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STI Analysis — the next peak and trough ? (69)
By ccloh Strategic Investor Zone  •  June 5, 2020
Continued from STI Analysis -- the next peak and trough ? (68) STI-N

The rebound from 2489.94 on 29th May 2020 should confirm STI has completed Intermediate wave ((b)) and started on Intermediate wave ((c)) of Primary wave 4.  As shown in the above chart, Intermediate wave ((b)) is a triangle pattern with the part (e) doing the typical overshoot.  

Above is generated by the Correction Calculator to find the possible ending value of Intermediate wave ((c)).  Before that, there are some statistics that could be used to further affirm the wave count.  The above Correction Calculator indicates wave ((b)) is 39.2% of wave ((a)).  According to Elliott Wave guideline on the Zigzag corrective pattern the followings are stated :-
1. Wave B typically retraces 38 to 79 percent of wave A 2. If wave B is a triangle, it will typically retraces 38 to...
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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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