Shares & Derivatives
Creative Technology Analysis (3)
By ccloh Strategic Investor Zone  •  October 14, 2018
Continued from Creative Technology Analysis (2) As mentioned in Stock Incubator -- Creative Technology blogging of any technical analysis shall be ceased so here will be the last post to summarize up all the analysis so far and what's expect going forward. The recent weakness in global stock markets have in a way invalidate the previous wave count.  From the look of it, there are 2 possible wave counts. Wave Count 1 (Blue) Since the drop from $10, it has developed into a large ascending triangle with (a), (b), (c) and (d) of the triangle being formed.  The fall to intra-day low of $5.51 on 11th Oct 2018, dropping out of the triangle shall be considered as wave (e) of the triangle doing an overshoot.  As such, the triangle pattern has completed and the rebound now should see it breakout from $7, the upper boundary of ......
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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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