CDW Holding Limited (SGX: BXE) — Daily Chart Analysis (Nov 2024 → Nov 2025)
Last traded: S$0.132 | Chart timeframe: 1D | Observation period: ~12 months
1. Market Structure & Order Flow
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Macro regime: Predominantly range-bound between S$0.11 – 0.16, with failed breakouts on both ends.
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Swing points:
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Major lows: 0.110 (Feb 2025), 0.112 (May 2025), 0.121 (Oct 2025)
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Major highs: 0.160 (Dec 2024), 0.168 (Aug 2025)
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Current structure: Lower highs and higher lows forming a mild symmetrical compression, suggesting a transition phase before expansion.
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BOS/CHoCH: Last change of character occurred in August when price failed to sustain above 0.154–0.168, shifting from short-term uptrend to sideways consolidation.
2. Volume–Price Relationship
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Accumulation signs: Noticeable volume expansion at lows (Feb & Oct 2025) with small price spread — absorption-type behavior consistent with institutional accumulation.
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Low-volume pullbacks after these spikes imply strong hands defending lower zones (0.11–0.12).
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No clear follow-through after the high-volume surge in August (0.168 spike), showing supply absorption at higher prices.
Summary: Effort vs. result indicates buyers active near 0.11–0.12 but distribution pressure above 0.15.
3. Institutional Footprints
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Liquidity grabs: Both the 0.168 (Aug) and 0.110 (Feb) wicks represent stop-hunts — price quickly reverted to mid-range.
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Order blocks: Bullish OB visible around 0.118–0.122, formed after the March–July base before the August push.
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Fair value gap: Between 0.139–0.147, partially filled; likely to act as magnet zone for mean reversion.
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Displacement: None recently — all moves lack follow-through volume, consistent with range-bound regime.
4. Bar Pattern Insights
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Reversal bars:
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Feb 2025 hammer near 0.110 with volume spike → valid swing low.
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Aug 2025 shooting star at 0.168 → clear exhaustion bar.
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Continuation setups: Tight inside-bar clusters (May–Jul 2025) preceding minor breakout to 0.154 show controlled markup typical of accumulation testing.
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Recent structure: October’s strong bullish bar (0.121 → 0.139) followed by muted response indicates no breakout confirmation.
5. Multi-Timeframe Confluence
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Weekly chart context: Sideways for over a year with midpoint equilibrium ≈ 0.135.
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Daily chart: Trading slightly below this equilibrium → neutral-to-slightly-bearish short-term bias unless volume expansion accompanies upside retest of 0.14+.
6. Psychological & Structural Levels
| Level | Interpretation |
|---|---|
| 0.11 – 0.12 | Strong accumulation support zone; defended twice |
| 0.135 | Mid-range pivot; repeated rejection and support flips |
| 0.15 – 0.16 | Major resistance; distribution zone |
| 0.168 | Liquidity grab / exhaustion high |
7. Market Regime Classification
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Current regime: Ranging / Transition
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Traits observed: Low directional conviction, overlapping bars, irregular volume spikes, and volatility compression.
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Likely preparing for next expansion leg once liquidity is collected from either end (breakout > 0.145 or breakdown < 0.12).
8. Risk-Adjusted Zones
| Zone | Bias | Rationale | Risk-to-Reward Potential |
|---|---|---|---|
| 0.118 – 0.122 | Accumulation buy zone | Absorption + prior OB | ~1 : 3 (target 0.145 / stop 0.110) |
| 0.145 – 0.155 | Short-term supply zone | Prior rejection cluster | ~1 : 2 (target 0.125 / stop 0.160) |
9. Forward-Looking Bias
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Base case: Continued sideways drift unless high-volume breakout through 0.145 + confirms demand-led expansion.
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Bullish trigger: Clean close above 0.150 with expanding volume → potential test of 0.160–0.168.
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Bearish trigger: Breakdown below 0.120 → quick retest of 0.110 liquidity pocket.
Professional summary:
CDW Holding (BXE) remains a low-volatility accumulation candidate in a mature range. Smart-money footprints suggest quiet accumulation below 0.13 but weak conviction above 0.15. The next decisive move will depend on whether institutional participants defend the 0.12 region or absorb liquidity for a downside test before re-accumulation.
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: 6.82%
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