Technical Analysis
STI Analysis — the next peak and trough ? (IX)
By ccloh Strategic Investor Zone  •  March 25, 2018
Continued from STI Analysis -- the next peak and trough (VIII) ? A very eventful week for the global markets and based on STI reaction it seemed to be go back to square one.  As such this has reopened up all the possible scenarios going forward.  Before listing those highly possible scenarios based on how STI has progressed since the bottom in 2016, one thing to be confirmed is STI is in Primary degree Wave 3. 1. Intermediate Wave 3 Ongoing This is the scenario mentioned in STI Analysis -- the next peak and trough ? (VIII), STI is doing a 3rd wave extension of 3rd wave in the Intermediate Wave 3 as shown in the chart below. Despite the fall below the green-colored trendline, there is still not enough conclusion to state that the this scenario is invalid.  The only way to invalidate is when STI falls ......
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By ccloh Strategic Investor Zone
Am a typical retail investor who started investing in stock market in 1993, the same length of period as SingTel was listed in SGX and ironically SingTel was my first vested stock. Back then was a passive investor and started to turn more active in stock market in 2006. A year later when I switched my engineering job to a finance related one, I became what commonly known as trader ( trade for living ) and at the same time also strongly believe in fundamental/value investing that is the way to growth wealth. In a way I classify myself as a "Strategic Investor". As a trader, I track market movement daily and as an value investor, I am always on the lookout for cheap bargain to hold for long term.
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