Thursday, February 05, 2026

Sheng Siong - 05 Feb 2026

Sheng Siong Group Ltd (OV8, SGX) — 1D

Date range shown: ~Jun 2025 → 05 Feb 2026
Last traded (close): 2.92 (+5.42%)
Day range: O 2.77 / H 2.92 / L 2.77 / C 2.92
Volume: ~8.73M (elevated)

1) Market Regime Classification (most important)

Strong trending regime (bull trend), late-stage markup.

This is not a “maybe uptrend” — it’s a clean institutional-style staircase:

Higher highs + higher lows
Tight consolidations
Explosive displacement legs
Breakout + hold behavior

2) Market Structure & Order Flow (SH/SL, BOS, CHoCH)

Key swing structure (macro)

Early base area: ~1.80–1.90
First major push + new structure: ~2.03 → 2.23
Mid consolidation: ~2.02–2.16
Major BOS + trend acceleration: late Oct → early Nov
Trend continuation with controlled pullbacks: 2.50–2.73
Current breakout: 2.92 (new high)

The real “institutional BOS”

The big green displacement candle in early Nov is the defining event:

It breaks the previous range cleanly
It changes the slope of the trend
It comes with volume expansion
That is classic “smart money committed” behavior.

3) Volume-Price Relationship (VPR)

What volume is saying

Early Nov: strong volume expansion on a wide-range up bar
→ professional participation (not retail-only)
After Nov: volume generally cools while price holds
→ bullish sign: price can stay high without needing constant buying
Current breakout (2.92): volume spikes again
→ breakout is being validated, not drifting upward

Effort vs Result

When price moves up with strong range + strong volume, that’s real demand.
When price consolidates with low volume, that’s supply drying up.
This chart shows both — in the correct sequence.

4) Institutional Footprints (SMC / Wyckoff)

Wyckoff read

This looks like:

Accumulation (Jun–Aug)
Re-accumulation (Aug–Oct)
Markup (Nov onward)

SMC features present

Displacement move in early Nov (strongest footprint)
Order block zone likely around 2.40–2.50 (last bearish area before the explosive rally)
No obvious liquidity grab at the top yet
(today’s breakout closes strong, not a wick-rejection trap)

5) Bar-by-Bar Pattern Read (what the candles imply)

Best bullish signals

Breakout bars closing near highs (especially the current one)
Tight-bodied consolidation after impulses (Nov → Dec → Jan)
Pullbacks that do NOT retrace deeply
- The main pullback low was around 2.51, and buyers immediately defended it.

Any warning bars?

Not yet.
The chart is not showing:

major upper wicks at the top
climactic blow-off with immediate reversal
heavy-volume failure

So far, the breakout is behaving “clean”.

6) Key Levels (institutional map)

Immediate breakout zone

2.90–2.92 = breakout level / current high

Nearest support (micro)

2.73 = prior swing high / breakout base
If price pulls back and holds this, trend remains very healthy.

Mid support (structure)

2.51 = key swing low in the trend
A break below this is your first real trend damage.

Deep institutional demand zone

2.40–2.50 = likely order block / origin of the last expansion
If price revisits this, it’s a “big decision” area.

7) Tradeable Setups (risk-adjusted)

Setup A — Pullback buy (highest quality)

Entry zone: 2.73–2.78
Stop: below 2.65 (or below the pullback swing low)
Target: retest 2.92, then extension

This is the classic “buy the breakout retest”.

Setup B — Momentum continuation (higher risk)

Entry: if price holds above 2.90 for 2–3 sessions
Stop: below 2.80
Risk: you are buying the most crowded area (new highs)

This works in strong trends, but you must accept higher whipsaw risk.

8) Forward Bias + What to Watch Next

Bias

Bullish continuation, unless the breakout fails.

What would flip the bias (very important)

A true bearish shift would look like:

Breakout above 2.92 fails
Price closes back below 2.80
Then breaks 2.73 with expanding volume
That would be the first serious “distribution tell”.

9) Summary — 5 highest conviction observations

This is a clean bull trend with strong structure (HH/HL).
Early Nov shows institutional displacement (trend ignition).
Pullbacks are shallow → supply is weak.
Current breakout to 2.92 is supported by volume → not a weak drift.
Key trend line in the sand is 2.51 (break it = trend damage).

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: 2.19%

Arthur Wang Technical Analysis