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)

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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).

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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.

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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.

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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.

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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).

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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

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7️⃣ Market Regime Classification

• Current Regime: Transition → Range-bound accumulation.

• Evidence:

  • Volatility compression

  • Narrow spreads + balanced volume

  • Structural neutrality post 1.65 lower high

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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.

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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.

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✅ 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+.

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🧭 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

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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

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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