Technical Analysis
STI Analysis — the next peak and trough ? (104)
By ccloh Strategic Investor Zone  •  April 23, 2022
Continued from STI Analysis -- the next peak and trough ? (103) FTSE STI closed 3,361.11 for the week ended 22nd Apr 2022 after hitting a peak of 3,456.09 on 29th Mar 2022. Magenta -- STI Positive There is a little tricky part in this wave count.  The pull back from 3,456.09 on 29th Mar 2022 is it a Minute degree of a zigzag in the Minor wave (v) or has Minor wave (v) (also Intermediate wave ((v)) and Primary wave 1) already completed at 3,456.09 on 29th Mar 2022. Firstly, for the Minute degree zigzag of Minor wave (v), the duration for that doesn't warrant a continue pull back in the coming week.  Secondly, for the case of Primary wave 1 already completed at 3,456.09, Minor wave (v) only lasted for 3 weeks (far less shorter than expected) and the end value of that doesn't surpass Minor wave (iii) (not a rule violation but very uncommon)....
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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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