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.
Nov 5th - Market Report Vivocom. Close $1.07 volume 83.67M.
Today Vivocom turned in yet another stunning performance, Gap Up Opening and Gap Up Clising. With strong convincing volume and a healthy yet hefty price hike of 15c for the day. Wow!
I am anticipating tomorrow will be another bullish day.
With my over 20 years of experience in trading and market risks assessment, I remain highly bullish on Vivocom heading into tomorrow based on the following technical justification :-
1) First and foremost, the Gap Up by 4 pips this morning with high volume break out away from $0.94 was simply brilliant.
2) Consequently on the 15 min chart and market closing matching and traded at gap up closing 2 pips, this formed a supremely bullish Marobozu candle stick.
From A Volume Price Action Analysis interpretation this is a most healthy bullish rally indeed. Traders get highly excited when a Marubozu candle emerges.
The Prices spread & quantity of volume traded was robustly healthty relatives to yesterday’s.
Elliot Wave developed wave 5/3/5/3 on M15 chart and super duper strong wave 3 on daily chart. Because price move up with scarcely any retracement on 4 consecutive days, volumes on wave 3 is higher than wave 1.
Base on Elliott wave rule, the target price for the wave 3 is calculated 161.8%which is RM1.14, or 261.8%($1.59) and 423.6%($2.35) extension of wave 1.
I will leverage up(add some position) right after the price cross RM1.14, because price high chance will go to next level RM1.59/2.35.
With the announcement made after close of market today however it is worth noting that the price may hit Limit Up due to massive demand chasing after limited supply of shares, especially after the past 5 days of sharp price hikes with over 63% buy up rates.
Happy Trading.
Today Vivocom turned in yet another stunning performance, Gap Up Opening and Gap Up Clising. With strong convincing volume and a healthy yet hefty price hike of 15c for the day. Wow!
I am anticipating tomorrow will be another bullish day.
With my over 20 years of experience in trading and market risks assessment, I remain highly bullish on Vivocom heading into tomorrow based on the following technical justification :-
1) First and foremost, the Gap Up by 4 pips this morning with high volume break out away from $0.94 was simply brilliant.
2) Consequently on the 15 min chart and market closing matching and traded at gap up closing 2 pips, this formed a supremely bullish Marobozu candle stick.
From A Volume Price Action Analysis interpretation this is a most healthy bullish rally indeed. Traders get highly excited when a Marubozu candle emerges.
The Prices spread & quantity of volume traded was robustly healthty relatives to yesterday’s.
Elliot Wave developed wave 5/3/5/3 on M15 chart and super duper strong wave 3 on daily chart. Because price move up with scarcely any retracement on 4 consecutive days, volumes on wave 3 is higher than wave 1.
Base on Elliott wave rule, the target price for the wave 3 is calculated 161.8%which is RM1.14, or 261.8%($1.59) and 423.6%($2.35) extension of wave 1.
I will leverage up(add some position) right after the price cross RM1.14, because price high chance will go to next level RM1.59/2.35.
With the announcement made after close of market today however it is worth noting that the price may hit Limit Up due to massive demand chasing after limited supply of shares, especially after the past 5 days of sharp price hikes with over 63% buy up rates.
Happy Trading.
Vivocom: Open gap up but seller came in around $1.16-$1.17, which was temporary slow down the uptrend momentum and I am anticipate trading range should be at $1.07-1.19. As long as it stay within the uptrend channel I am stay very bullish on it and it should scale higher right after it break above today open high volume candle
Nov 6th : Vivocom Morning Session closed $1.04 volume 123.8M.
What a roller coaster exciting ride it was indeed this morning. I would even say spectacular impressive and breathtaking. Here’s why:-
1) Open gap up 8 pips, but seller came in around $1.16-$1.17 and form a trading range in between $1.07-$1.19.
2) Price slip below 15 min support level at $1.07, which is a indication of upswing momentum temporary slowdown and we enter in small correction phase.
3) Immediate support found at $0.890, which is 2 pips above Elliot wave 4 support level
4) I observed the panic selling by weak holder and it likely overdone.
This was Classic bear trap with bull traders creating panic selling so that they can collect as many shares as possible before the next MASSIVE UPSWING! Savvy players love such phenomena as they are well poised to capitalise on the panic selling n collect sufficient ammunition to profit from the next upswing and potentially a powerful and imminent LIMIT UP.
Hence I foresee the following :-
5) Price upswing should resume and retest $1.19 after wave 4 formation complete.
6) Next price level for wave 5 will be $1.35/$1.50.
Happy Trading!!!
What a roller coaster exciting ride it was indeed this morning. I would even say spectacular impressive and breathtaking. Here’s why:-
1) Open gap up 8 pips, but seller came in around $1.16-$1.17 and form a trading range in between $1.07-$1.19.
2) Price slip below 15 min support level at $1.07, which is a indication of upswing momentum temporary slowdown and we enter in small correction phase.
3) Immediate support found at $0.890, which is 2 pips above Elliot wave 4 support level
4) I observed the panic selling by weak holder and it likely overdone.
This was Classic bear trap with bull traders creating panic selling so that they can collect as many shares as possible before the next MASSIVE UPSWING! Savvy players love such phenomena as they are well poised to capitalise on the panic selling n collect sufficient ammunition to profit from the next upswing and potentially a powerful and imminent LIMIT UP.
Hence I foresee the following :-
5) Price upswing should resume and retest $1.19 after wave 4 formation complete.
6) Next price level for wave 5 will be $1.35/$1.50.
Happy Trading!!!
Nov 6th - Market Report on Vivocom. Close $1.00 volume 151.4M
Salients points for the day :-
1) Healthy and timely wave 4 correction was formed on 15 min candle, bullish buyer(total volume traded 31 million share) came in around 10:45am, all panic seller well absorbed and formed reversal up doji candle.
2)Correction wave occurred right after the bullish doji candle and I confidently anticipate ascending or contracting tringle will form which is a good chart pattern for next swing up
3) Any weakness toward 0.945- 0.970 is good oppt for me to buy.
4) I anticipate correction should end within 2-3 days time
5) Next big swing up to continue to the target of wave 3 ($1.59/$2.35) or wave5 ($1.35/1.50) will depend on the correction chart pattern developed and duration.
I miss the oppt to buy at fibo 38.2% during panic sell ! I will not miss if give me second chance . https://t.me/KLSETA
Salients points for the day :-
1) Healthy and timely wave 4 correction was formed on 15 min candle, bullish buyer(total volume traded 31 million share) came in around 10:45am, all panic seller well absorbed and formed reversal up doji candle.
2)Correction wave occurred right after the bullish doji candle and I confidently anticipate ascending or contracting tringle will form which is a good chart pattern for next swing up
3) Any weakness toward 0.945- 0.970 is good oppt for me to buy.
4) I anticipate correction should end within 2-3 days time
5) Next big swing up to continue to the target of wave 3 ($1.59/$2.35) or wave5 ($1.35/1.50) will depend on the correction chart pattern developed and duration.
I miss the oppt to buy at fibo 38.2% during panic sell ! I will not miss if give me second chance . https://t.me/KLSETA