Shares & Derivatives
Creative Technology Analysis
By ccloh Strategic Investor Zone  •  September 17, 2018
Have been tracking Creative Technology since the price fell from $10.  Was curious then whether the correction from $10 followed any Elliott Wave pattern.  After all not all stocks' price performance follow Elliott Wave.  Initially, it didn't seem like it but as the correction progress from June 2018 onward, the pattern seems more and more following an Elliott Wave pattern. The above chart shows how the correction has been played out with a Double-three combination of zigzag - triangle and price action is at the end of the correction should it follow Elliott Wave. The first part of the Double-three combination, zigzag was the unsure part initially that it follows Elliott Wave.  Normally, a zigzag pattern which is a 5-3-5 pattern is formed by a 5-wave impulse/diagonal for wave A, a zigzag for wave B and another 5-wave impulse/diagonal for wave C.  In the above ...
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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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