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STI Analysis — the next peak and trough ? (65)
By ccloh Strategic Investor Zone  •  April 9, 2020
Continued from STI Analysis -- the next peak and trough ? (64)

STI-N



Since rebound from 2208.42 on 23rd Mar 2020, STI has staged a zigzag shape on the rebound.  As shown in the above chart, this zigzag pattern is definitely the Minor degree given the time frame it needs to develop (in term of week).  The question of whether this rebound is Intermediate wave ((iv)) of Primary wave 3 or Primary wave 4 at the moment still remain possible for both cases.  However, within the next few weeks it should be clearer.  Should it be Intermediate wave ((iv)), the pull back next will break below 2208.42.  On the other hand, should the pull back able to stay above 2208.42, that should be the Intermediate wave ((b)) of Primary wave 4.  The later case would be the best outcome despite both still pointing towards the bottom of this crisis...
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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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