Forwarded from 東方不敗
17 Nov 2020
Vivocom: lunchtime report
After the frenzy limit-up yesterday, traders took profit today which brought the share price down to as low as RM1.70.
Vivocom’s shares tested intraday low 2 times, before rebounding convincingly to RM1.81 from 9:40AM.
As I have repeatedly stressed, a company’s share price is a function of the underlying demand versus the available supply of its shares actively traded in the open market.
A reliable indicator to gauge the demand vs. supply of the company is the buy and sell rate.
Despite overall buy rate at 48.7% during the morning session, the sentiment for Vivocom’s shares actually turned positive from 9:40.
Of the 59.66M shares traded, 33.61M shares were traded before 9:40AM with buy rate at 42.1%
On the other hand, 26.05M shares were traded after 9:40AM with buy rate at 58.1%
This is a good sign as it indicates that the selling pressure from the morning had stabilised to a trickle after 9.40AM, which tells me loud and clear that traders do not think RM1.70 is the fair price for this company, hence, traders started to aggressively buy any shares available in sight at RM1.70/RM1.74 levels to ram the price back up to RM1.80 and beyond.
I expect such positive & bullish sentiments to continue in the afternoon session.
I foresee Vivocom’s share price closing at RM1.85 or higher today.
The rally which started 14 days ago, wow is it already longer than two weeks, has indeed demonstrated solidity and stability rarely seen in an ACE stock in KLSE.
In short, expect Vivocom’s uptrend to continue to soar to RM3.00 soon.
Vivocom: lunchtime report
After the frenzy limit-up yesterday, traders took profit today which brought the share price down to as low as RM1.70.
Vivocom’s shares tested intraday low 2 times, before rebounding convincingly to RM1.81 from 9:40AM.
As I have repeatedly stressed, a company’s share price is a function of the underlying demand versus the available supply of its shares actively traded in the open market.
A reliable indicator to gauge the demand vs. supply of the company is the buy and sell rate.
Despite overall buy rate at 48.7% during the morning session, the sentiment for Vivocom’s shares actually turned positive from 9:40.
Of the 59.66M shares traded, 33.61M shares were traded before 9:40AM with buy rate at 42.1%
On the other hand, 26.05M shares were traded after 9:40AM with buy rate at 58.1%
This is a good sign as it indicates that the selling pressure from the morning had stabilised to a trickle after 9.40AM, which tells me loud and clear that traders do not think RM1.70 is the fair price for this company, hence, traders started to aggressively buy any shares available in sight at RM1.70/RM1.74 levels to ram the price back up to RM1.80 and beyond.
I expect such positive & bullish sentiments to continue in the afternoon session.
I foresee Vivocom’s share price closing at RM1.85 or higher today.
The rally which started 14 days ago, wow is it already longer than two weeks, has indeed demonstrated solidity and stability rarely seen in an ACE stock in KLSE.
In short, expect Vivocom’s uptrend to continue to soar to RM3.00 soon.
Nov 17th : Market Report on Vivocom. Close $1.80 volume 71.67m.
Vivocom - Heavy profits taking prevailed almost the entire day will all selling well absorbed at $1.70/$1.74 levels & swiftly rebounded to $1.80/$1.87 levels, showing a rare resilience to close resolutely at $1.80.
Here are my technical analysis:-
1. Elliot Wave analysis (pic 1)
a. Wave 2 was shaped out during the afternoon trading session as we saw clearly wave abc formation emerged at market closing.
b. Very high chances wave 2 retracement (Abc) has ended and stop above $1.78 (61.8% of wave 1).
c. To confirm wave 2 (Abc) correction has ended, price would need to trade above $1.88, upon which this will propel Vivocom into an upswing bias whereby wave 3 will likely be triggered.
d. I am anticipating wave 3 impulse to conclusively take command once the price breaks $1.90, which is only a matter of when and not if.
e. Following which if the price crosses $1.95 with strength and conviction, this would serve to confirm that wave 5 had been triggered, whereby the target price for Wave 3/5/3 would be the bullish $2.32/2.45/$2.70 levels taking precedence in full force.
2. Commonality Analysis (picture 2)
a. My observations of the past 3 corrections showed a most assuring commonality - After each profit taking, I can see red candles coming out to show Vivocom’s Share Price trading side-ways and Volume Rate of change showing very healthy buy signals each time without fail confirming that bull rally will resume again with its uptrend still constructive and in tact.
b. I remain highly optimistic and eagerly look forward to Vivocom’s powerful bull rally resuming it sharp uptrend in next 1-3 trading sessions. My personal target price for Wave 3/5/3 remains $2.32/2.45/$2.70 and I look forward to these target prices being attained soon with conviction & strength.
Vivocom without a doubt an Emerging Super Bull!!!
Vivocom - Heavy profits taking prevailed almost the entire day will all selling well absorbed at $1.70/$1.74 levels & swiftly rebounded to $1.80/$1.87 levels, showing a rare resilience to close resolutely at $1.80.
Here are my technical analysis:-
1. Elliot Wave analysis (pic 1)
a. Wave 2 was shaped out during the afternoon trading session as we saw clearly wave abc formation emerged at market closing.
b. Very high chances wave 2 retracement (Abc) has ended and stop above $1.78 (61.8% of wave 1).
c. To confirm wave 2 (Abc) correction has ended, price would need to trade above $1.88, upon which this will propel Vivocom into an upswing bias whereby wave 3 will likely be triggered.
d. I am anticipating wave 3 impulse to conclusively take command once the price breaks $1.90, which is only a matter of when and not if.
e. Following which if the price crosses $1.95 with strength and conviction, this would serve to confirm that wave 5 had been triggered, whereby the target price for Wave 3/5/3 would be the bullish $2.32/2.45/$2.70 levels taking precedence in full force.
2. Commonality Analysis (picture 2)
a. My observations of the past 3 corrections showed a most assuring commonality - After each profit taking, I can see red candles coming out to show Vivocom’s Share Price trading side-ways and Volume Rate of change showing very healthy buy signals each time without fail confirming that bull rally will resume again with its uptrend still constructive and in tact.
b. I remain highly optimistic and eagerly look forward to Vivocom’s powerful bull rally resuming it sharp uptrend in next 1-3 trading sessions. My personal target price for Wave 3/5/3 remains $2.32/2.45/$2.70 and I look forward to these target prices being attained soon with conviction & strength.
Vivocom without a doubt an Emerging Super Bull!!!
Nov 18th :Morning Session Vivocom cosed $1.83 with volume of 23.1M.
Vivocom’s shares were most aggressively and robustly traded this morning, opening yet again two pips Gap Up at $1.82, and raced sharply to $1.88, before actively trading range bound between mostly $1.77 to $1.83.
Here are the highlights:
1) As I mentioned yesterday there would be enormous demand for Vivocom’s shares if the price levels at ($1.70-$1.74) were retested again. Sure enough this came true today.
2. Today’s 1st 30 min showed resilient &strong bullishness of investors and traders as they rushed in in droves to frantically snap up all selling at $ 1.73-1.75 levels.
3. The price rebounded almost instantly to $1.87, which proved that there exists massive demand & support for Vivocom’s shares at the $1.73-$1.75 price levels.
4)The selling is undoubtedly drying up as we could see in 15 minutes chart, with Price Volume Rate of change very healthily showing an exciting exaggerated bullish divergent.
5) This basically said that the bear assault is running out of steam & weakening! (pic 1)
6) My Commonality Analysis also showed that consolidation would continue with healthy Volume(pic 2) !
7) Elliot Waves & patterns of 3/5/3 formations of the past few sessions are pointing to a very high chance of the next big upswing resuming in near term with price targets $2.32/2.45/2.70 being attained sooner rather than later.
I can envisage a stronger n more formidable uptrend in the afternoon session.
Best wishes to all True Followers and Believers of Vivocom, the Surging Bull!
Vivocom’s shares were most aggressively and robustly traded this morning, opening yet again two pips Gap Up at $1.82, and raced sharply to $1.88, before actively trading range bound between mostly $1.77 to $1.83.
Here are the highlights:
1) As I mentioned yesterday there would be enormous demand for Vivocom’s shares if the price levels at ($1.70-$1.74) were retested again. Sure enough this came true today.
2. Today’s 1st 30 min showed resilient &strong bullishness of investors and traders as they rushed in in droves to frantically snap up all selling at $ 1.73-1.75 levels.
3. The price rebounded almost instantly to $1.87, which proved that there exists massive demand & support for Vivocom’s shares at the $1.73-$1.75 price levels.
4)The selling is undoubtedly drying up as we could see in 15 minutes chart, with Price Volume Rate of change very healthily showing an exciting exaggerated bullish divergent.
5) This basically said that the bear assault is running out of steam & weakening! (pic 1)
6) My Commonality Analysis also showed that consolidation would continue with healthy Volume(pic 2) !
7) Elliot Waves & patterns of 3/5/3 formations of the past few sessions are pointing to a very high chance of the next big upswing resuming in near term with price targets $2.32/2.45/2.70 being attained sooner rather than later.
I can envisage a stronger n more formidable uptrend in the afternoon session.
Best wishes to all True Followers and Believers of Vivocom, the Surging Bull!
Nov 18th : Market Report on Vivocom. Close $1.86 with volume 33.4m.
Even though it was a rather subdued trading day for Vivocom’s shares today, it did end the day with a rather solid and impressive closing towards the last 25 minutes, closing at RM1.86 with conviction.
I strongly believe the stage is being set for an all out Bull Attack Breakout tomorrow.
Here are my observations:-
1) Vivocom had been in consolidation mode for 3 trading sessions in a row, swinging within the price range from $1.73 to $1.88, which has been earmarked as 16 days AVT(15).
2) PVA is most constructive as the last 45 min trading frequency, price and volume actions had triggered my persistent algo buy signal !
3) Past history had shown that any stock meeting my algo buy signal criteria, 75% of the time it is a bullish sign that the share price will move up 1.0 -1.5x of 16 days AVT.
4) In other words, the Algo prediction is that Vivocom’s price will likely soar up to $2.02 to $2.10 the following trading day/s ( *base on best results).
5) In Chart pattern trading methodology( Picture 1)
a. Pennants formations have taken shape on 30 min chart, a strong & clear signal of continuation patterns, where a period of consolidation with lower volume, such as today last 60 min before market close, it is a prelude that a bullish breakout is imminent, as indicated by the formation with optimum volume.
b. The target projection after the breakout away from the resistance ceiling at $1.84 is :
1st TP:$1.84+$0.55= $2.39
(Immediate Flag Pole)
2nd TP:$1.84+1.07= $2.91.
(Extended Flag Pole)
6) In Elliot wave trading methodology (Picture 2)
a. 2 consecutive waves 3 had emerged and served to confirm right after break-away from $1.89 to end the consolidation phase and to resume the impulse wave rally.
b. With 4 consecutive waves pointing up, this will form extended wave 3/3/5/3 to target $2.20/$2.37/$2.45/$2.70.
Tomorrow is going to be an exhilarating day indeed for Vivocom with its Super Bull charge breaking away upwards sharply towards a higher price level at :-$2.02/2.10/2.20 or $2.45/2.70/2.91.
May the trading force and wings be with you to lift you higher into the sky and soar like a magnificent eagle would gracefully and with finesse.
Even though it was a rather subdued trading day for Vivocom’s shares today, it did end the day with a rather solid and impressive closing towards the last 25 minutes, closing at RM1.86 with conviction.
I strongly believe the stage is being set for an all out Bull Attack Breakout tomorrow.
Here are my observations:-
1) Vivocom had been in consolidation mode for 3 trading sessions in a row, swinging within the price range from $1.73 to $1.88, which has been earmarked as 16 days AVT(15).
2) PVA is most constructive as the last 45 min trading frequency, price and volume actions had triggered my persistent algo buy signal !
3) Past history had shown that any stock meeting my algo buy signal criteria, 75% of the time it is a bullish sign that the share price will move up 1.0 -1.5x of 16 days AVT.
4) In other words, the Algo prediction is that Vivocom’s price will likely soar up to $2.02 to $2.10 the following trading day/s ( *base on best results).
5) In Chart pattern trading methodology( Picture 1)
a. Pennants formations have taken shape on 30 min chart, a strong & clear signal of continuation patterns, where a period of consolidation with lower volume, such as today last 60 min before market close, it is a prelude that a bullish breakout is imminent, as indicated by the formation with optimum volume.
b. The target projection after the breakout away from the resistance ceiling at $1.84 is :
1st TP:$1.84+$0.55= $2.39
(Immediate Flag Pole)
2nd TP:$1.84+1.07= $2.91.
(Extended Flag Pole)
6) In Elliot wave trading methodology (Picture 2)
a. 2 consecutive waves 3 had emerged and served to confirm right after break-away from $1.89 to end the consolidation phase and to resume the impulse wave rally.
b. With 4 consecutive waves pointing up, this will form extended wave 3/3/5/3 to target $2.20/$2.37/$2.45/$2.70.
Tomorrow is going to be an exhilarating day indeed for Vivocom with its Super Bull charge breaking away upwards sharply towards a higher price level at :-$2.02/2.10/2.20 or $2.45/2.70/2.91.
May the trading force and wings be with you to lift you higher into the sky and soar like a magnificent eagle would gracefully and with finesse.
Nov 19th : Vivocom Morning Session closed $1.98?volume 60.6M
What a fabulous and strong, strong opening with 6 pips gap up!
It was then followed by an equally strong pull-back to close the gap and retested support at $1.87.
Price however sat at the support level briefly for less than 5 min, before swarms of bullish traders/investors rushed in to swoop up all the available sell Q from 1.87 to 2.01 in less than 15 min.
Such a robust & ferocious trading environment had nicely kick started an extremely bullish tempo by traders/investors and retailers alike,so much so they are now seeking more upside and higher return !
Here are the highlights of
The Chart Pattern Trading Methodology (Picture1) :
1. Pennants break out away ! This is a solid confirmation of a bullish and soaring uptrend continuity.
2. Price pull back to retest immediate support at $1.95 which offered opportunities for traders like me to acquire position to capitalise on the next uptrend expected to continue in the afternoon session.
3. Base on past history, in all likelihood, the price shall attain the full length of flat pole upon breakout, and when it does, Vivocom shall be heading towards $2.39 and $2.91 which would be handsome rewards for swing traders who collected at $1.95. Walao eh. Fuyooh..
EW Trading Methodology ( Picture 2)
1.We have 5 consecutive impulse wave developed right after it crossed 1.95 and touched 2.05 followed by optimum pull back which was a 50% of d retracement.
2.The 50% pull back was in fact so gorgeous a better wave structure wave 2 correction instead of 4 was triggered.
3.Now we are riding Wave 2/3/3/5/3 formation, and the moment Vivocom breaks and crosses $2.05 will be the confirmation of 5 consecutive impulsive wave up formation... Woah woah just imagine 5 turbo engines installed in your car. Even s Lambho or Ferrari cannot keep up leh.
4.The target price for wave 3/3/3/5/3 will range from $2.51 - $2.80.
I really can’t wait for 2.30pm when the afternoon session resumes. Give me more baby hit me one more time. No lar make it several times.
Vivocom, KLSE SuperBull Numero Uno!!!
What a fabulous and strong, strong opening with 6 pips gap up!
It was then followed by an equally strong pull-back to close the gap and retested support at $1.87.
Price however sat at the support level briefly for less than 5 min, before swarms of bullish traders/investors rushed in to swoop up all the available sell Q from 1.87 to 2.01 in less than 15 min.
Such a robust & ferocious trading environment had nicely kick started an extremely bullish tempo by traders/investors and retailers alike,so much so they are now seeking more upside and higher return !
Here are the highlights of
The Chart Pattern Trading Methodology (Picture1) :
1. Pennants break out away ! This is a solid confirmation of a bullish and soaring uptrend continuity.
2. Price pull back to retest immediate support at $1.95 which offered opportunities for traders like me to acquire position to capitalise on the next uptrend expected to continue in the afternoon session.
3. Base on past history, in all likelihood, the price shall attain the full length of flat pole upon breakout, and when it does, Vivocom shall be heading towards $2.39 and $2.91 which would be handsome rewards for swing traders who collected at $1.95. Walao eh. Fuyooh..
EW Trading Methodology ( Picture 2)
1.We have 5 consecutive impulse wave developed right after it crossed 1.95 and touched 2.05 followed by optimum pull back which was a 50% of d retracement.
2.The 50% pull back was in fact so gorgeous a better wave structure wave 2 correction instead of 4 was triggered.
3.Now we are riding Wave 2/3/3/5/3 formation, and the moment Vivocom breaks and crosses $2.05 will be the confirmation of 5 consecutive impulsive wave up formation... Woah woah just imagine 5 turbo engines installed in your car. Even s Lambho or Ferrari cannot keep up leh.
4.The target price for wave 3/3/3/5/3 will range from $2.51 - $2.80.
I really can’t wait for 2.30pm when the afternoon session resumes. Give me more baby hit me one more time. No lar make it several times.
Vivocom, KLSE SuperBull Numero Uno!!!
Nov 19th : Market Report on Vivocom. Close $1.92 volume 84.3m.
Despite the KLSE losing 21 points, Vivocom was still up by 6c with strong volumes
and a 51%, buy-up rate that exceeded selling by 2%.
$2.00 was indeed a tough nut to crack despite traders & investors attempts to break it in both sessions.
The $2.00/2.05 price levels were in fact penetrated a few times but each time the price retreated late in each of the trading sessions.
I anticipate that aggressive market players will continue to break the stubborn price levels in the coming few sessions in order to attempt to breach it, cross over it with determination & conviction before heading towards Elliott wave target of $2.51- $2.80.
I believe it is only a matter of time as the Technical Analysis below outlines :-
EW Trading Methodology ( Picture 1)
1. Wave ABC was formed right after price 2.00 was rejected in the afternoon session, the price reached fibo 61.5% retracement of wave 1 ($1.91)
2.The 61.8 % pull back was in fact a very common event and usually occurred in wave 2.
3. Now we are still riding Wave 2/3/3/5/3 formation, and moving towards a complex consolidation (sideway and tight range trading) on wave 2.
4. It is actually a brilliant formation to retest & break $2.00, once it crosses $2.05 it will serve to confirm n trigger the formation of 5 consecutive impulse wave up trend.
5. The target price for wave 3/3/3/5/3 will range from $2.51 - $2.80.
PVA Technical analysis( Picture 2)
1. Today daily candle closed in a doji, which is a sign of indecision … no idea market will go up or down ?
2. Price and Volume rate of change was healthy as we observed that Price and volume both increased simultaneously. Likewise when volume reduced when price declined, it served a solid indication that the underlying sentiment is still very bullish & constructive, with aggressive Bulls still very much dominating the Vivocom trading landscape.
I foresee more sideway toward upward bias in the next few trading sessions with Elliot wave target and Pennants breakout target still intact.
Going forward, Vivocom will eventually break the price levels at $2.00/2.05 with ease n stay above it consistent next week.
Market psychology does take time to steady itself because there are still suspicion out there that Vivocom is a Pump & Dump play, which it most categorically is not.
Vivocom is a genuine and sustainable SuperBull Rally and time will prove that soon.
Despite the KLSE losing 21 points, Vivocom was still up by 6c with strong volumes
and a 51%, buy-up rate that exceeded selling by 2%.
$2.00 was indeed a tough nut to crack despite traders & investors attempts to break it in both sessions.
The $2.00/2.05 price levels were in fact penetrated a few times but each time the price retreated late in each of the trading sessions.
I anticipate that aggressive market players will continue to break the stubborn price levels in the coming few sessions in order to attempt to breach it, cross over it with determination & conviction before heading towards Elliott wave target of $2.51- $2.80.
I believe it is only a matter of time as the Technical Analysis below outlines :-
EW Trading Methodology ( Picture 1)
1. Wave ABC was formed right after price 2.00 was rejected in the afternoon session, the price reached fibo 61.5% retracement of wave 1 ($1.91)
2.The 61.8 % pull back was in fact a very common event and usually occurred in wave 2.
3. Now we are still riding Wave 2/3/3/5/3 formation, and moving towards a complex consolidation (sideway and tight range trading) on wave 2.
4. It is actually a brilliant formation to retest & break $2.00, once it crosses $2.05 it will serve to confirm n trigger the formation of 5 consecutive impulse wave up trend.
5. The target price for wave 3/3/3/5/3 will range from $2.51 - $2.80.
PVA Technical analysis( Picture 2)
1. Today daily candle closed in a doji, which is a sign of indecision … no idea market will go up or down ?
2. Price and Volume rate of change was healthy as we observed that Price and volume both increased simultaneously. Likewise when volume reduced when price declined, it served a solid indication that the underlying sentiment is still very bullish & constructive, with aggressive Bulls still very much dominating the Vivocom trading landscape.
I foresee more sideway toward upward bias in the next few trading sessions with Elliot wave target and Pennants breakout target still intact.
Going forward, Vivocom will eventually break the price levels at $2.00/2.05 with ease n stay above it consistent next week.
Market psychology does take time to steady itself because there are still suspicion out there that Vivocom is a Pump & Dump play, which it most categorically is not.
Vivocom is a genuine and sustainable SuperBull Rally and time will prove that soon.