Nov 13rd : Vivocom Morning Session closed $1.47 volume 47.4 m
Not surprisingly after 4 straight days of spectacular advances to a high of RM1.55c at yesterday’s close, heavy profit taking activities prevailed and dominated the morning session by weak holderrs and contra traders (BTST strategy) alike, as was clearly captured on 1st 15 min candle.
After which a correction wave structure ABC surfaced to take over and was firmly in control till the market morning session ended.
It can be reasonably put forth that d ABC correction wave was not only short lived but over based on the technical justifications as outlined below :-
1) Wave C showed bullish divergent, it is very commonly used by traders to make judgment that the bear strength is weak.
2) Support zone 1.40-1.45 had been validated 3 times, I observed so much so that whenever prices reached this zone, traders/investors would rush in to snap up whatever was selling, tremendous follow-through buying only seen in a Super Bull stock.
3) the morning session’s PVA showed strong evidence of a reversal candle formation, healthy ROC and sturdy hammer formation at support zone.
I can confidently state that the consolidation sideway activities have prevailed and they will form new impulsive/extended wave 3 structure and an imminent bullish rally will resume again, in all likelihood over next couple of trading sessions.
The morning was indeed a nervy session for weak holders and inexperienced traders. Fear not however as the bears were weak and lacked oomph. The BULLS are still strongly in full command.
I have also been told that many Gurus, savvy traders and heavyweights investors are closely monitoring Vivocom closely cos they are attracted to the strength and power of this super Bull which looks unstoppable despite being slammed down several times.
An Emerging Charging Bull Darling Stock in the Making, that is VIVOCOM 0069.
Not surprisingly after 4 straight days of spectacular advances to a high of RM1.55c at yesterday’s close, heavy profit taking activities prevailed and dominated the morning session by weak holderrs and contra traders (BTST strategy) alike, as was clearly captured on 1st 15 min candle.
After which a correction wave structure ABC surfaced to take over and was firmly in control till the market morning session ended.
It can be reasonably put forth that d ABC correction wave was not only short lived but over based on the technical justifications as outlined below :-
1) Wave C showed bullish divergent, it is very commonly used by traders to make judgment that the bear strength is weak.
2) Support zone 1.40-1.45 had been validated 3 times, I observed so much so that whenever prices reached this zone, traders/investors would rush in to snap up whatever was selling, tremendous follow-through buying only seen in a Super Bull stock.
3) the morning session’s PVA showed strong evidence of a reversal candle formation, healthy ROC and sturdy hammer formation at support zone.
I can confidently state that the consolidation sideway activities have prevailed and they will form new impulsive/extended wave 3 structure and an imminent bullish rally will resume again, in all likelihood over next couple of trading sessions.
The morning was indeed a nervy session for weak holders and inexperienced traders. Fear not however as the bears were weak and lacked oomph. The BULLS are still strongly in full command.
I have also been told that many Gurus, savvy traders and heavyweights investors are closely monitoring Vivocom closely cos they are attracted to the strength and power of this super Bull which looks unstoppable despite being slammed down several times.
An Emerging Charging Bull Darling Stock in the Making, that is VIVOCOM 0069.
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 13rd: Market Report on Vivocom. Close $1.50 volume 68.78m.
After 3 days of solid uptrend and advances, the bullish RALLY of Vivocom shares entered into a consolidation phase yesterday.
I must admit I was quietly happy to see it because it is necessary to have a pause n rest before the Bull can continue its ascent again and drive Vivocom’s share price stronger onto another new n much higher level.
For many traders/investors like me will have many questions.
They are :-
1) when will the correction be over ?
2) how to spot next upswing correctly n timely
3)how far more can the share price go up ?
My answers are outlined and explained below with technical justification.
I’m proud to share that my average accuracy for all my past analysis on other stocks I tracked is above 70% successful rate.
However I must say that my accuracy with Vivocom so far for the past 10 days have been above 90%.I’m most proud of my Vivocom’s Technical Analysis.
1st answer , the moment prices go beyond wave b with healthy ROC in 15 min candle, it was a clear indication that the bears have been taken down by the bulls, which I have then concluded the correction is finally over(Picture 1).
2nd answer, I anticipated a small pull back right after price went above wave b, the pull back price level I identified was at $1.48-$1.51 levels where market players rushed in to buy (bull attack ! ) without hesitation. I was correct in picking this golden oppt(good timing) as evidence of traders and investors alike willing commit $ into Vivocom (Picture 1).
3rd answer based on the wave 3/5/3/3 formation, my price projection for next wk is $1.74/$1.93/$2.05/$2.45 (Picture 2).
In short, I can foresee that Vivocom’s price will rise sharply and aggressively right after it breaks above $1.55 after which it will go up again. The new Target Price projection is $1.74/$1.93/$2.05/$2.45 (Wave 3/5/3/3)
Finally in closing, Vivocom is entering a new and exciting phase of scaling new heights to above RM2.50 and RM3.00 levels if the KLSE breaks the1,620 index, hence charting an exuberant underlying market sentiment which add as the catalyst for Vivocom’s charge upwards.
After 3 days of solid uptrend and advances, the bullish RALLY of Vivocom shares entered into a consolidation phase yesterday.
I must admit I was quietly happy to see it because it is necessary to have a pause n rest before the Bull can continue its ascent again and drive Vivocom’s share price stronger onto another new n much higher level.
For many traders/investors like me will have many questions.
They are :-
1) when will the correction be over ?
2) how to spot next upswing correctly n timely
3)how far more can the share price go up ?
My answers are outlined and explained below with technical justification.
I’m proud to share that my average accuracy for all my past analysis on other stocks I tracked is above 70% successful rate.
However I must say that my accuracy with Vivocom so far for the past 10 days have been above 90%.I’m most proud of my Vivocom’s Technical Analysis.
1st answer , the moment prices go beyond wave b with healthy ROC in 15 min candle, it was a clear indication that the bears have been taken down by the bulls, which I have then concluded the correction is finally over(Picture 1).
2nd answer, I anticipated a small pull back right after price went above wave b, the pull back price level I identified was at $1.48-$1.51 levels where market players rushed in to buy (bull attack ! ) without hesitation. I was correct in picking this golden oppt(good timing) as evidence of traders and investors alike willing commit $ into Vivocom (Picture 1).
3rd answer based on the wave 3/5/3/3 formation, my price projection for next wk is $1.74/$1.93/$2.05/$2.45 (Picture 2).
In short, I can foresee that Vivocom’s price will rise sharply and aggressively right after it breaks above $1.55 after which it will go up again. The new Target Price projection is $1.74/$1.93/$2.05/$2.45 (Wave 3/5/3/3)
Finally in closing, Vivocom is entering a new and exciting phase of scaling new heights to above RM2.50 and RM3.00 levels if the KLSE breaks the1,620 index, hence charting an exuberant underlying market sentiment which add as the catalyst for Vivocom’s charge upwards.
Vivocom: I think Monday will have bullish buyer come in $ 1.49-1.53 . I will add more at this level as I foresee by this month end should cross $2.00
Elliot Wave Technical Analysis
https://www.kwongwah.com.my/20201114/vivocom%e4%b8%8b%e5%91%a8%e6%88%96%e7%bb%ad%e9%a3%99%e5%8d%87-%e5%ae%8c%e6%88%90%e4%b8%89%e7%99%bd%e5%85%b5%e7%83%9b%e5%8f%b0/
Weekly chart forming 3 white solder on vivocom target price as above