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.
Nov 20th : Vivocom Morning Session closed $1.78 with volume 36.5m.
After 3 weeks super bull rally, it’s normal to see heavy profits taking by short term market players.
This has slowed the rally down somewhat but essentially it’s a very healthy retracement as the uptrend is still solidly in tact and the Bulls are still in overwhelming command.
Below are my Technical analysis that Vivocom will likely enter a correction phase before staging an even stronger and more powerful rebound.
1. EW Trading Methodology ( Picture 1)
A) Extended wave 5 no longer valid as the price move down to break $1.80, resulting in Elliot wave directional change,
B) Vivocom has entered back in to wave 4 correction (bigger) and, the wave 4 target is $1.78 and $1.62, which is 23.6% and 38.2% of wave 3 respectively.
C) I am monitoring a new wave structure emerging, a typical case is we should have internal wave ABC correction taking shape but not fully confirmed yet.
D) We are in now Wave 4 of 3 development, which means that the overall longer term big trend is still bullish and medium trend is currently in correction.
E) The wave 5 of 3 will resume right after it crosses $2.05 based on current price structure, and the target for wave 3/5 is $2.40/$2.70.
2. Candle stick trading methodology ( Picture2 ).
A.Yesterday forming doji star which is indecision and the direction will give clear direction by today candle, if today candle close big red and this is an indication of the bull slowing down and entering a most healthy correction phase setting the stage for next sharper n more convincing n massive bull rally.
B.After the correction is over, I believe Vivocom will resume next bull rally to cross $2.00 with conviction and determination before storming upwards onto much higher price levels.
C) I will monitor the present correction phase and will keep my readers posted.
Steady your nerves guys as Vivocom The Surging SuperBull is still very much alive and fearless. Prepping itself for a more aggressive spurt up North sooner than you know.
After 3 weeks super bull rally, it’s normal to see heavy profits taking by short term market players.
This has slowed the rally down somewhat but essentially it’s a very healthy retracement as the uptrend is still solidly in tact and the Bulls are still in overwhelming command.
Below are my Technical analysis that Vivocom will likely enter a correction phase before staging an even stronger and more powerful rebound.
1. EW Trading Methodology ( Picture 1)
A) Extended wave 5 no longer valid as the price move down to break $1.80, resulting in Elliot wave directional change,
B) Vivocom has entered back in to wave 4 correction (bigger) and, the wave 4 target is $1.78 and $1.62, which is 23.6% and 38.2% of wave 3 respectively.
C) I am monitoring a new wave structure emerging, a typical case is we should have internal wave ABC correction taking shape but not fully confirmed yet.
D) We are in now Wave 4 of 3 development, which means that the overall longer term big trend is still bullish and medium trend is currently in correction.
E) The wave 5 of 3 will resume right after it crosses $2.05 based on current price structure, and the target for wave 3/5 is $2.40/$2.70.
2. Candle stick trading methodology ( Picture2 ).
A.Yesterday forming doji star which is indecision and the direction will give clear direction by today candle, if today candle close big red and this is an indication of the bull slowing down and entering a most healthy correction phase setting the stage for next sharper n more convincing n massive bull rally.
B.After the correction is over, I believe Vivocom will resume next bull rally to cross $2.00 with conviction and determination before storming upwards onto much higher price levels.
C) I will monitor the present correction phase and will keep my readers posted.
Steady your nerves guys as Vivocom The Surging SuperBull is still very much alive and fearless. Prepping itself for a more aggressive spurt up North sooner than you know.
Nov 20th : Market Report on Vivocom. Close $1.74 with volume 68.24m.
1) It has now been exactly 3 weeks that Vivocom’s Rally had run. The Uptrend embarked on a very bullish surge up North with no sign of slowing down until its price was met with stubborn resistance at $2.00, with a dogged technical correction on Friday.
Let us read the Technicals & assess together what will be the most likely scenario that will happen next week.
2) EW Trading Methodology
a. Price go in to wave 4 correction zone ( $1.78-$1.62) and forming ABC wave structure, at the same time I observed an alternate wave count appearing with a weak wave 5 .
b. Both wave structures showed a high possibility occurring and validated if price hold above Friday low of RM1.69.
c. My personal view is that the support zone at $1.68- $1.74. price levels will draw in and attract tremendous buying activities, with internal wave structure of support emerging at these levels.
d. I am anticipating a rather complex wave 4 structure developing because the wave 2 correction has been straightforward so far.
e. I am also anticipating extended wave 5 structure to develop, which should occur as we have seen solid wave 1 & strong wave 3 rally for the past 3 weeks.
3.ATR and Beta Value
a. Vivocom Average true range(ATR) is 16 pips with a beta value 4.6. These two indicators basically measure a stock volatility against the KLSE average within a 10%(Risk/Reward) expectation.
It is saying that Vivocom trading range is about 4.6 time higher and more volatile than average KLSE stocks.
b. A stock with low ATR is equal to low opportunity whereas Vivocom’s 16 pips volatility is both healthy and conducive to robust trading which day traders, PDTs, IVTs, Algor players n punters love and adore. It means they can enter n exit with a 16 pips trading range within the same day n make handsome profits each time.
c. I expected Friday’s close to actually be at 1.83/1.85 price level. However due to day traders who collected at 1.70 n taking profits exiting, the closing price finally settled at 1.74.
Therein lies the strength n resilience of Vivocom’s shares, that it can withstand such heavy profits taking onslaught and still rebound to the 1.82/1.85 price levels.
This is a very critical n bullish point as the selling on Friday was not based on weakness, sell to cut loss kind of scenario. It was selling based on strength, exit with profits n renter again based on its high 16 pips ATR.
Based on this observation n backed by my 25 years experience, I remain super bullish on Vivocom resuming its strong rally for next week with both a tenacious n formidable rebound to breach the stubborn hurdle at $2.00 n to head towards 2.15/2.45 by end of next week or the week after.
The Bulls are still dominant in Vivocom with its uptrend intact and solidly constructive. Should weakness presents itself I am will buy at the support level
Go Vivocom go, KLSE SuperBull is still strong n raring to charge up.
1) It has now been exactly 3 weeks that Vivocom’s Rally had run. The Uptrend embarked on a very bullish surge up North with no sign of slowing down until its price was met with stubborn resistance at $2.00, with a dogged technical correction on Friday.
Let us read the Technicals & assess together what will be the most likely scenario that will happen next week.
2) EW Trading Methodology
a. Price go in to wave 4 correction zone ( $1.78-$1.62) and forming ABC wave structure, at the same time I observed an alternate wave count appearing with a weak wave 5 .
b. Both wave structures showed a high possibility occurring and validated if price hold above Friday low of RM1.69.
c. My personal view is that the support zone at $1.68- $1.74. price levels will draw in and attract tremendous buying activities, with internal wave structure of support emerging at these levels.
d. I am anticipating a rather complex wave 4 structure developing because the wave 2 correction has been straightforward so far.
e. I am also anticipating extended wave 5 structure to develop, which should occur as we have seen solid wave 1 & strong wave 3 rally for the past 3 weeks.
3.ATR and Beta Value
a. Vivocom Average true range(ATR) is 16 pips with a beta value 4.6. These two indicators basically measure a stock volatility against the KLSE average within a 10%(Risk/Reward) expectation.
It is saying that Vivocom trading range is about 4.6 time higher and more volatile than average KLSE stocks.
b. A stock with low ATR is equal to low opportunity whereas Vivocom’s 16 pips volatility is both healthy and conducive to robust trading which day traders, PDTs, IVTs, Algor players n punters love and adore. It means they can enter n exit with a 16 pips trading range within the same day n make handsome profits each time.
c. I expected Friday’s close to actually be at 1.83/1.85 price level. However due to day traders who collected at 1.70 n taking profits exiting, the closing price finally settled at 1.74.
Therein lies the strength n resilience of Vivocom’s shares, that it can withstand such heavy profits taking onslaught and still rebound to the 1.82/1.85 price levels.
This is a very critical n bullish point as the selling on Friday was not based on weakness, sell to cut loss kind of scenario. It was selling based on strength, exit with profits n renter again based on its high 16 pips ATR.
Based on this observation n backed by my 25 years experience, I remain super bullish on Vivocom resuming its strong rally for next week with both a tenacious n formidable rebound to breach the stubborn hurdle at $2.00 n to head towards 2.15/2.45 by end of next week or the week after.
The Bulls are still dominant in Vivocom with its uptrend intact and solidly constructive. Should weakness presents itself I am will buy at the support level
Go Vivocom go, KLSE SuperBull is still strong n raring to charge up.