Technical Analysis
STI Analysis — the next peak and trough ? (106)
By ccloh Strategic Investor Zone  •  June 25, 2022
Continued from STI Analysis -- the next peak and trough ? (105) FTSE STI closed at 3,111.65 for the week ended 24th Jun 2022 after hitting a peak of 3,466.23 on 17th Feb 2022. Magenta -- STI Positive In previous analysis was said STI in this positive wave count in undergoing Primary wave 2, a deep correction typically.  From the above chart and looking at the index movement since the top at 3,456.09 on 29th Mar 2022 (end of Primary wave 1), it appears a little 5 wave in the Minor degree could be completed and that shall become the Intermediate ((a)) of the Primary wave 2.  A rebound in the coming weeks should confirm that.  Should a rebound occur, don't be happy, worst is not over as the last wave down Intermediate wave ((c)) still need to be completed for Primary wave 2 to end.  The possible destination for Primary wave 2 as mentioned in previous analysis is between 2,475 to 2,832....
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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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