Shares & Derivatives
Elliott Wave on Venture Corporation
By ccloh Strategic Investor Zone  •  April 30, 2018
Venture Corporation has been making headline lately with its stock price plunge and out of curiosity I took a look at the chart.  The moment I saw the chart, I can see an Elliott Wave structure and decided to analyze it for gaining more experience in Elliott Wave analysis.  I do not have any investment in its stock nor I will be interested in getting one too.  Hence, what I'm going to analyze here will be unbiased. Firstly, I tried to find out when Venture was first listed in SGX but unfortunately I couldn't find any information on it except 1984 was the year Venture was founded.  It is unlikely that it was listed in SGX then as I have never come across a company get listed on the year it was founded.  The only earliest data I could get from the chart was 1995.......
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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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