCH (Change of Character) if price closes below 4.00.
Trend Momentum:
- Bar ranges narrowed post-4.55 top; overlapping candles indicate momentum decay.
- Consolidation volume suggests institutional profit-taking, not full distribution yet.

2. Advanced Volume–Price Relationship (VPR)

Volume Signature:
- High Volume + Wide Range (Aug–Sep) = Professional accumulation breakout.
- High Volume + Small Range (Oct) = Absorption — institutions defending support near 4.00.
- Volume Divergence: Declining volume from 4.55 → 4.18 pullback = weakening momentum.
Volume Clusters:
- Major cluster zones: 3.10–3.20 (accumulation), 4.10–4.20 (defensive absorption).
- Watch for volume expansion above 4.45 to confirm next leg higher.

3. Institutional Footprint Recognition

Liquidity Grab: The spike to 4.55 likely triggered retail breakout entries; subsequent retrace = stop-hunt reversal.
Order Block: Bullish order block visible at 4.00–4.10 zone, preceding last breakout.
Fair Value Gap (FVG): Exists between 3.85–4.05 — potential retrace magnet.
Displacement Move: Strong impulsive leg 3.50 → 4.55 (Sep) shows clear institutional drive.

4. Bar Pattern Recognition

Recent Bars (Oct):
- Multiple small-bodied bars near 4.10 with long wicks = indecision at key support.
- Bullish rejection bar on 24 Oct (close at 4.18) suggests buyers re-entering after low-volume retracement.
Earlier Pattern:
- Flag formation between 4.55 (high) and 4.10 (low) → potential continuation setup.
- Measured move projects target zone ≈ 5.00–5.10 on breakout confirmation.

5. Multi-Timeframe Confluence

Weekly timeframe bias: Uptrend intact; last 3 weeks show consolidation above prior breakout range.
Daily timeframe: Forming bullish re-accumulation base.
Confluence Zone: 4.00–4.20 — overlapping support across both daily & weekly.

6. Psychological Levels

4.00 SGD = strong psychological and structural level (prior breakout base).
4.50–4.55 = resistance area aligned with previous swing high and liquidity pool.

7. Risk-Adjusted Setup

Setup Type: Re-accumulation flag continuation
Entry Zone: 4.10–4.20 (support absorption area)
Stop-Loss: Below 3.95 (beneath order block & round number)
Target 1: 4.55 (recent swing high)
Target 2: 5.00 (measured move projection)
Risk–Reward Ratio: ~1:3.2

8. Market Regime Classification

Current regime: Transitioning from trending → consolidation (bullish continuation bias)
Volume compression suggests energy building for next breakout phase.

9. Institutional Supply/Demand Balance

Demand zone: 4.00–4.10 (accumulation cluster)
Supply zone: 4.50–4.55 (distribution cluster)
Effort vs. Result: Recent low-range bars on moderate volume = absorption, not rejection → institutions still supporting price.

10. Comprehensive Market Context

Sector: Construction / steel-related; relative strength improving within industrial sector.
Correlation: Mildly positive with SGX construction/material peers.
Seasonality: Historically stronger Q4–Q1 for infrastructure-linked firms.

🔍 Key Levels to Watch

Type	Level	Description
Resistance	4.55	Major swing high / liquidity pool
Resistance	4.45	Intermediate supply zone
Support	4.18	Current structural pivot
Support	4.00	Order block + psychological level
Demand Zone	3.85–4.10	Institutional absorption area

🎯 Trade Summary

Buying BRC Asia Ltd (SGX: BEC) because price shows institutional absorption at the 4.00–4.20 support zone within a bullish continuation structure, with stops at 3.95, targeting 5.00, for a 1:3.2 risk–reward ratio.

Confidence Rating: 8.2 / 10
Market Bias: Bullish continuation pending breakout confirmation above 4.45–4.55.

📋 Pre-Execution Checklist:

Confirm breakout candle closes above 4.45 with volume > 20-day average.
Verify no imminent earnings or dividend events (to avoid volatility).
Keep risk per trade < 1.5% of total capital.
Monitor intraday structure for continuation confirmation.