Shares & Derivatives
Creative Technology Analysis (2)
By ccloh Strategic Investor Zone  •  September 23, 2018
Continued from Creative Technology Analysis The price of Creative Technology breakout from correction on 19th Sep 2018 as described in previous analysis.  Though the correction pattern is able to use an Elliott Wave double-three (zigzag - triangle) combination pattern to describe, it is still pretty unsure whether the whole price performance (from past to future) follows Elliott Wave.  Creative Technology fell from $10 to a low of $5 during the correction and the Elliott Wave count reached the end of the correction at $5.66.  The lowest price of Creative Technology since the peak in 2000 is at $0.855 happened in September 2015.  If from that point to $10 is considered a wave 1 in Elliott Wave, the depth of the correction at $5 is between 50% to 61.8% Fibonacci Retracement while at $5.66 it is between 38.2% to 50% Fibonacci Retracement.......
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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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    4.5

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