Invest
STI Analysis — the next peak and trough ? (51)
By ccloh Strategic Investor Zone  •  August 17, 2019
Continued from STI Analysis -- the next peak and trough ? (50)

STI-2
STI hit an intra-day low of 3084.08 on 15th Aug 2019 before rebound to close at 3115.03 on 16th Aug 2019.  Is 3084.08 the bottom for I2 correction in the STI-2 scenario ?

The above was what being generated by the Correction Calculator previously to determine the possible ending point for I2.  In the previous analysis, 3075.50 was mentioned as one of the possible value and that is just 8.58 points away from the low on 15th Aug 2019. The above described the wave count for this scenario.  Pattern wise, there isn't any violation and couple with what was generated by the Correction Calculator, it is highly possible that I2 correction has ended at 3084.08 on 15th Aug 2019.  However, don't get over the hype yet as it always needs that confirmation (both the upside and the downside)...
Read the full article
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.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance