Technical Analysis
STI Analysis — the next peak and trough ? (74)
By ccloh Strategic Investor Zone  •  August 8, 2020
Continued from STI Analysis -- the next peak and trough (73) STI-N Thing starting to get a bit tricky in analyzing the wave count.  Firstly, the present wave count that STI is doing a double-three (zigzag-triangle) structure for Primary wave 4 entered an invalid situation. As shown in the figure above, STI broke below wave (b) of the triangle in doing wave (c) making the triangle pattern invalid.  Thus, what is the wave count for STI now ?  There are 2 possibilities going forward. Primary Wave 5 Ongoing Primary wave 4 ended at 2839.39 on 9th Jun 2020 as indicates from the figure above.  Ongoing downtrend is the Primary wave 5 that is the last of the whole SuperCycle correction since 2015.  The Primary wave 5 should be a 5-wave down (impulse or diagonal) in the Intermediate degree.  Temporary, going to put Intermediate wave ((i)) at...
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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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