Technical Analysis
STI Analysis — the next peak and trough ? (83)
By ccloh Strategic Investor Zone  •  January 9, 2021
STI-N STI closed 2933.19 on 8th Jan 2021, breaking the 2955.68 level suggesting the 5 waves down since 2018 is a diagonal wave. There is some question on Minor wave (b) which could decide how Minor wave (c) of Intermediate wave ((c)) will perform going forward. Scenario 1 is the low of 2308.97 on 22th Dec 2020 is the end of Minor wave (b) of Intermediate wave ((c)).  Technically it should move lower than Minute wave a which is 2793.22 but it is not an invalid pattern should it not.  As such, the peak of 30th Dec 2020 and trough of 5th Jan 2021 could be the Minute wave a and b of the Minor wave (c).  If such count is true, upside of Minor wave (c) could be limited.  In this case Minor wave (b) took 19 days to complete and Minor wave (c) is into its...
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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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