FLCT (BUOU.SI), 1D Chart
Chart Setup & Context
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Stock: Frasers Logistics & Commercial Trust (BUOU)
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Exchange: SGX
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Timeframe: Daily
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Approx. Date Range: Mar 2025 – Nov 2025
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Bars in view: ~180–200
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Last Traded Price: 0.935
1. Market Regime Classification
Current Regime: Trending → Early Transition
The market is still in a medium-term uptrend but now showing:
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Tightening ranges near the 0.97–0.985 highs
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Volume reduction on recent advances
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Failed attempts to break 0.985 with follow-through
This is usually a late-trend condition approaching transition, but not yet a confirmed distribution top.
2. Highest Conviction Observations
(1) Strong Uptrend From June Low but Momentum Decay Visible
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Trend began at 0.775 (Jun low) → consistent HH/HL structure.
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But recent bars from Oct–Nov show:
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More overlapping candles
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Smaller spread bars
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Volume not confirming each new high
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➡️ Effort (volume) failing to generate strong result (price) → institutional selling into strength.
(2) Major Supply Zone Between 0.975–0.985 (High-Probability Supply)
Multiple rejections:
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First rejection at 0.980
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Second at 0.985
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Third attempt produced a long upper wick + volume spike
This area = clear institutional supply, likely previous long-term trapped buyers or REIT yield-based sellers.
➡️ Unless volume expands sharply, breakout above 0.985 unlikely on first attempt.
(3) Increasing Presence of Absorption Near 0.93–0.94
Recent bars around 0.93–0.94 show:
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Firm closes near highs
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Small ranges
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High relative volume on support
This indicates strong hands absorbing sell orders, preventing deeper pullbacks.
➡️ Demand is stepping in early, preserving trend structure.
(4) Volume Dry-Up Before Each Attempted Breakout
Before each approach to 0.98–0.985, volume contracts heavily.
This is typical of:
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A coiling pattern before breakout
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Or lack of institutional sponsorship → weak breakout attempts
Context matters:
→ Given prior exhaustion near highs, this leans bearish unless new volume comes in.
(5) Key Structural Levels Are Well-Respected
Important SH / SL:
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Swing Lows: 0.775 → 0.815 → 0.855 → 0.900 → 0.935
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Swing Highs: 0.870 → 0.925 → 0.980 → 0.985
Formation = classic higher-high/higher-low staircase, showing disciplined institutional markup.
Structure is still intact, with no CHoCH yet.
3. Market Structure & Order Flow Analysis
Trend Structure
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Uptrend: Higher highs and higher lows.
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Latest HL = 0.935
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Current compression under 0.97–0.985 = potential ascending accumulation.
Break of Structure (BOS)
No bearish BOS yet.
A break below 0.935 = first CHoCH → early distribution warning.
Momentum Decay
Signs of late uptrend:
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Shorter bars near highs
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More dojis
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Overlapping daily ranges
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Failed expansion above 0.985
Institutional Footprint
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Absorption: Several high-volume small candles near 0.94
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Liquidity Grab: The sharp dip to ~0.755 in Nov (labelled “Low”) is likely a stop-hunt followed by instant recovery
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Order Blocks: Bullish OB around 0.90–0.915
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FVG: Small gap area around ~0.88 that was filled quickly → trend health
4. Volume–Price Relationship (VPR)
Positive Signals
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Volume spike on the Jun–Sep markup phase = strong professional demand
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Volume supportive around key HLs
Negative Signals
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New highs in Sep–Oct made with declining volume → volume divergence
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The two key highs (0.980 and 0.985) both lack volume confirmation
Interpretation
Price is rising, but participation is weakening → trend weakening but not reversing yet.
5. Multi-Timeframe Confluence
Weekly Chart Bias (inferred)
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Likely in a mid-trend upward channel
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Weekly resistance sits at 0.98–1.00
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Weekly supports: 0.90 and 0.85
Daily + Weekly Confluence
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Daily resistance at 0.98 aligns with Weekly supply
→ Strong confluence = hard ceiling -
Daily support 0.935 aligns with Weekly midpoint zone
→ Strong buying zone
6. High-Probability Zones (Actionable)
Demand Zones
| Price Level | Reason |
|---|---|
| 0.900–0.915 | Prior order block + strong absorption |
| 0.935 | Current HL, heavily defended |
| 0.855 | Deep support / mid-trend demand |
Supply Zones
| Price Level | Reason |
|---|---|
| 0.975–0.985 | Major institutional supply cluster |
| 1.00 | Psychological + multi-year resistance |
7. Trade Strategy (If Trading This Chart)
Bullish Bias (Conditional)
You want:
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Close above 0.985
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With volume expansion > 150–180% of 20-day avg
Entry: Break and retest of 0.985
Stop: Below 0.955
Target: 1.04–1.05
Rationale: Clean air after 0.985 breakout.
Neutral / Accumulate
Best zone for accumulation (low-risk):
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0.935
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0.90
These are strong institutional defence levels with good R:R.
Bearish Trigger (Only if CHoCH)
First warning comes if price closes below 0.935.
Break below 0.935
→ Likely move toward 0.90
→ Larger correction to 0.855 possible if supply pressures intensify.
8. Forward-Looking Bias & Key Levels
Base Case: Sideways-Up With Heavy Resistance
Price likely oscillates between 0.935–0.985 unless strong volume appears.
Key Levels
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0.985: Breakout confirmation
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0.935: Must hold to maintain trend
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0.900: Ultimate trend defender
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0.855: Reaccumulation level if deeper pullback occurs
Final Summary (Professional-Level Reading)
FLCT is in a healthy but aging uptrend, currently meeting resistance at a strong multi-month supply zone around 0.98–0.985.
Volume shows early distribution behavior, indicating that institutions are selling gradually into strength.
However, demand remains resilient at 0.935, showing that bulls are not giving up control.
Bias:
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Short-term: Sideways (0.935–0.985)
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Medium-term: Still bullish unless 0.935 fails
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Upside breakout possible if volume returns sharply
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: 6.74%
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