Straits Trading - 15 Jan 2026

📊 Chart Setup & Context

Stock: Straits Trading Co. Ltd.
Ticker: SGX: S20
Timeframe: Daily (1D)
Analysis Period: ~May 2025 → 15 Jan 2026
Approx. Bars: ~165 trading days
Last Traded Price: SGD 1.71
52-Week Range (visible): ~1.37 → 1.78

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🧭 1. Market Regime Classification (Lead With Regime)

Current Regime: Transition → Emerging Uptrend (Late Accumulation → Mark-Up Attempt)

• Market has shifted from mid-2025 accumulation / distribution volatility into a higher-low, higher-high structure

• Recent price action shows range resolution to the upside, but price is now pressing into prior supply

• Regime is constructive but not yet a confirmed trend continuation

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🧱 2. Macro Market Structure (Swing Logic)

Primary Swing Map

• Major Swing Low (SL): ~1.37 (June)

• Impulse High (SH): ~1.78 (late July – climactic)

• Corrective Low: ~1.49 (August – higher low vs 1.37)

• Secondary High: ~1.72 (Nov)

• Higher Low Base: ~1.58 (Dec, double-test)

• Current Push: 1.65 → 1.71

Structural Read

• July’s 1.78 = distribution / buying climax

• Aug sell-off did not break structure → higher-low formation

• December base at 1.58 = structural demand confirmation

• Current rally = attempted BOS above November structure

📌 Structure Bias: Bullish only if 1.72–1.78 supply is absorbed

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🔄 3. Micro Structure & CHoCH / BOS

• CHoCH (Bullish):
  Occurred after December base when price broke above 1.61–1.64 range

• Micro BOS:
  Clear close above 1.65 with follow-through bars

• Current Condition:
  Price is testing prior swing supply, not yet expanding freely

⚠️ Failure to hold 1.65–1.67 would invalidate immediate bullish continuation.

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📉 4. Volume-Price Relationship (VPR)

Key Volume Signatures

• July spike (1.78):
  High volume + wide range → institutional distribution

• Aug decline:
  Elevated volume but diminishing downside range → absorption

• Dec base (~1.58):
  Volume contraction + tight spreads → accumulation

• Current rally:
  Volume expanding, but not climactic → constructive, not euphoric

Effort vs Result

• Recent bars show reasonable result for effort, not exhaustion

• No major volume divergence yet, but upside momentum is moderate, not aggressive

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🧠 5. Institutional Footprints (Smart Money Concepts)

• Accumulation Zone:
  1.55–1.60 (Dec range compression, repeated tests)

• Order Block (Demand):
  Last bearish cluster before impulsive break at ~1.60–1.62

• Supply Zone:
  1.72–1.78 (prior distribution, July & Nov reference)

• Liquidity Pool:
  Above 1.72, resting stops from Nov highs

📌 Expect liquidity probe behavior near 1.72–1.75.

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🕯️ 6. Bar-by-Bar Behavior (Recent Segment)

• Breakout Bars:
  Wide-range bullish bars from 1.62 → 1.68 with rising volume = initiative buying

• Near 1.70–1.71:
  Upper wicks emerging → supply engagement

• No climax yet:
  Suggests either absorption or pause before rejection

This is decision-point price action, not chase territory.

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🧩 7. Range, Measured Move & Levels

Key Levels

• Immediate Resistance: 1.72 → 1.78

• Acceptance Level: Sustained closes > 1.72

• Support (Minor): 1.65–1.67

• Structural Support: 1.58

• Range Low Reference: 1.49

Measured Move Logic

• Base: 1.58 → 1.65 (~0.07)

• Projection: 1.65 + 0.07 ≈ 1.72 (already met)

📌 Any move beyond 1.72 requires new demand, not range math.

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🎯 8. High-Conviction Observations (Top 5)

1. December base at 1.58 is institutional accumulation, not retail noise

2. Current rally is structurally valid, but entering legacy supply

3. No volume climax yet → upside not exhausted

4. Risk is asymmetric only on pullbacks, not at highs

5. Acceptance above 1.72 flips market into full mark-up

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⚖️ 9. Risk-Adjusted Trade Framework (Technical Only)

Bullish Continuation (Preferred)

• Entry Zone: Pullback into 1.65–1.67

• Invalidation: Daily close < 1.58

• Targets:

  • T1: 1.72

  • T2: 1.78

• R:R: ~1:3 (structure-based)

Breakout Acceptance Play

• Condition: Strong close > 1.72 with volume expansion

• Failure Signal: Immediate rejection back into range

Bearish Rejection (Counter-Trend, Tactical Only)

• Only valid if 1.72–1.75 shows climactic volume + rejection

• Otherwise, stand aside

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🔮 10. Forward-Looking Bias & What to Watch

Bias: Constructively bullish, but selective

Watch closely:

• 1.72 behavior → absorption vs rejection

• Volume character → expansion = continuation, spike = exhaustion

• Pullback quality → shallow = strong hands in control

📌 Best trades emerge from reactions, not predictions.

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:   4.68%