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Morning Session Vivocom closed RM0.715 with 292.1M volume.
I know many of you must be wondering what happened to Vivocom shares the past three days. I’m just as lost n baffled as each and everyone of you. However I prefer to look ahead and not dwell on the past.
So I’m now looking forward and ahead just by looking at the technicals and the technicals are screaming: V-Shape V-Shape Recovery.
Here are today’s highlights:
1) Opened gap down 15.5 cents ! Trading range 9 cents with volume traded 100 million shares ! This is a sign of key reversal candle(anchor bar) clearly formed.
2) Price started to move above the anchor bar RM0.730 around 10am and gave us second affirmation the worst is over and that a new baseline price has been reset above RM0.640.
3)The high was set at RM0.780 in the morning and retraced to RM0.695 which is a as healthy retracement.
I am looking forward the stock price trading sideways toward a steady recovery, with support levels at RM0.695/0.675/0.640 &
Immediate resistance at RM0.780/0.855/0.900.
The panic and force selling has definitely abated for now. So far the trading n volumes exchanged n confidence anew displayed confirmed that today is a case of a classical key-reversal of prices.
Please note that a classical key-reversal chart configuration is a very powerful chart signal that confirms that the downward cycle is over and it marks the start of a new trend or cycle which is upwards.
We can look forward to better trading days ahead for Vivocom n dare I say the Bulls shall ARISE!
Remember the first week of November when it soared from 48c/75c/88c/98c/1.19c and finally closed at RM1.00. Just spend a moment reflecting on that. Is the Recovery replicating the same pattern, only time will tell.
Together we are strong. Divided we are weak!
P/S: I have made my trading calls in the past based solely on TA and will continue to do so.
Whatever projections any technical analysts makes can turn out to be absolutely right and it too can also be totally wrong.
I make no apologies.
I am not GOD, and as such, please do not ever refer to me as god. Greatly appreciated.
Stock trading is risk-taking!
If you can’t take risk, it would be best if you don’t trade at all.
is it good to continue con ppl ? i srsly suspecting all the ppl here with good comment like jovin and don don and dr yeoh are those who wanna trap newbies to buy the shares ... be careful guys
expected la, when share price rise abit confirm come out say rebound la this la that la, just curious why didn’t see you post your analysis during double limit down ya
Bro dont make any reports anymore
Everyone ady know actually what kind og stocks isit
Sincerely I am lucky I only brought small amount and learned a lesson and I continue to hold also since the amount is not huge
Perhaps 4years later become vovicam？
all this jovin , mr yeoh , dondon , mr bursa , be careful them , their intention is so obvious , wanna trap those newbies agn , will have karma for all of them
at least he still finally dare to come out to give his statement despite sure will get Bombarded by all of us. Actually I partly agree with Jovin statement. Yesterday it was confirm a market panic sell off, despite bursa already announced the lower limit is 0.855 which I post my statement. it will open at that price and could not go lower than that for the whole day. The next day morning, most of all people panic key to sell at the lower price and the volume and number keep on increasing.
this will cause the potential buyer to stop from buying after 15 minutes of trade. those people who key sell at that price yesterday also have to bear apart of responsibility despite only blaming or cursing. today again once market open, those people rush in to sell... massive and heavy sell caused this stock in about 5 minutes after open trade become the top active counter. Again it retrict potential buyer to buy after 10:30 am. and the volume suddenly slow down.
no point, Hwee Wei is either u gt to sell ur stock or ppl get to sell their stock. Stock market is not some game where u gt second chance to rebound. At least not everyone is that lucky.
you buy low and use report to cheat people for you to sell high? where the rm3? many people lost their hard earn money because of your bullshit report, hope you whole family hamkacham
