Technical Analysis
STI Analysis — the next peak and trough ? (117)
By ccloh Strategic Investor Zone  •  May 27, 2023
Continued from STI Analysis -- the next peak and trough ? (116) FTSE STI closed at 3,207.39 on 26th May 2023, practically unchanged for the whole week. Magenta -- STI Positive Despite look like a rebound is coming, the EW count for this positive scenario still largely remain the same.  For case 1 in which STI is in Intermediate ((c)) of Primary wave 2, the trajectory remain on course for further downside before Primary wave 2 ends.  However, for case 2 in which STI could still be in Intermediate wave ((v)) of Primary wave 1 is still possible (lower possibility than case 1).  This case is true if the rebound for the next couple of weeks allow STI to move above peak of Intermediate wave ((iii))) -- 3,466.23 so as to complete the Primary wave 1.  Regardless which case, STI still yet to hit the bottom of Primary wave 2. Green -- STI Negative Largely expected, there shouldn't be any major movement in this scenario in term of EW count....
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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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