Vinvest (0069) – A MUST Monitor Share Without a Shadow Of Doubt
 
I have been closely monitoring this share for some years now and especially since last year when it bottomed at 14c.
 
Despite the turmoil caused by the Russia-Ukraine war, Vinvest has remained strong and bullish throughout despite the very weak market outlook which has naturally dragged down financial markets worldwide with KLSE faring far worse due to its added political uncertainties and instability.
 
Based on its performance for the past 12 months, I believe Vinvest’s share price is poised for a sharp uptrend break-out in the foreseeable future. Not if but WHEN!
 
Just look at the chart. Closely study it and decide for yourself if the price breakout is soon as in just around the corner or months away.
 
The chart paints a very promising story whereby Vinvest’s share price is presently at 23c as at last Friday’s 3rd March close and with natural support anchored strongly and convincingly at 20c – 22.5c range currently. 
 
Vinvest’s price sank to a low of 14c during March 2022 at the height of the Russia-Ukraine conflict. Since then, its price has however been on a steadfast uptrend, reaching a high of 26c from its lowest point of 14c - an 85.7% jump! 
 
With strong traders’ participation and robust trade velocity, Vinvest’s shares have proven very liquid with strong and healthy volumes on a daily basis. The share is amongst the Top 3 Ace counters and regularly trades in the Top 30 counters in volumes, even in the Top 10 numerous times.
 
Based on the chart below and the natural support at the price range of 20c – 22.5c levels, I dare say for Vinvest, the BEST is yet to come! 
 
All technical indicators have shown that Vinvest’s price now at 23c is on the verge of an upside breakout as the share price is now trading at a narrowing uptrend triangle. 
 
We may be seeing the price move fairly soon as the warrants is less than 6 months from its expiry date and we could potentially see an aggressive uptrend price movement due to traders converting their warrants to mother share. 
 
One thing is for sure: the price volume action for Vinvest undoubtedly looks healthy and robust. The volumes are constantly healthily traded with mini peaks and troughs along the way but maintaining unfailingly a solid and steadfast uptrend all along.
 
Based on the chart, Vinvest share price definitely looks very SUSTAINABLE! For the long haul.
 
My close monitoring of the share especially since March last year had witnessed several tests challenging Vinvest’s lows multiple number of times yet the lows could not be broken but each time strongly upheld instead. Not only that, each time the lows were tested, strong accumulation at lower prices steadfastly and convincingly occurred. This tells me savvy players see profitable upside potential in Vinvest in the near future.
 
This also shows that the silent bulls are loyal and stronger than the nervy and jittery bears that are trying to press down the price to buy back lower. The bears have failed on three occassions in setting their bear traps. Each bear trap resulted in the share price to be well and solidly supported at 16c -18c levels, and thereafter resumed its uptrend strongly. 
 
This current uptrend shows that the bears are submitting to the bulls and are participating in the price volume action together. 
 
In short, my bet is that Vinvest’s price will not go below 20c – 22c levels as if it does, there will be strong natural market support and fervent accumulation by savvy traders who have been closely following Vinvest for a few years, and in particular for the last 12 months.
 
We may never know what will happen in the future, yet these savvy traders recognise a good stock when they spot or sniff one and will swoop in to accumulate Vinvest whenever there’s any retracement or correction opportunity, hence the sustainability of the share as demonstrated over the past 12 months when it was trading in 14c – 17c range to 17.5c – 19.5c range to recently 20c – 22.5c range; and presently testing 23c – 26c levels.