1. Chart Setup & Context
Stock: iFAST Corporation Ltd
Ticker: SGX: AIY
Timeframe: Daily (1D)
Date Range: ~May 2025 – 18 Dec 2025
Approx. Bars: ~160–170 daily bars
Last Traded Price: 9.27 SGD
2. Market Regime Classification (Lead)
Current Regime:
🟡 Late-stage Uptrend → Transition into Range / Distribution
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Primary uptrend remains structurally intact
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Momentum has clearly decelerated
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Price is now rotating within a well-defined institutional range
3. Market Structure & Order Flow Analysis
A. Structural Mapping (SH / SL)
Primary Structure (May → Aug):
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SL: ~6.18 → ~6.38 → ~6.67
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BOS (Bullish): Early Aug explosive displacement
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SH: ~9.83 (first major institutional profit-taking)
Secondary Structure (Aug → Nov):
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SL: ~8.24 → ~8.63 → ~8.81 → ~8.82
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SH: ~9.65 → 9.99 (range high / liquidity sweep)
Key Observation
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Higher lows remain intact → trend not broken
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Higher highs failed to expand meaningfully → momentum loss
B. BOS & CHoCH Assessment
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Major BOS: Early Aug (vertical expansion from ~7.2 → 9+)
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No bearish CHoCH yet
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However:
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Each push above 9.5 produces weaker follow-through
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Structure evolving from trend → range
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➡️ Institutional behavior suggests distribution, not reversal (yet)
4. Advanced Volume–Price Relationship (VPR)
A. Key Volume Events
1. Aug Breakout
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High volume + wide range = professional participation
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Clean displacement → confirms institutional sponsorship
2. Post-9.83 Pullback
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Elevated volume + sharp downside = profit-taking
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Followed by lower-volume stabilization → demand still present
3. Oct–Nov Range
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Volume contracts inside 8.6–9.6
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Breakouts lack volume expansion → false breakout risk
4. Recent Action (Dec)
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Mild rebound from ~8.82 on average volume
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No aggressive demand yet
B. Effort vs Result
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Several high-effort (volume) bars near 9.8–10.0
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Result: minimal upside continuation
➡️ Clear absorption / supply dominance at highs
5. Institutional Footprint Recognition
A. Liquidity Grabs
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9.99 spike
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Obvious psychological + structural high
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Immediate rejection → classic buy-stop sweep
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Retail breakout trapped
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B. Order Blocks
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Bullish OB: ~8.6–8.8
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Repeated defended zone
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Every dip into this area attracts buyers
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Bearish Supply OB: ~9.8–10.0
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Strong rejection zone
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Institutional unloading evident
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C. Fair Value Gaps (FVG)
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Aug impulse created inefficiencies between ~7.6–8.0
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Partially mitigated during Sep pullback
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Lower FVGs largely filled → downside pressure reduced
6. Bar Pattern Recognition
Reversal / Transition Signals
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Multiple upper-wick rejection bars near 9.6–10.0
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Spinning tops + overlapping ranges → distribution signature
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No strong bearish engulfing → sellers are controlled, not panicked
Continuation Patterns
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Tight consolidations near 8.8–9.0
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Indicates accumulation within range, not breakdown
7. Psychological & Structural Levels
| Level | Significance |
|---|---|
| 10.00 | Major psychological + liquidity grab |
| 9.65–9.80 | Supply zone / failed continuation |
| 9.30 | Mid-range equilibrium (current price) |
| 8.80–8.60 | High-probability institutional demand |
| 8.24 | Last major swing low (trend invalidation below) |
8. Multi-Timeframe Confluence
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Daily: Range within higher-timeframe uptrend
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Weekly (inferred):
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Still bullish structure
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Long upper wicks → distribution at highs
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No HTF breakdown confirmation
➡️ Bias remains neutral-bullish, not bearish
9. High-Probability Trade Zones (Risk-Adjusted)
A. Long Continuation Setup (Preferred)
Zone: 8.60–8.80
Rationale:
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Bullish order block
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Repeated defense
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Favorable effort vs result
Risk: Below 8.24
Targets:
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T1: 9.50
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T2: 9.90–10.00
R:R: ~1:2.5 to 1:3
B. Range Fade / Short-Term Sell (Advanced)
Zone: 9.80–10.00
Only valid if:
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Rejection wicks
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Volume divergence
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Weak close
Not a trend short — tactical only
10. Highest-Conviction Observations (Summary)
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Primary uptrend intact, but momentum clearly fading
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9.8–10.0 is a confirmed institutional distribution zone
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8.6–8.8 remains the key accumulation / defense area
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Recent price action shows range rotation, not breakdown
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Market awaiting fresh catalyst or HTF expansion trigger
11. Forward-Looking Bias & Levels to Watch
Bias:
➡️ Neutral-Bullish (Range Continuation)
Watch Closely:
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Acceptance above 9.80 with volume → trend continuation
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Loss of 8.60 → deeper correction risk
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Breakdown below 8.24 → confirms CHoCH (trend failure)
Final
This is not a weak stock — it is a strong stock digesting gains. Institutions are rotating inventory, not exiting en masse. The edge lies in buying structural weakness into demand, not chasing upside breakouts.
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: 0.72%
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