Boustead SP - 08 Jan 2026

Stock: Boustead Singapore Limited (F9D, SGX)
Timeframe: Daily (1D)
Date Range: May 2025 → 8 Jan 2026
Approx. Bars: ~170 daily bars
Last Traded Price: 1.79 SGD

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🔎 MARKET REGIME (Lead Assessment)

Current Regime:
➡ Post-trend → Range-to-Continuation Transition

• Strong impulsive uptrend completed (May → Oct)

• Followed by distribution → contraction → re-accumulation

• Price now compressing below prior supply with controlled volatility

This is not a weak range — it is a professional pause after markup.

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🧭 1. Market Structure & Order Flow

Primary Structure (Higher Timeframe – Daily)

Swing Highs (SH):

• 1.72 (Aug)

• 1.83 (Sep)

• 1.95 (Oct – Climax High)

• 1.86 (Nov)

• 1.81 (Dec)

Swing Lows (SL):

• 1.46 (Sep)

• 1.63 (Oct HL – structural confirmation)

• 1.62 (Nov HL – trend intact)

• 1.67 (Dec HL – compression base)

➡ Structure verdict:

• Higher lows preserved

• No decisive bearish BOS

• Market shifted from trend → range within bullish structure

BOS / CHoCH

• Bullish BOS: Break above 1.72 → 1.83 (Sep)

• No bearish CHoCH: All pullbacks hold above 1.62–1.67

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🧠 2. Institutional vs Retail Behavior

Absorption Evidence

• Multiple high-volume small-range bars between 1.65–1.70

• Sellers push price down, price refuses to expand lower

➡ Classic institutional absorption zone

Shake-Outs

• Late Nov dip to 1.62

• Immediate reclaim with no follow-through selling

• Weak hands flushed, structure intact

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📦 3. Advanced Volume–Price Relationship (VPR)

Volume Signatures

• Trend phase (May–Sep):

  • Rising volume + expanding ranges → professional markup

• Oct peak (1.95):

  • Climactic volume + wide range → distribution / exhaustion

• Nov–Dec:

  • Volume contraction + tighter ranges → re-accumulation

Key Insight

Price is holding while volume declines = selling pressure exhausted, not demand absent.

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🧩 4. Institutional Footprints

Order Blocks

• Bullish Order Block: 1.65–1.70
  (Last bearish cluster before impulsive reclaim)

Liquidity Pools

• Sell-side liquidity taken below 1.63

• Buy-side liquidity resting above 1.81 → 1.86

Fair Value Gaps (FVG)

• Inefficient move from 1.70 → 1.83

• Price has already partially rebalanced — healthy structure

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🧱 5. Bar Pattern Recognition

Reversal / Transition Bars

• Multiple spinning tops + small-body candles around 1.70

• Indicates auction equilibrium, not rejection

Continuation Setup

• Tight flag-like compression between 1.70–1.80

• Pullbacks shallow (~38–50%) — trend-consistent

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🧠 6. Multi-Timeframe Confluence

• Weekly: Still higher-low structure

• Daily: Range under resistance, no breakdown

• Compression across timeframes → energy buildup

➡ This is time-based correction, not price-based damage.

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🎯 7. Psychological & Structural Levels

Level	Significance
2.00	Major psychological + prior rejection
1.95	Distribution high
1.86	Prior range high
1.80	Psychological / compression ceiling
1.70	Key demand + order block
1.62	Structural invalidation

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⚖️ 8. Risk-Adjusted Setup Mapping (Technical Only)

Bullish Continuation Scenario

• Entry Zone: 1.72–1.75 (retests / compression lows)

• Invalidation: Daily close < 1.62

• Targets:

  • T1: 1.86

  • T2: 1.95

  • Extension: 2.05–2.10 (measured move)

➡ R:R comfortably >1:3 if structure holds

Bearish Scenario (Lower Probability)

• Requires decisive close below 1.62

• Volume expansion must accompany breakdown

• Otherwise, downside probes are buy-side liquidity grabs

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🧠 9. Effort vs Result (Professional Read)

• Significant effort (volume) in Nov → minimal downside

• Low effort now → price holding
  ➡ Supply is largely absorbed

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🔑 10. Highest-Conviction Observations (Top 5)

1. No bearish BOS despite 3 months of consolidation

2. Repeated absorption at 1.65–1.70

3. Lower volatility = institutional control

4. Distribution already occurred at 1.95

5. Current price behavior favors continuation, not reversal

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🔮 Forward-Looking Bias & Key Levels

Bias:
➡ Cautiously Bullish (Structure-Aligned Continuation)

Key Levels to Watch:

• Acceptance above 1.81

• Expansion volume through 1.86

• Failure signal only if 1.62 breaks with force

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Final Institutional Take

This chart reflects a professionally managed market: markup completed, supply absorbed, time correction underway.
If expansion returns, it is far more likely upward than downward unless structure is decisively violated.

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:   3.07%