Technical Analysis
STI Analysis — the next peak and trough ? (102)
By ccloh Strategic Investor Zone  •  February 13, 2022
FTSE STI ended at 3,428.95 on 11th Feb 2022, at this level, it has triggered a rule violation in one of the scenario thereby invalidating it. Magenta -- STI Positive The optimistic should be cheering now given how STI has performance since the start of the year.  The upward movement for the past days breaking above 3,400 reinforced the wave count that STI is doing Minor wave (iii) of Intermediate wave ((v)) of Primary wave 1.  Might be topped or a bit more to go before Minor wave (iv) kicks in.  Minor wave (iv) is allowed to break below 3,274 overlapping into Minor wave (i) without leading to rule violation as it is part of a leading diagonal pattern.  However, for this to be considered valid, Minor wave (iv) is not allowed to fall below 3,041.29, the tip...
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Your email address will not be published.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Your Email Address will not be published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