Shares & Derivatives
ComfortDelGro Analysis (3)
By ccloh Strategic Investor Zone  •  November 8, 2018
Continued from ComfortDelGro Analysis (2) Another index component stock that stick to Elliott Wave Fibonacci guideline very closely. ComfortDelGro completed a 5-wave Primary degree Elliott Wave, Cycle degree Wave 1, at $2.49 since the start in Dec 2017.  Currently it is in Cycle degree Wave 2 correction. Looking at the statistic for the 5-wave Primary degree Elliott Wave :- P0 = $1.806 P1 = $2.083 P2 = $1.873 P3 = $2.464 P4 = $2.22 P5 = $2.49 This will give the following Fibonacci ratio :- w1 : w3 : w5 = 1 : 2.134 : 0.975 w2 = 75.81% w1 w4 = 41.29% w3 compared with the standard model (wave 3 extended) of :- w1 : w3 : w5 = 1 : 2.618 : 1 w2 = 61.8% w1 w4 = 38.2% w3 Now come ......
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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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