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
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.
- 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.
Nov 11st : Morning Session Vivocom closed $1.41 with conviction & volume 88M.
What a stupefying n yet stupendous performance with a 22c or 18% increase in share price from $1.19.
Here are the highlights for the session:-
1) Strong bullish opening this morning on 15 min candle , 13.7 million share traded, this indicates heavy and massive traders and investors bullishness on Vivocom.
2) 15 min chart clearly displayed a very healthy uptrend pattern with PVA confirming that the very BULLISH momentum will relentlessly continue for the next several trading sessions (picture 1).
3) 5 min chart forming triple Zig zag, which is WXYXZ, each ABC retracement to be between 23.6% to 50%, this is a strong indication that bullish traders/investors are preparing to scale in on Vivocom or collect position whenever a pull back occurs during the rally.
Based on the above charts displaying very positive and strong signals, I confident my daily wave 3 target of $1.57 will reach in very near term {261.5% extension of wave 1 } and I raise my Wave 3 target 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.
Vivocom is a screaming buy undoubtedly!!!
Happy Trading as Happy Days are ahead for the true believers of Vivocom who are now its loyal followers and shareholders.
What a stupefying n yet stupendous performance with a 22c or 18% increase in share price from $1.19.
Here are the highlights for the session:-
1) Strong bullish opening this morning on 15 min candle , 13.7 million share traded, this indicates heavy and massive traders and investors bullishness on Vivocom.
2) 15 min chart clearly displayed a very healthy uptrend pattern with PVA confirming that the very BULLISH momentum will relentlessly continue for the next several trading sessions (picture 1).
3) 5 min chart forming triple Zig zag, which is WXYXZ, each ABC retracement to be between 23.6% to 50%, this is a strong indication that bullish traders/investors are preparing to scale in on Vivocom or collect position whenever a pull back occurs during the rally.
Based on the above charts displaying very positive and strong signals, I confident my daily wave 3 target of $1.57 will reach in very near term {261.5% extension of wave 1 } and I raise my Wave 3 target 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.
Vivocom is a screaming buy undoubtedly!!!
Happy Trading as Happy Days are ahead for the true believers of Vivocom who are now its loyal followers and shareholders.
Nov 11th : Market Report on Vivocom. Close $1.39 volume 112.3 m
Powerful and convincing close from morning session at $1.19 to $1.39, up 20c in one session alone, it augurs very well for tomorrow’s outlook.
I am anticipating that Vivocom will continue several days or weeks of bull rally.
My conclusion is based on technical justification outlined below :-
1) Today Price & Volume rate of change is 16.8% & 73.7% respectively, a very bullish and strong indication that tomorrow will have another day of powerful rally with white candle and the return should above 10%.
2) Elliot wave chart pattern wave 3/3/3 with target of $1.57/$2.18/$2.30.
3) Pennants formations have taken shape on 15 min chart(picture 1), a strong & clear signal of continuation patterns, where a period of consolidation with lower volume shall persist. I am anticipating there will be breakouts occuring with much higher volume.
4)The target projection after breakout away from resistance($1.45) is $1.45+$0.40 = $1.85 (Picture 2)
In closing, I’m confident Vivocom will continue to outperform and soar with determination and persistence in the next several trading sessions to reach its high steadily yet without a doubt surely all the way from the current $1.39 to $1.45/$1.85 to $1.57/$2.18/$2.30.
The outlook for Vivocom is indeed rosy. Happy Trading.
Powerful and convincing close from morning session at $1.19 to $1.39, up 20c in one session alone, it augurs very well for tomorrow’s outlook.
I am anticipating that Vivocom will continue several days or weeks of bull rally.
My conclusion is based on technical justification outlined below :-
1) Today Price & Volume rate of change is 16.8% & 73.7% respectively, a very bullish and strong indication that tomorrow will have another day of powerful rally with white candle and the return should above 10%.
2) Elliot wave chart pattern wave 3/3/3 with target of $1.57/$2.18/$2.30.
3) Pennants formations have taken shape on 15 min chart(picture 1), a strong & clear signal of continuation patterns, where a period of consolidation with lower volume shall persist. I am anticipating there will be breakouts occuring with much higher volume.
4)The target projection after breakout away from resistance($1.45) is $1.45+$0.40 = $1.85 (Picture 2)
In closing, I’m confident Vivocom will continue to outperform and soar with determination and persistence in the next several trading sessions to reach its high steadily yet without a doubt surely all the way from the current $1.39 to $1.45/$1.85 to $1.57/$2.18/$2.30.
The outlook for Vivocom is indeed rosy. Happy Trading.