Friday, February 06, 2026

UOB - 06 Feb 2026

UOB (U11, SGX) — 1D (Daily)

Date shown: Fri 06 Feb 2026
Last traded price: ~38.50
Recent high spike: ~39.50
Visible major swing low: ~33.25

1) Current Market Regime (MOST IMPORTANT)

Trending → Transition (post-breakout digestion)

UOB is in a strong uptrend, but the most recent price action is a post-displacement consolidation (tight range after a vertical mark-up).

This is the classic “impulse → pause” structure.

2) Macro Structure (Swing Highs / Swing Lows)

Key structural sequence:

Long base / range around 33.25–35.00
Gradual uptrend into early 2026
Explosive breakout from ~36.8–37.0 area
Vertical run into 39.50
Now consolidating around 38.0–39.0

Structure bias:

Higher highs + higher lows still intact
No major CHoCH yet (no breakdown of meaningful swing low)

3) Highest-Conviction Observations (3–5)

(1) Clear institutional displacement move

That huge green breakout candle (from ~37+ to near 39+) is a professional mark-up bar:

Wide range
Strong close
Massive volume expansion

This is not retail-driven.

(2) The spike to ~39.50 looks like a liquidity sweep

The wick into ~39.50 followed by pullback suggests:

Stops triggered above obvious highs
Profit-taking + short-term distribution at the top

But importantly:
Price did NOT collapse. It held.

That’s bullish.

(3) Post-breakout consolidation is tight = supply not aggressive

After a true distribution event, you’d expect:

wide red bars
heavy volume
breakdown through 38 quickly

Instead you got:

relatively tight candles
choppy sideways behavior

This looks more like absorption + digestion, not dumping.

(4) Prior resistance likely flipped into support (~37.0 area)

The breakout zone around 36.8–37.2 is now a major “line in the sand”.

If price revisits it on lighter volume and holds, that’s a high-quality retest entry area.

(5) Volume cluster confirms “decision point”

The biggest volume of the entire chart appears during the breakout + spike region.

That usually marks:

a new institutional cost basis
a zone where future defense occurs

4) Key Levels (Actionable)

Immediate Resistance

39.50 = spike high / liquidity sweep high
A clean close above this is a continuation trigger.

Current Pivot / Mid-zone

38.50 = current price / balance zone
Market is deciding if it accepts above 38.5.

Immediate Support

38.00 = consolidation floor
A break below with strong volume would be first weakness signal.

Major Support (Breakout Retest Zone)

36.80 – 37.20 = prior breakout area
This is the “institutional retest” zone.

Macro Support

35.00 psychological + prior structure
33.25 major low (trend invalidation zone)

5) Institutional Footprints (SMC / Wyckoff)

SMC interpretation:

Displacement: yes (breakout bar)
FVG: highly likely between ~37.5 to ~38.2 region (inefficient jump zone)
Liquidity grab: yes at ~39.50
Order block: last red candle before the breakout (around ~36.5–37)

Wyckoff lens:

This looks like:

Re-accumulation / mark-up continuation
Not distribution (because there’s no breakdown after climactic volume)

6) Risk-Adjusted Setup Map (R:R focused)

Setup A — Breakout continuation (aggressive)

Trigger: Daily close above 39.50
Stop: Below ~38.80 or below breakout bar low (depending on risk tolerance)
Target: Psychological extension zones (40+)

Risk: breakout could fail if it’s a blow-off top.

Setup B — Retest entry (higher quality)

Entry zone: 36.8–37.2
Confirmation: low volume test + bullish reversal bar
Stop: below ~36.5 or below the retest swing low
Target: retest of 39.50, then extension

This is the “smart money” style entry.

Setup C — Breakdown warning (avoid / reduce)

Signal: strong bearish bar closing below 38.0 with volume expansion
This suggests the consolidation is not absorption, but distribution.

7) Forward Bias + What to Watch Next

Bias: Bullish continuation (until proven otherwise)

Bull case:

Holds 38.0
Builds a tight base
Breaks 39.50 cleanly

Bear case:

Breaks 38.0 hard
Retests 38.0 and fails (classic breakdown retest)
Slides into 37.0 FVG / retest zone

Final Summary (Professional Take)

UOB printed a high-confidence institutional mark-up and is now in post-breakout consolidation. The spike into 39.50 looks like a liquidity sweep, but the lack of follow-through selling suggests absorption, not distribution.

Key levels that matter:

39.50 (breakout continuation trigger)
38.00 (must-hold for bullish structure)
36.80–37.20 (highest-quality retest zone)

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%

Arthur Wang Technical Analysis