Nov 10th : Market Report on Vivocom. Close $1.19 volume 64.7 m
Vivocom’s performance today was both spectacular & breathtaking. What a show, wow!
Here are the highlights:-
1) Cup and handler price breakout $1.10 right after afternoon session when market resumed with volume 15.4 million, was the trigger to traders/investors, that the healthy correction from last Friday has officially ended. Hence the power rally has begun with prices soaring convincingly with strength & conviction.
2) New support ZONE had been established & marked by bullish traders and investors alike at $1.15, any weakness toward this level would drive in massive investors/traders buying interest.
3) Immediate support level( VSA) now pegged at $1.17, would also invite aggressive traders buying interest.
4) New wave 3 was formed on 15 min chart right after price closed on Monday high at $1.09, now we have 5 consecutive bullish impulse Waves clearly constructed, which were lending confidence of 3/3/5/3/3, indicating that the next immediate target $1.57 will be reached soon (Picture 1).
6) The 15min chart has also displayed a very bullish Price volume correlation, the last 15 min closing candle showed substantial volume 12.8M buy-up from $1.14 to $1.20, this to me signalled that tomorrow Vivocom may have run away gap during opening(picture 2).
7) My daily wave 3 target of $1.57 is still intact {261.5% extension of wave 1 } and it will most likely change to $2.30 {423.6% extension of wave 1 } as I start to see more and more formidable and powerful bullish internal waves structure being formed and clearly starting to take hold.
To conclude, I can state with a high degree of certainty that tomorrow we will see another more spectacular & breathtaking performance from Vivocom than today, heading towards $1.57 to $2.30.
Once again Happy Exciting Trading. May the FULL FORCE be with you all tomorrow.
Vivocom’s performance today was both spectacular & breathtaking. What a show, wow!
Here are the highlights:-
1) Cup and handler price breakout $1.10 right after afternoon session when market resumed with volume 15.4 million, was the trigger to traders/investors, that the healthy correction from last Friday has officially ended. Hence the power rally has begun with prices soaring convincingly with strength & conviction.
2) New support ZONE had been established & marked by bullish traders and investors alike at $1.15, any weakness toward this level would drive in massive investors/traders buying interest.
3) Immediate support level( VSA) now pegged at $1.17, would also invite aggressive traders buying interest.
4) New wave 3 was formed on 15 min chart right after price closed on Monday high at $1.09, now we have 5 consecutive bullish impulse Waves clearly constructed, which were lending confidence of 3/3/5/3/3, indicating that the next immediate target $1.57 will be reached soon (Picture 1).
6) The 15min chart has also displayed a very bullish Price volume correlation, the last 15 min closing candle showed substantial volume 12.8M buy-up from $1.14 to $1.20, this to me signalled that tomorrow Vivocom may have run away gap during opening(picture 2).
7) My daily wave 3 target of $1.57 is still intact {261.5% extension of wave 1 } and it will most likely change to $2.30 {423.6% extension of wave 1 } as I start to see more and more formidable and powerful bullish internal waves structure being formed and clearly starting to take hold.
To conclude, I can state with a high degree of certainty that tomorrow we will see another more spectacular & breathtaking performance from Vivocom than today, heading towards $1.57 to $2.30.
Once again Happy Exciting Trading. May the FULL FORCE be with you all tomorrow.
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
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KLSE Technical Analysis Jason Wong
Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
- 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
YouTube
KLSE Technical Analysis Jason Wong
Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.