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
Nov 16th : Vivocom Morning Session closed $1.74 volume 54.4m
What an exciting and rousing morning sessions it was indeed. Vivocom most definitely did not disappoint.
Here are the highlights of a most mesmerising run in KLSE for a long time to come indeed :-
1) 3 pips gap up and ran away from last Friday close, 10.8 million transacted within the first 15 mins of trading. A dominant and surging bullish white candle formation clearly emerged.
2)15 min chart showed the break away fr $1.55/1.60, two key resistance levels appeared, a mild retest support at $1.60. But aggressive traders/investor stormed in setting a new base at 1.60 with a ferocious rebound.
3) Within the next 5 min the price raced away fr $1.60,
with Wave 3 decisively taking control right after the share price crossed $1.60.
4) This sent out very strong indications that the Rally would run away and sharply upwards in no time upon which an army of aggressive and savvy traders/investors all rushed in frantically and committed big $ and looking for more upside.
5) This drove Vivocom’s shares heading to wave 3 target $1.93( 261.8% of wave 1 extension).
6) We are currently at wave 3/5/3/3 and the next wave uptrend target will be at $1.93/$2.05/$2.10/$2.45( pic 1).
7) In Chart pattern trading methodology, I see a flag pole formation forming at 1 hrs chart. I am monitoring the set up as traders will buy/scale in right after break away from $1.76, target for the flag pole formation will be $1.75+$0.26 = $2.01(pic2).
For the afternoon session I’m supremely confident that the uptrend shall continue to soar above RM1.75.
Bear in mind that this Vivocom’s SuperBull run is just beginning.
The BEST is yet to come. In due time, even RM2.00 shall be considered a bargain n bottom fishing.
Happy Hunting Guys. Vivocom will bring smiles and happiness to all who have staying power!!!
What an exciting and rousing morning sessions it was indeed. Vivocom most definitely did not disappoint.
Here are the highlights of a most mesmerising run in KLSE for a long time to come indeed :-
1) 3 pips gap up and ran away from last Friday close, 10.8 million transacted within the first 15 mins of trading. A dominant and surging bullish white candle formation clearly emerged.
2)15 min chart showed the break away fr $1.55/1.60, two key resistance levels appeared, a mild retest support at $1.60. But aggressive traders/investor stormed in setting a new base at 1.60 with a ferocious rebound.
3) Within the next 5 min the price raced away fr $1.60,
with Wave 3 decisively taking control right after the share price crossed $1.60.
4) This sent out very strong indications that the Rally would run away and sharply upwards in no time upon which an army of aggressive and savvy traders/investors all rushed in frantically and committed big $ and looking for more upside.
5) This drove Vivocom’s shares heading to wave 3 target $1.93( 261.8% of wave 1 extension).
6) We are currently at wave 3/5/3/3 and the next wave uptrend target will be at $1.93/$2.05/$2.10/$2.45( pic 1).
7) In Chart pattern trading methodology, I see a flag pole formation forming at 1 hrs chart. I am monitoring the set up as traders will buy/scale in right after break away from $1.76, target for the flag pole formation will be $1.75+$0.26 = $2.01(pic2).
For the afternoon session I’m supremely confident that the uptrend shall continue to soar above RM1.75.
Bear in mind that this Vivocom’s SuperBull run is just beginning.
The BEST is yet to come. In due time, even RM2.00 shall be considered a bargain n bottom fishing.
Happy Hunting Guys. Vivocom will bring smiles and happiness to all who have staying power!!!
Nov 16th : Market Report on Vivocom. Close $1.95 volume 110.64m.
Vivocom’s first Limit Up, to RM1.95 today, breathtaking and spectacular was it not. Yet unlike many other limit ups, Vivocom’s was stable, sure-footed, gradual, and steadfast. Most definitively a step by step ascension to the peak calmly and surely.
Here are the highlights of today’s stellar performance-
1) I’m anticipating that VIVOCOM will have another few days to weeks of continuous bull rally, based on my past 20 years experience in the trading & investment industry.
2) I have witnessed n seen numerous super bull rally of other financial instruments with similar characteristics.
3) 15 Min chart(pic 1), 15 min chart on last 11 days demonstrated very bullish and healthy uptrend, it is clear to the naked eyes that whenever Vivocom’s share price rised higher & higher to break resistance, massive volumes exchanged hands.
4) During consolidation and making a higher low, the Price and Volume ROC also exhibited healthy correction characteristics.
5) Trend line angle uplifted, when ever price pulled back or correction, traders and investors galore would rushed in without hesitation with aggressive follow through buying. Each time bullishness would increase with more conviction and resilience.
6) Daily chart Pattern (pic 2)
has vividly formed to confirm that Vivocom’s uptrend most certainly replicate the famous Livermore’s chart pattern characteristic, as we can see the price break away from $0.90 on 5th/Nov/2020 (accumulation cylinder with widening mouth) , base on the JLM’s price target projection is minimum of two fold of the cylinder high, which is $0.90( cylinder) + $1.80(2x of cylinder higher) = $2.70.
7) The price projection of consecutive targets as we can see in other security such as Amazon increased 4 folds in ( $400 to $2000).
8) The Candle stick Pattern (pic 3) formed today was the Marobozu close candle, which indicates that the following day ie 17th Nov or tomorrow the bullish Rally will have continue & follow through without a doubt.
9)Weekly chart show it forming 3 white solders which is a very bullish signal
Based on this I’m confident to predict that tomorrow will be another powerful uptrend for Vivocom, possibly breaking RM2.45 to Rm2.70 Target Price.
In short, it is my belief that this Vivocom’s price surge momentum is unstoppable simply because it is most sustainable.
Jump on the Bandwagon and Enjoy the Rally again tomorrow guys.
Vivocom’s first Limit Up, to RM1.95 today, breathtaking and spectacular was it not. Yet unlike many other limit ups, Vivocom’s was stable, sure-footed, gradual, and steadfast. Most definitively a step by step ascension to the peak calmly and surely.
Here are the highlights of today’s stellar performance-
1) I’m anticipating that VIVOCOM will have another few days to weeks of continuous bull rally, based on my past 20 years experience in the trading & investment industry.
2) I have witnessed n seen numerous super bull rally of other financial instruments with similar characteristics.
3) 15 Min chart(pic 1), 15 min chart on last 11 days demonstrated very bullish and healthy uptrend, it is clear to the naked eyes that whenever Vivocom’s share price rised higher & higher to break resistance, massive volumes exchanged hands.
4) During consolidation and making a higher low, the Price and Volume ROC also exhibited healthy correction characteristics.
5) Trend line angle uplifted, when ever price pulled back or correction, traders and investors galore would rushed in without hesitation with aggressive follow through buying. Each time bullishness would increase with more conviction and resilience.
6) Daily chart Pattern (pic 2)
has vividly formed to confirm that Vivocom’s uptrend most certainly replicate the famous Livermore’s chart pattern characteristic, as we can see the price break away from $0.90 on 5th/Nov/2020 (accumulation cylinder with widening mouth) , base on the JLM’s price target projection is minimum of two fold of the cylinder high, which is $0.90( cylinder) + $1.80(2x of cylinder higher) = $2.70.
7) The price projection of consecutive targets as we can see in other security such as Amazon increased 4 folds in ( $400 to $2000).
8) The Candle stick Pattern (pic 3) formed today was the Marobozu close candle, which indicates that the following day ie 17th Nov or tomorrow the bullish Rally will have continue & follow through without a doubt.
9)Weekly chart show it forming 3 white solders which is a very bullish signal
Based on this I’m confident to predict that tomorrow will be another powerful uptrend for Vivocom, possibly breaking RM2.45 to Rm2.70 Target Price.
In short, it is my belief that this Vivocom’s price surge momentum is unstoppable simply because it is most sustainable.
Jump on the Bandwagon and Enjoy the Rally again tomorrow guys.