Technical Analysis
STI Analysis — the next peak and trough ? (71)
By ccloh Strategic Investor Zone  •  June 27, 2020
Continued from STI Analysis -- the next peak and trough ? (70) STI-N
STI did see a zigzag since the drop from 9th Jun 2020 but the question now is where and when will the Minor wave (b) of Intermediate wave ((c)) ends.  The intra-day low of 2574.85 on 25th Jun 2020.  The rebound on 26th Jun 2020 could suggest 2574.85 is the end of Minor wave (b).
Above is generated from the Correction Calculator.  STI 2574.85 is 75.7% Fibonacci retracement of wave A.  This figure fits the guideline that wave B typically retraces 38 to 79 percent of wave A.  Thus, the possibility is there.  One comforting sight was the selling down since 9th Jun 2020 lacks volume.  Apart from a volume spike on 19th Jun 2020, the general trend was declining in volume as STI fell.  The spike in volume on 19th Jun 2020 was due to that day being quadruple witching.  Those in the stock market for long enough should know what happen on this day.
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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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