Technical Analysis
STI Analysis — the next peak and trough ? (72)
By ccloh Strategic Investor Zone  •  July 10, 2020
It should be cleared by now that Minor wave (b) of Intermediate wave ((c)) of Primary wave 4 has ended on 29th Jun 2020 at 2572.23.  The rebound for the past 8 days shall be the Minor wave (c) of Intermediate wave ((c)).  Of these 8 days, STI reached an intra-day high of 2707.67 on 7th Jul 2020 before pulling back to an intra-day low of 2652.07 on 9th Jul 2020.  This pull back should be the Minute wave b of the Minor wave (c) of Intermediate wave ((c)).  How low will be the pull back ?  A 38% to 79% Fibonacci ratio is the guideline so be prepared for this range.  Just for record, Minor wave (b) at 2572.23 is 76.5% pull back.  At 2652.07, the pull back is 41.1% Fibonacci ratio, fits well into the 38% to 79%.  Minute degree has a time frame of days, the pull back only happened for 2 days so STI could experience another few more days of pull back to hit the 79% ratio. How long Minor wave (c) to complete the Intermediate wave ((c)) and Primary wave 4 ?...
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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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