KLSE Technical Analysis
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.
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Nov 20th : Market Report on Vivocom. Close $1.74 with volume 68.24m.
Created by mwong3 | Nov 21, 2020
Nov 18th : Market Report on Vivocom. Close $1.86 with volume 33.4m.
Created by mwong3 | Nov 18, 2020
Nov 18th :Morning Session Vivocom cosed $1.83 with volume of 23.1M.
Created by mwong3 | Nov 18, 2020
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