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Jovin See commented on VINVEST.
3 years
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27 Nov 2020
Vivocom: End of Day Report
Closed RM1.01 with volume 259.6M.
Truly a remarkable and memorable week without a shadow of doubt for Vivocom’s shareholders.
What a helluva rollercoaster ride it had been. Today’s powerful rebound rally was technically magnificent.
VIVOCOM trended sharply higher and closed the day near its daily permissible limit- up price of RM1.01, up 20.5 cents on heavy volumes. Buy up rates at 54% also exceeded sell down rate.
That is the way it is in the stockmarket. It’s all about the supply and demand of a stock. The 2-days rebound cum sharp recovery-rally took prices upwards to test and penetrated its 25% recovery price target and closed the day exactly at the the retracement target at RM1.01.
My crystal ball is indicating that this current bullish momentum would fuel another bullish push and take values to attempt its next rebound.
Over the last two days, the total volume swelled to 665 M shares. This indicates that strong positive cash flow has taken place and these strong-hands are looking for further price advances in days and weeks ahead.
At close, the powerful Quantitative Algorithm signals are in bullish divergence and signaled that the cycle is bullish and confirmed that the near term trend is up.
1. A new Bull rally uptrend has just started today ! It will undoubtedly continue on next week and we may never see the price below Rm0.995 after that. It will be last chance for anyone to grab the cheap tickets if it trades below RM1.00 !
2. Vivocom’s surging super bulls have regained the lost battle field of RM1.50/RM2.00 it had ceded the past several trading sessions. Below are the technical highlights :-
A.15/30/60/daily chart showed vivid formation of buying sizzling candle, a very strong indication that the stock had found its bottom and that a fresh new bull trend has emerged across all time frame (TA Chart 1).
B. With today’s daily candle crossing yesterday share price high/Gap down, this confirmed that the stock had found its bottom at the RM0.645 level, and a critical key reversal uptrend has appeared (TA Chart 1)
C. Stock’s DNA, 30 min chart showed very clear evidence that the correction had overpowered five 30 min candles before the next upswing and rally had been officially triggered. This basically indicates to me that the same pattern of uptrend before Vivocom breaks today’s high at RM1.06 will most likely persist. (TA Chart 2)
3. Immediate Support RM1.00/RM0.900/RM0.855
4. Immediate Resistance RM1.13/RM1.22/RM1.40
5. My price target based on Fibonacci retracement will be RM1.17/RM1.34/RM1.50 (TA Chart 3)
In conclusion, never ever quarrel with the market and price charts. They can be bearish today and turn bullish the next day.They are the graphic representation of the psychology of the markets. They don’t tell lies.
Vivocom The SuperBull has returned with a vengeance, evident from the sharp V-shape rebound.
V shape V shape V shape Recovery. It did happen right like I said it would.
It’s so crystal clear that Vivocom is a pure play momentum stock and with the V-Shape recovery, ask yourself if the following is likely to be replicated next week.
Look at the following from Nov 2nd to 6th & 9th/12th:
2 Nov,Vol144M CL RM0.675
3 Nov Vol 61M CL RM0.745
4 Nov Vol 143M CL RM0.92
5 Nov Vol 84M CL RM1.07
6 Nov Vol 151M CL RM1.00
9 Nov Vol 20M CL RM1.02
10 Nov Vol 65M CL RM1.19
11 Nov Vol 112M CL RM1.39
12 Nov Vol 77M CL RM1.44
13 Nov Vol 69M CL RM1.50
Will the patterns or trends be replicated, only time will tell.
V shape V shape V shape Recovery confirmed.
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.
Vivocom: End of Day Report
Closed RM1.01 with volume 259.6M.
Truly a remarkable and memorable week without a shadow of doubt for Vivocom’s shareholders.
What a helluva rollercoaster ride it had been. Today’s powerful rebound rally was technically magnificent.
VIVOCOM trended sharply higher and closed the day near its daily permissible limit- up price of RM1.01, up 20.5 cents on heavy volumes. Buy up rates at 54% also exceeded sell down rate.
That is the way it is in the stockmarket. It’s all about the supply and demand of a stock. The 2-days rebound cum sharp recovery-rally took prices upwards to test and penetrated its 25% recovery price target and closed the day exactly at the the retracement target at RM1.01.
My crystal ball is indicating that this current bullish momentum would fuel another bullish push and take values to attempt its next rebound.
Over the last two days, the total volume swelled to 665 M shares. This indicates that strong positive cash flow has taken place and these strong-hands are looking for further price advances in days and weeks ahead.
At close, the powerful Quantitative Algorithm signals are in bullish divergence and signaled that the cycle is bullish and confirmed that the near term trend is up.
1. A new Bull rally uptrend has just started today ! It will undoubtedly continue on next week and we may never see the price below Rm0.995 after that. It will be last chance for anyone to grab the cheap tickets if it trades below RM1.00 !
2. Vivocom’s surging super bulls have regained the lost battle field of RM1.50/RM2.00 it had ceded the past several trading sessions. Below are the technical highlights :-
A.15/30/60/daily chart showed vivid formation of buying sizzling candle, a very strong indication that the stock had found its bottom and that a fresh new bull trend has emerged across all time frame (TA Chart 1).
B. With today’s daily candle crossing yesterday share price high/Gap down, this confirmed that the stock had found its bottom at the RM0.645 level, and a critical key reversal uptrend has appeared (TA Chart 1)
C. Stock’s DNA, 30 min chart showed very clear evidence that the correction had overpowered five 30 min candles before the next upswing and rally had been officially triggered. This basically indicates to me that the same pattern of uptrend before Vivocom breaks today’s high at RM1.06 will most likely persist. (TA Chart 2)
3. Immediate Support RM1.00/RM0.900/RM0.855
4. Immediate Resistance RM1.13/RM1.22/RM1.40
5. My price target based on Fibonacci retracement will be RM1.17/RM1.34/RM1.50 (TA Chart 3)
In conclusion, never ever quarrel with the market and price charts. They can be bearish today and turn bullish the next day.They are the graphic representation of the psychology of the markets. They don’t tell lies.
Vivocom The SuperBull has returned with a vengeance, evident from the sharp V-shape rebound.
V shape V shape V shape Recovery. It did happen right like I said it would.
It’s so crystal clear that Vivocom is a pure play momentum stock and with the V-Shape recovery, ask yourself if the following is likely to be replicated next week.
Look at the following from Nov 2nd to 6th & 9th/12th:
2 Nov,Vol144M CL RM0.675
3 Nov Vol 61M CL RM0.745
4 Nov Vol 143M CL RM0.92
5 Nov Vol 84M CL RM1.07
6 Nov Vol 151M CL RM1.00
9 Nov Vol 20M CL RM1.02
10 Nov Vol 65M CL RM1.19
11 Nov Vol 112M CL RM1.39
12 Nov Vol 77M CL RM1.44
13 Nov Vol 69M CL RM1.50
Will the patterns or trends be replicated, only time will tell.
V shape V shape V shape Recovery confirmed.
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.
27 Nov 2020
Vivocom: Lunch Time Report
RM0.995 with volume at 178M.
What a Warrior Vivocom. A True Blue Super Bull Warrior!
Fearlessly Charging, Surging & Storming through all the gates at the lower levels prices, from RM0.835 up all the way to its morning high of RM1.03 with such swagger, bravado n without any hint of fear or doubts, it speaks volumes about the inherent strength and resilience of the true n pure momentum stock, none other than VIVOCOM!!!
VIVA VIVOCOM. Long Live the Super Bull!!!
V shape V shape V shape Recovery. It did happen right like I said it would.
So what’s should be your next course of action. It’s so crystal clear that Vivocom is a pure play true momentum stock, driven by by pure market forces.
Pure market forces drove it down.Likewise Pure Market forces again can drive it up.
Look at the following from Nov 2nd to 6th & 9th/12th:
2 Nov,Vol144M CL RM0.675
3 Nov Vol 61M CL RM0.745
4 Nov Vol 143M CL RM0.92
5 Nov Vol 84M CL RM1.07
6 Nov Vol 151M CL RM1.00
9 Nov Vol 20M CL RM1.02
10 Nov Vol 65M CL RM1.19
11 Nov Vol 112M CL RM1.39
12 Nov Vol 77M CL RM1.44
13 Nov Vol 69M CL RM1.50
Will the patterns or trends be replicated, only time will tell.
V shape V shape V shape Recovery confirmed. So what are you all still waiting for.
Average down! Average down! Average down!
Technical speaking here are today’s highlights :
1. 6 pips gap up with volume 15.9 million share traded in the first 15 min, forming a red hanging man candle, a mix signal about its early direction n uptrend but once Vivocom’s price crossed above immediate resistance zone (RM0.840-RM0.855), the bull emerged with such dominance and aplomb as if to say, “Here I am again. I bet you guys must have missed my surging runs.”
2. A most exciting n bullish “buying sizzling” candle on 15 min chart also surfaced. It is a mirror of day chart, the moment the price crossed above or below the buying sizzling candle (anchor candle), it will determine the next direction, with the bullish 15 min chart trend also well developed by now !
I am excited and looking at today’s daily candle, if it can close above 50% of today candle length, Vivocom very undoubtedly continue the bull rally recovery.
3. One of the key points I would like to highlight is $0.855 which was a gap down close two days ago. Trading way above the 85.5 low gives me confidence that the worse is over and we are currently in fresh new uptrend n exciting trading territories.
4.Immediate support is/$0.960/$0.900/$0.855
5.Immediate resistance is $1.13/$1.22/$1.31
6.MY target for next week Monday –Wednesday RM1.20/RM1.32/RM1.45
Guys The SuperBull is Back. You do what is right.
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.
Vivocom: Lunch Time Report
RM0.995 with volume at 178M.
What a Warrior Vivocom. A True Blue Super Bull Warrior!
Fearlessly Charging, Surging & Storming through all the gates at the lower levels prices, from RM0.835 up all the way to its morning high of RM1.03 with such swagger, bravado n without any hint of fear or doubts, it speaks volumes about the inherent strength and resilience of the true n pure momentum stock, none other than VIVOCOM!!!
VIVA VIVOCOM. Long Live the Super Bull!!!
V shape V shape V shape Recovery. It did happen right like I said it would.
So what’s should be your next course of action. It’s so crystal clear that Vivocom is a pure play true momentum stock, driven by by pure market forces.
Pure market forces drove it down.Likewise Pure Market forces again can drive it up.
Look at the following from Nov 2nd to 6th & 9th/12th:
2 Nov,Vol144M CL RM0.675
3 Nov Vol 61M CL RM0.745
4 Nov Vol 143M CL RM0.92
5 Nov Vol 84M CL RM1.07
6 Nov Vol 151M CL RM1.00
9 Nov Vol 20M CL RM1.02
10 Nov Vol 65M CL RM1.19
11 Nov Vol 112M CL RM1.39
12 Nov Vol 77M CL RM1.44
13 Nov Vol 69M CL RM1.50
Will the patterns or trends be replicated, only time will tell.
V shape V shape V shape Recovery confirmed. So what are you all still waiting for.
Average down! Average down! Average down!
Technical speaking here are today’s highlights :
1. 6 pips gap up with volume 15.9 million share traded in the first 15 min, forming a red hanging man candle, a mix signal about its early direction n uptrend but once Vivocom’s price crossed above immediate resistance zone (RM0.840-RM0.855), the bull emerged with such dominance and aplomb as if to say, “Here I am again. I bet you guys must have missed my surging runs.”
2. A most exciting n bullish “buying sizzling” candle on 15 min chart also surfaced. It is a mirror of day chart, the moment the price crossed above or below the buying sizzling candle (anchor candle), it will determine the next direction, with the bullish 15 min chart trend also well developed by now !
I am excited and looking at today’s daily candle, if it can close above 50% of today candle length, Vivocom very undoubtedly continue the bull rally recovery.
3. One of the key points I would like to highlight is $0.855 which was a gap down close two days ago. Trading way above the 85.5 low gives me confidence that the worse is over and we are currently in fresh new uptrend n exciting trading territories.
4.Immediate support is/$0.960/$0.900/$0.855
5.Immediate resistance is $1.13/$1.22/$1.31
6.MY target for next week Monday –Wednesday RM1.20/RM1.32/RM1.45
Guys The SuperBull is Back. You do what is right.
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.
26 Nov 2020
Vivocom: End of Day Report
Close RM0.805 with 406.1M volume
What a turnaround today was for Vivocom’s shares. The share price closed down by 5c. Yet it was the V-shape classical recovery that had the market taken by surprise and everyone gobsmacked with the astonishing flip flop in market reaction.
Yes the market can be so fickle and ruthless. But today’s Vivocom’s reversal in fortunes was something else altogether especially when the market was awashed with doomsayers: that Vivocom had reached a point of no return.
After two Limit Downs with the third day a circuit breaker at RM0.855, with not a single buyer in Q, today’s buy up rate was an impressive and comforting 45% n 54% for the morning and afternoon sessions respectively. There was even a brief period of panic buying.
Here are today’s highlights :
1. Buying sizzling on 15 min and daily candle !!! What is that? Let study and learn together
2. The meaning of buying sizzling, big hefty Q of sellers was well absorbed during panic selling by investors and position traders, the volume reached a historical high and relative to the last trading session was enormous n most impressively, with an opening price gap down of 16pips followed by a tight trading range, the closing price on par with opening price or higher than opening price was a sign of extreme bullishness in the days ahead.
3. This showed that the overall market is indeed very confident & secured that for Vivocom, the worst has truly bottomed.
4. In morning section with buying sizzling vivid forming on the 15 min candle, it was very solid signal of reversal up candle, which happened right after trading above the 15 min candle high at RM0.73. Another strong indication on today’s 15 min chart which showed the share possibly trending higher at RM0.835 (pic1).
5. Today’s daily candle was a mirror 1st 15 min trading candle ! Total 406.1M volume traded at the 20 cent trading range with green candle ! satisfying all buying sizzling criteria, signalling that the market is overawed with confidence that buying interests from investors and position traders is massive & humongous.
6. The candle closed above 23.6% of today trading range (pic 2) I am confident that VIVOCOM has reached rock bottom already and from tomorrow onward will trade at 50% above today trading range with a hefty uptrend bias
7. My target price projection for tmrw based on Fibonacci is RM0.930/RM1.07/RM1.21
8. My immediate support is RM0.780/RM0.730/RM0.700
9. My immediate resistance is RM0.855/RM0.900/RM1.00
To sum up I would like to add to the above 9 points by reiterating that the panic and force selling is by and large over, finito. Today’s trading activities have ushered a most compelling case of a classical key-reversal of prices in Vivocom.
Such 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 again stronger, steadier, more stable and sustainable.
Remember the first week of November when it soared from RM0.48/RM0.75/RM0.88/RM0.98/RM1.19 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.
Vivocom: End of Day Report
Close RM0.805 with 406.1M volume
What a turnaround today was for Vivocom’s shares. The share price closed down by 5c. Yet it was the V-shape classical recovery that had the market taken by surprise and everyone gobsmacked with the astonishing flip flop in market reaction.
Yes the market can be so fickle and ruthless. But today’s Vivocom’s reversal in fortunes was something else altogether especially when the market was awashed with doomsayers: that Vivocom had reached a point of no return.
After two Limit Downs with the third day a circuit breaker at RM0.855, with not a single buyer in Q, today’s buy up rate was an impressive and comforting 45% n 54% for the morning and afternoon sessions respectively. There was even a brief period of panic buying.
Here are today’s highlights :
1. Buying sizzling on 15 min and daily candle !!! What is that? Let study and learn together
2. The meaning of buying sizzling, big hefty Q of sellers was well absorbed during panic selling by investors and position traders, the volume reached a historical high and relative to the last trading session was enormous n most impressively, with an opening price gap down of 16pips followed by a tight trading range, the closing price on par with opening price or higher than opening price was a sign of extreme bullishness in the days ahead.
3. This showed that the overall market is indeed very confident & secured that for Vivocom, the worst has truly bottomed.
4. In morning section with buying sizzling vivid forming on the 15 min candle, it was very solid signal of reversal up candle, which happened right after trading above the 15 min candle high at RM0.73. Another strong indication on today’s 15 min chart which showed the share possibly trending higher at RM0.835 (pic1).
5. Today’s daily candle was a mirror 1st 15 min trading candle ! Total 406.1M volume traded at the 20 cent trading range with green candle ! satisfying all buying sizzling criteria, signalling that the market is overawed with confidence that buying interests from investors and position traders is massive & humongous.
6. The candle closed above 23.6% of today trading range (pic 2) I am confident that VIVOCOM has reached rock bottom already and from tomorrow onward will trade at 50% above today trading range with a hefty uptrend bias
7. My target price projection for tmrw based on Fibonacci is RM0.930/RM1.07/RM1.21
8. My immediate support is RM0.780/RM0.730/RM0.700
9. My immediate resistance is RM0.855/RM0.900/RM1.00
To sum up I would like to add to the above 9 points by reiterating that the panic and force selling is by and large over, finito. Today’s trading activities have ushered a most compelling case of a classical key-reversal of prices in Vivocom.
Such 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 again stronger, steadier, more stable and sustainable.
Remember the first week of November when it soared from RM0.48/RM0.75/RM0.88/RM0.98/RM1.19 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.
26 Nov 2020
Vivocom: lunch time report
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.
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.
Time needed to analyse and investigate the reason for today's drop. Will issue report later by midnight
23 Nov 2020
Vivocom: lunch time report
Vivocom opened gapped up at 1.79 to reach as high as RM1.82 before coming back down to RM1.74. This showed that Vivocom is still in consolidation phase.
Taking into consideration that today is T+2 for short-term players, this is indeed healthy and quite normal in a consolidation mode. As seen on the daily chart, the support is forming at around RM1.70/1.75 trading region.
From my technical analysis, indicators show that short term selling is drying up with medium-term uptrend still intact.
In my opinion, I do not think that Vivocom will trade below RM1.70 as traders will protect this level faithfully.
So what does this mean for Vivocom in the coming days? It means that we could see Vivocom regrouping in RM1.70/1.85 price range before launching to soar higher. Bear in mind Vivocom’s average trading range or ATR is 15/20 pips.
At the moment, the general market sentiment is slightly dampened as traders are pricing in a potential rejection of Budget 2021 by the Parliament. Should the budget be rejected, the downside is limited as it is already within expectation.
However, should the budget be approved, it could serve as a potential catalyst that jolts the market back to life. Positive general market sentiment will allow Vivocom to test the previous high: RM2.05
Vivocom: lunch time report
Vivocom opened gapped up at 1.79 to reach as high as RM1.82 before coming back down to RM1.74. This showed that Vivocom is still in consolidation phase.
Taking into consideration that today is T+2 for short-term players, this is indeed healthy and quite normal in a consolidation mode. As seen on the daily chart, the support is forming at around RM1.70/1.75 trading region.
From my technical analysis, indicators show that short term selling is drying up with medium-term uptrend still intact.
In my opinion, I do not think that Vivocom will trade below RM1.70 as traders will protect this level faithfully.
So what does this mean for Vivocom in the coming days? It means that we could see Vivocom regrouping in RM1.70/1.85 price range before launching to soar higher. Bear in mind Vivocom’s average trading range or ATR is 15/20 pips.
At the moment, the general market sentiment is slightly dampened as traders are pricing in a potential rejection of Budget 2021 by the Parliament. Should the budget be rejected, the downside is limited as it is already within expectation.
However, should the budget be approved, it could serve as a potential catalyst that jolts the market back to life. Positive general market sentiment will allow Vivocom to test the previous high: RM2.05
VIVOCOM: FORECAST (23-27 NOV 2020)
https://klse.i3investor.com/blogs/see/2020-11-21-story-h1536550326-VIVOCOM_FORECAST_23_27_NOV_2020.jsp
https://klse.i3investor.com/blogs/see/2020-11-21-story-h1536550326-VIVOCOM_FORECAST_23_27_NOV_2020.jsp
20 Nov 2020
Vivocom: end of day report
Vivocom rebounded from its intraday low of RM1.69 to close at RM1.74, down 9.4% from yesterday.
Active trading puts Vivocom the #6 most actively traded counter in terms of value today.
In fact, Vivocom was top twenty most actively traded counter in terms of value for 9 out of the past 10 trading days, and top ten for 16 out of the past 20 days.
This confirmed my research published on 19 Nov 2020, indicating that interests in Vivocom remains incredibly high and liquidity is plentiful.
With high interests and liquidity comes tight spread, fierce competition and volatility.
Volatility is part and parcel of the game. Like I have previously mentioned: the market is always right.
The market is saying something right now whereby a pattern is emerging from the past 3 weeks of trading in Vivocom’s shares.
Vivocom’s share price goes into slight retracement for every Friday for the past 3 weeks like a clockwork.
First Friday (6 Nov): 30 cents range, down 6.5%
Second Friday (13 Nov): 18 cents range, down 3.2%
Third Friday (20 Nov): 25 cents range, down 9.4%
After each retracement, the stock would rebound strongly and almost faithfully the following week without fail.
Perhaps the same will follow suit next week? We shall see then, won’t we.
I have mentioned this in my earlier afternoon report and I would like to do so again as it’s a most pertinent issue.
Whether Vivocom is another Pump & Dump (P&D) play as rumours swirl widely in the market alleging that it is and that its price is going to be dump soon like any P&D counter.
This has caused investors to rightly be nervous and anxious that the price might actually plummet soon and hence prompted many to sell and lock in their profits.
I beg to differ however. From my close monitoring and analysis on Vivocom's trade velocity and its recent’s announcement of a 3 year moratorium on the new owner’s shares, I’m very bullish about Vivocom’s share price.
The moratorium has essentially remove a big chunk of shares from the supply side. I estimated only 150 to 200 million shares in circulation n actively traded
Only ~150/200 million also not enough shares to meet the huge demand for Vivocom’s shares due to pure momentum trading.
Shares under moratorium how to dump la. The logic doesn’t make sense.
Given time, once the public know that Vivocom is not a P&D stock, it will shoot up like a rocket again.
Investors are new to the concept of self-imposed moratorium as it is unprecedented in KLSE.
Share price is all about demand vs supply. As illustrated in my research paper, we can see the demand for Vivocom’s share is HUGE and we are only in the third week of the rally.
When the supply is scarce and limited while the demand is so huge and overwhelming, the share price will only move in one direction, which is up.
Give Vivocom some time to prove itself to everybody.
Once investors see that Vivocom’s share price won’t collapse due to the limited supply of shares and huge demand for the shares, then they will buy into Vivocom’s shares, engendering the kind of unstoppable momentum that allows it to rocket back to prices at RM2.30, then RM3.00 and RM3.60.
At current price, the upside is more than 100% when the share price goes to RM3.60, while the support level is at RM1.70. The risk vs reward ratio is skewed favourably towards investors' side.
Vivocom: end of day report
Vivocom rebounded from its intraday low of RM1.69 to close at RM1.74, down 9.4% from yesterday.
Active trading puts Vivocom the #6 most actively traded counter in terms of value today.
In fact, Vivocom was top twenty most actively traded counter in terms of value for 9 out of the past 10 trading days, and top ten for 16 out of the past 20 days.
This confirmed my research published on 19 Nov 2020, indicating that interests in Vivocom remains incredibly high and liquidity is plentiful.
With high interests and liquidity comes tight spread, fierce competition and volatility.
Volatility is part and parcel of the game. Like I have previously mentioned: the market is always right.
The market is saying something right now whereby a pattern is emerging from the past 3 weeks of trading in Vivocom’s shares.
Vivocom’s share price goes into slight retracement for every Friday for the past 3 weeks like a clockwork.
First Friday (6 Nov): 30 cents range, down 6.5%
Second Friday (13 Nov): 18 cents range, down 3.2%
Third Friday (20 Nov): 25 cents range, down 9.4%
After each retracement, the stock would rebound strongly and almost faithfully the following week without fail.
Perhaps the same will follow suit next week? We shall see then, won’t we.
I have mentioned this in my earlier afternoon report and I would like to do so again as it’s a most pertinent issue.
Whether Vivocom is another Pump & Dump (P&D) play as rumours swirl widely in the market alleging that it is and that its price is going to be dump soon like any P&D counter.
This has caused investors to rightly be nervous and anxious that the price might actually plummet soon and hence prompted many to sell and lock in their profits.
I beg to differ however. From my close monitoring and analysis on Vivocom's trade velocity and its recent’s announcement of a 3 year moratorium on the new owner’s shares, I’m very bullish about Vivocom’s share price.
The moratorium has essentially remove a big chunk of shares from the supply side. I estimated only 150 to 200 million shares in circulation n actively traded
Only ~150/200 million also not enough shares to meet the huge demand for Vivocom’s shares due to pure momentum trading.
Shares under moratorium how to dump la. The logic doesn’t make sense.
Given time, once the public know that Vivocom is not a P&D stock, it will shoot up like a rocket again.
Investors are new to the concept of self-imposed moratorium as it is unprecedented in KLSE.
Share price is all about demand vs supply. As illustrated in my research paper, we can see the demand for Vivocom’s share is HUGE and we are only in the third week of the rally.
When the supply is scarce and limited while the demand is so huge and overwhelming, the share price will only move in one direction, which is up.
Give Vivocom some time to prove itself to everybody.
Once investors see that Vivocom’s share price won’t collapse due to the limited supply of shares and huge demand for the shares, then they will buy into Vivocom’s shares, engendering the kind of unstoppable momentum that allows it to rocket back to prices at RM2.30, then RM3.00 and RM3.60.
At current price, the upside is more than 100% when the share price goes to RM3.60, while the support level is at RM1.70. The risk vs reward ratio is skewed favourably towards investors' side.
20 Nov 2020
Vivocom: lunchtime report
Today Vivocom closed the morning session at RM1.78, with 36.49 million shares traded.
There is some jitters surrounding the stock today but let’s review the score:
First week (2-6 Nov): RM0.50 to RM1.00, up 50c.
Second week (9-13 Nov): RM1.00 to RM1.50, up 50c.
Third week (16-20 Nov): RM1.50 to RM1.78, up 28c.
Despite the retracement that is happening today, we are still up 28c for the week.
Once again, I would like to highlight that previously the interests in Vivocom 2015-2016 lasted about 9 months, we are just in the third week.
The game is far from over. In fact, what my analysis tells me is that the game has just begun.
As I see it, presently market talk is that this Vivocom is another Pump & Dump play and very soon will the price will collapse. Naysayers and sceptics abound always.
This has caused investors to rightly be nervous and anxious that the price might plummet soon and hence prompted many to sell and lock in their profits.
I beg to differ however. From my close monitoring and analysis on Vivocom's trade velocity and its recent’s announcement of a 3 year moratorium on the new owner’s shares, I’m very bullish about Vivocom’s share price.
The moratorium has essentially remove a big chunk of shares from the supply side. I estimated only 150 to 200 million shares in circulation n actively traded
Only ~150/200 million also not enough shares to meet the huge demand for Vivocom’s shares due to pure momentum trading.
Shares under moratorium how to dump la. The logic doesn’t make sense.
Given time, once the public know that Vivocom is not a P&D stock, it will shoot up like a rocket back to prices at RM2.30, then RM3.00 and RM3.60.
KLSE needs a stock the public can trust and believe in.
Vivocom: lunchtime report
Today Vivocom closed the morning session at RM1.78, with 36.49 million shares traded.
There is some jitters surrounding the stock today but let’s review the score:
First week (2-6 Nov): RM0.50 to RM1.00, up 50c.
Second week (9-13 Nov): RM1.00 to RM1.50, up 50c.
Third week (16-20 Nov): RM1.50 to RM1.78, up 28c.
Despite the retracement that is happening today, we are still up 28c for the week.
Once again, I would like to highlight that previously the interests in Vivocom 2015-2016 lasted about 9 months, we are just in the third week.
The game is far from over. In fact, what my analysis tells me is that the game has just begun.
As I see it, presently market talk is that this Vivocom is another Pump & Dump play and very soon will the price will collapse. Naysayers and sceptics abound always.
This has caused investors to rightly be nervous and anxious that the price might plummet soon and hence prompted many to sell and lock in their profits.
I beg to differ however. From my close monitoring and analysis on Vivocom's trade velocity and its recent’s announcement of a 3 year moratorium on the new owner’s shares, I’m very bullish about Vivocom’s share price.
The moratorium has essentially remove a big chunk of shares from the supply side. I estimated only 150 to 200 million shares in circulation n actively traded
Only ~150/200 million also not enough shares to meet the huge demand for Vivocom’s shares due to pure momentum trading.
Shares under moratorium how to dump la. The logic doesn’t make sense.
Given time, once the public know that Vivocom is not a P&D stock, it will shoot up like a rocket back to prices at RM2.30, then RM3.00 and RM3.60.
KLSE needs a stock the public can trust and believe in.
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