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STI Analysis — the next peak and trough ? (67)
By ccloh Strategic Investor Zone  •  May 10, 2020
Continued from STI Analysis -- the next peak and trough ? (66)

STI-N
As mentioned in previous analysis STI could either be in Intermediate wave ((iv)) of Primary wave 3 or Primary wave 4 of the Cycle wave (C) of SuperCycle wave ((2)).  Based on the time frame and movement, the Intermediate wave ((iv)) case could be ruled out already.  This will leave STI with now being in Primary wave 4 wave count as shown below.


Elliott wave analysis might be simple as wave count is always 1-2-3-4-5-A-B-C and the cycle repeats.  However, it is not especially coming to the corrective phase part (wave 2, 4, A, B, C) as there are multiple possible patterns or combination of patterns that could quality for those wave.  STI in Primary wave 4 is probably one of those complex pattern.  So far, the Intermediate wave ((a)) of the Primary wave 4 has completed. ...
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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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