Nov 4: Market Close Report on Vivocom. Close 92c Vol 143M.
What a ride it has been today. In fact the past three days have been exhilarating for Vivocom. Most powerful price hike with excellent liquidity and massive volumes traded. Indeed a very healthy stock to trade as indicated by its heavy follow-through buying at every level of selling.
⦁ Vivocom formed 3 consecutive impulsive wave degree and its uptrend is definitely confirmed, which is a most exciting wave 5/3/3.
⦁ The internal structure of extended wave 5 is forming wave 2 of 2, when it break above $0.940, it is revealing a very bullish buy signal for me because it is driven by consecutive impulse waves, which is wave 3/3/5/3/3 and this confirms that the rally is well and truly on, hence will continue its price uptrend.
⦁ I am anticipating it will cross above $1.00 and heading to test $1.21 and $1.30.
In fact I find the stock show very solid potential to surge to even 1.50 and 2.00. As I see very strong buying exceeding selling for the past three sessions, 86%, 51% and 61% buy up rates from Mon to Wed respectively.
So enjoy your ride upwards in a most dominating uptrend n upsurge, that is the Vivocom Rocket🚀🚀 🚀
What a ride it has been today. In fact the past three days have been exhilarating for Vivocom. Most powerful price hike with excellent liquidity and massive volumes traded. Indeed a very healthy stock to trade as indicated by its heavy follow-through buying at every level of selling.
⦁ Vivocom formed 3 consecutive impulsive wave degree and its uptrend is definitely confirmed, which is a most exciting wave 5/3/3.
⦁ The internal structure of extended wave 5 is forming wave 2 of 2, when it break above $0.940, it is revealing a very bullish buy signal for me because it is driven by consecutive impulse waves, which is wave 3/3/5/3/3 and this confirms that the rally is well and truly on, hence will continue its price uptrend.
⦁ I am anticipating it will cross above $1.00 and heading to test $1.21 and $1.30.
In fact I find the stock show very solid potential to surge to even 1.50 and 2.00. As I see very strong buying exceeding selling for the past three sessions, 86%, 51% and 61% buy up rates from Mon to Wed respectively.
So enjoy your ride upwards in a most dominating uptrend n upsurge, that is the Vivocom Rocket🚀🚀 🚀
To all my readers
- my name is Jason Wong and i am self-employed full time trader. I am involved in the equity markets since 1997 and ventured into TA in 1999, i share TA views on social media with 20K readers and followers - majority of them are from FB, Telegram and blog, named Elliot Wave Technical Analysis.
- I share analysis about stocks or projected directions from the TA point of view, I am Specialist in Elliott Wave, VSA, PAT and Chart patterns.
- I am Succussful guest speaker for Macquare and join effort to conduct several TA training
- Invited by kenanga and share investor as a guess speaker to conducts TA sharing in Bursa Malaysia and Security commission
- The content on this site is provided as general information only and should not be taken as investment advice.
- All site content, shall not be construed as a recommendation to buy or sell any security or financial instrument.
The ideas expressed are solely the opinions of the author. Any action that you take as a result of information, analysis, or commentary on this site is ultimately your responsibility.
- Consult your investment adviser before making any investment decisions
- If you feel the information I share is good and u may share this link to invite friend to join us to learn together Telegram : https://t.me/KLSETA
Youtube https://www.youtube.com/channel/UChd2fMmpBkP6nHEo_pBoo4w
- my name is Jason Wong and i am self-employed full time trader. I am involved in the equity markets since 1997 and ventured into TA in 1999, i share TA views on social media with 20K readers and followers - majority of them are from FB, Telegram and blog, named Elliot Wave Technical Analysis.
- I share analysis about stocks or projected directions from the TA point of view, I am Specialist in Elliott Wave, VSA, PAT and Chart patterns.
- I am Succussful guest speaker for Macquare and join effort to conduct several TA training
- Invited by kenanga and share investor as a guess speaker to conducts TA sharing in Bursa Malaysia and Security commission
- The content on this site is provided as general information only and should not be taken as investment advice.
- All site content, shall not be construed as a recommendation to buy or sell any security or financial instrument.
The ideas expressed are solely the opinions of the author. Any action that you take as a result of information, analysis, or commentary on this site is ultimately your responsibility.
- Consult your investment adviser before making any investment decisions
- If you feel the information I share is good and u may share this link to invite friend to join us to learn together Telegram : https://t.me/KLSETA
Youtube https://www.youtube.com/channel/UChd2fMmpBkP6nHEo_pBoo4w
Nov 5 Vivocom Morning Session closed $1.01 volume 61.7M.
What a kickstart to the price on opening today, Vivocom another day another dollar! Powerful surge upon opening and looks strongly bullish for the uptrend to continue North and away.
1) Gap up 4 pips on morning section with high volume break out away from $0.940, I added more position on open market , because this is an extremely strong bullish signal based on Price volume action analysis.
2) 15 min chart showed that it is on consolidation phase with volume holding well which is a very healthy sign. 3) Its very highly likely that it will break out away from today’s morning session’s high at $1.03 and heading to cross above $1.07 than to test 1.20/1.25.
4) In line with Elliot wave analysis, we are riding very 5 consecutive impulsive waves, which is wave 5/3/5/3/3, the most preferable investment wave count idea, because if it occurs, it is supposedly the longest and strongest bull rally base on a 15 min chart.
In short, the Rally looking very exciting and in tact for accumulation by savvy market traders before the next sharp ascent begins.
I confidently do not foresee any serious price weakening at all in the immediate term. Perhaps a slight pullback for accumulation opportunities before a sharp spike up in price to RM1.07, then breaking RM1.20/1.25.
Happy Trading. Go make a killing!
What a kickstart to the price on opening today, Vivocom another day another dollar! Powerful surge upon opening and looks strongly bullish for the uptrend to continue North and away.
1) Gap up 4 pips on morning section with high volume break out away from $0.940, I added more position on open market , because this is an extremely strong bullish signal based on Price volume action analysis.
2) 15 min chart showed that it is on consolidation phase with volume holding well which is a very healthy sign. 3) Its very highly likely that it will break out away from today’s morning session’s high at $1.03 and heading to cross above $1.07 than to test 1.20/1.25.
4) In line with Elliot wave analysis, we are riding very 5 consecutive impulsive waves, which is wave 5/3/5/3/3, the most preferable investment wave count idea, because if it occurs, it is supposedly the longest and strongest bull rally base on a 15 min chart.
In short, the Rally looking very exciting and in tact for accumulation by savvy market traders before the next sharp ascent begins.
I confidently do not foresee any serious price weakening at all in the immediate term. Perhaps a slight pullback for accumulation opportunities before a sharp spike up in price to RM1.07, then breaking RM1.20/1.25.
Happy Trading. Go make a killing!
Forwarded from Elliot Wave Rider 🔥🔥🔥🔥🔥
The most important part of the announcement from a share trading perspective is the SIM. Self Imposed Moratorium.
In essence this means no shares to sell or unload by owner/founder/promoters of the Company which explain why the shares have shot up so aggressively and with such strength that it’s doesn’t even display any weakness of slight retracement whatsoever.(page 29)
In essence this means no shares to sell or unload by owner/founder/promoters of the Company which explain why the shares have shot up so aggressively and with such strength that it’s doesn’t even display any weakness of slight retracement whatsoever.(page 29)
Whenever the owner pledges not to sell his share, it gives confidence to the market players to go in aggressively.
Most Moratorium usually only 3 to 6 months. So in this case 36 months is God Sent.
The owner must have big plans lar as share price drops sharply in most cases mainly due to owner’s cashing out or unloading shares.
This also mean public float shares most likely in short supply. Simple logic is when demand exceed supply, shares will shoot up sharply as more buyers than sellers.
All also depends on how the market chases up the shares because the owner not selling his shares for three years shows solid commitment and confidence in the long term future of the Company and staying power.
Most Moratorium usually only 3 to 6 months. So in this case 36 months is God Sent.
The owner must have big plans lar as share price drops sharply in most cases mainly due to owner’s cashing out or unloading shares.
This also mean public float shares most likely in short supply. Simple logic is when demand exceed supply, shares will shoot up sharply as more buyers than sellers.
All also depends on how the market chases up the shares because the owner not selling his shares for three years shows solid commitment and confidence in the long term future of the Company and staying power.