Global Testing - 01 Oct 2025

• Stock: Global Testing Corporation Ltd. (SGX: AYN)

• Timeframe: Daily, ~14 months (Aug 2024 – Oct 2025)

• Bars: ~280 trading sessions

• Last Price: 1.34 SGD

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2. Market Structure & Order Flow

• Macro Structure:

  • Long base near 0.90–1.00 from Sep ’24 – Jun ’25 → clear accumulation phase.

  • Break of structure (BOS) in Aug ’25 with a gap-up from ~1.02 to 1.43.

  • Current price consolidating in 1.30–1.43 range = possible re-accumulation or distribution.

• Swing Highs (SH) / Swing Lows (SL):

  • SL: 0.90 → 0.94 → 1.00 → 1.02 → 1.34

  • SH: 1.15 → 1.38 → 1.43

  • Market structure shifted from accumulation (range-bound) to uptrend after BOS above 1.15.

• Momentum:

  • Initial breakout (Aug ’25) was strong displacement with expansion in both range and volume.

  • Current bars are short-bodied, overlapping, low volume = loss of momentum / smart money absorption.

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3. Volume-Price Relationship (VPR)

• Accumulation (0.90–1.00): Low volume with sporadic spikes = stealth buying.

• Breakout (Aug ’25): High volume + wide range = institutional entry.

• Current consolidation: Volume drying up at highs = possible breakout coil OR distribution top.

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4. Institutional Footprint Recognition

• Liquidity Grab: The sharp push above 1.38 → 1.43 likely cleaned out shorts & retail buy stops.

• Order Block: 1.28–1.30 zone = last bearish candle before displacement up → likely strong demand zone.

• Fair Value Gap (FVG): Between 1.20–1.25 left unfilled during gap-up. This could act as a magnet if weakness develops.

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5. Bar Pattern Recognition

• Post-breakout candles: multiple inside bars & small-bodied candles → compression coil.

• No clean engulfing reversal yet.

• Doji/Spinning Tops around 1.38–1.40 show supply entering.

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6. Multi-Timeframe Confluence

• Weekly: Strong BOS above 1.15 confirms bullish structure.

• Daily: Rangebound compression 1.30–1.43.

• Confluence: 1.28–1.30 demand zone aligns across daily & weekly.

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7. Psychological Levels

• 1.00 (base level): Former strong support.

• 1.30 (current pivot): Testing as support.

• 1.50 (round number): Next likely target if breakout succeeds.

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8. Risk-Adjusted Setup Identification

• Bullish Scenario:

  • Entry: Accumulation within 1.30–1.34.

  • Stop: Below 1.28 demand zone.

  • Target: 1.50 (R:R ~1:3).

• Bearish Scenario:

  • Breakdown below 1.28 = likely FVG fill to 1.20–1.25.

  • Target: 1.15 swing high retest.

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9. Market Regime Classification

• Transition from uptrend → range consolidation.

• Currently distribution vs. re-accumulation zone → breakout direction will decide.

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10. Institutional Supply/Demand

• Demand: 1.28–1.30 (order block).

• Supply: 1.38–1.43 (liquidity cluster).

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🔑 Key Takeaways

1. Price in post-breakout compression between 1.30–1.43.

2. 1.28 demand zone critical for bulls to defend.

3. Break above 1.43 = next leg to 1.50+.

4. Breakdown below 1.28 = potential 1.20 retest.

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📊 Trade Summary

Buying AYN because it is consolidating in a post-breakout range with strong demand at 1.28, with stops at 1.28 targeting 1.50 for ~1:3 R:R.

• Confidence Rating: 7/10

• Key Levels to Watch:

  • Support: 1.28, 1.20

  • Resistance: 1.38, 1.43, 1.50

✅ Reminder Checklist before execution:

• Confirm breakout volume > consolidation volume

• Wait for candle close above/below range extremes

• Position size to account for stop-loss 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.

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