Technical Analysis
Technology Stock Rally ?
By ccloh Strategic Investor Zone  •  August 19, 2018
Past few days technology related stocks rebounded and outperformed the STI index, this has given people the impression that they are rally.  Now are they really rally or just a rebound from oversold ?  After looking at several of those stocks, I found mixed findings.  The TA tools I'm analyzing are Ichimoku and GMMA.  Main tool will be Ichimoku and GMMA is used to confirm the trend.  Elliott Wave is not used as not all stocks follow Elliott Wave. In Ichimoku, a bullish is defined by the following conditions :- 1. Tenkan (Conversion) line cut above Kijun (Base) line 2. Senkou A cloud is above the Senkou B cloud 3. Both Tenkan and Kijun lines are above the Senkou (cloud) Failing to meet all the above 3 conditions have to be very careful and it may just hit resistance and resume the downtrend. In GMMA, a ......
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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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