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STI Analysis — the next peak and trough ? (48)
By ccloh Strategic Investor Zone  •  June 15, 2019
Continued from STI Analysis -- the next peak and trough ? (47)

STI-2
STI rebounded since hitting the low at 3104.03 on 3rd Jun 2019 and this shall be the Minor wave B of the Intermediate wave 2 correction as shown.

The question now is how much more upside can this wave B goes.  According to Elliott Wave guideline, depending on the pattern of wave B, it can rebound from 23.6% to 138.2% Fibonacci ratio with respect to wave A. Above is the data generated by the Correction Calculator for all the possible wave B and wave C targets.  STI hit an intra-day high of 3223.64 on 14th Jun 2019 and this value definitely falls into the minimum requirement for wave B according to the data generated above.  STI could still have some more upside coming for wave B given that it has not shown a sign of a zigzag pattern...
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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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