Technical Analysis
STI Analysis — the next peak and trough ? (78)
By ccloh Strategic Investor Zone  •  October 30, 2020
STI-N Primary Wave 5 Ongoing The sharp drop for the week negated the view in previous analysis that there will be some more upside for Intermediate wave ((iv)).  So the sharp decline for this week indicate the start of Intermediate wave ((v)) ?  Well it looks like but at the same time it also offers another perspective.  From the chart above, the blue label indicates the previous analysis and STI is now in Intermediate wave ((v)) of Primary wave 5, the last of the SuperCycle correction started in 2015. However, there is also another possibility which is being labeled in red.  In this possibility STI is now in Intermediate wave ((iii)) instead.  There is valid reason for this as in the blue possibility, Intermediate wave ((iii)) is too short, less than the length of Intermediate wave ((i)), something is rarely seen but not impossible....
Read the full article
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.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance