Market Review and Trends
STI Analysis — the next peak and trough ? (68)
By ccloh Strategic Investor Zone  •  May 23, 2020
Continued from STI Analysis -- the next peak and trough ? (67) STI-N There was some interesting development over the week for STI as it led to 2 possibilities for the coming weeks
STI is in Intermediate wave ((b)) of Primary wave 4 of Cycle wave (C) of SuperCycle wave ((2)).  However, based on performance so far, this could lead to 2 possible outcome for the Intermediate wave ((b)) in the coming weeks.  The above chart shows the 2 possibilities.
From the movement, Intermediate wave ((b)) resembles a triangle pattern so far.  The first possibility denoted by the blue labeling indicated that the triangle (a)-(b)-(c)-(d)-(e) could either come to an end on 22nd May 2020 or needs 1 or 2 more days to complete.  The overshoot of wave (e) of the triangle is a pretty common observation (same for undershoot in the opposite direction) and that has happened on
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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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