Julius Caesar

Vivocom's Recent Steady and Stable Ascent

Julius Caesar
Publish date: Sat, 06 Feb 2021, 07:23 PM
Julius Caesar
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Vivocom (0069)
Feb 5 
Price RM1.01 Vol 29.31M.
 
VV gained 5c (+5.21%) to RM1.01 from last week’s close at 96c. 
 
Trading activities were robust ranging from a low of 82.5c to a peak at RM1.05, with a total 130M shares done for the wk.
 
Going forward Vivocom is expected to be in consolidation mode with an upward bias. The week just past showing signs of an imminent rally around the corner.
 
The past week’s lowest (97c) is higher than last week’s close (96c). This week’s high (1.05) is also higher than last week’s high (1.04). It’s forming a higher high n high low pattern, a healthy signal.
 
Promising & stable uptrend 
 
Weekly buy rate remains strong at 51.2% with weekly money flow at positive RM9.32M. 
 
A picture is worth a thousand words - looking at Vivocom's weekly chart, you can see its strong recovery from its bottom in Nov with the upwing very much in intact and continuing its surge.
 
 
In fact Vivocom is well on its way to completing the ‘head’ in the well known “head and shoulder” formation chart pattern.
 
As Vivocom's previous high in Nov 2020 was at RM2.05, the head in the current “head&shoulder” formation should reach RM3.00 based on the historical precedence and the bullish nature of the present surge.
 
It should be pointed out that Vivocom's present rally is rather different from its Nov 2020 rampage. 
 
Then Vivocom was the young and energetic aggressor. Its share price exploded from RM0.45 to RM2.05 in a meteoric and spectacular fashion.
 
Too aggressive and wild, in fact as its shares fell & plummeted in equally stunning fashion. 
 
The present Vivocom looks more stable, poised and matured, appeared to have learned from its mistakes, regroup and reinvigorated, stronger and wiser, patiently bidding its time for the perfect timing to strike or makes its next super bull surge counts where n when it will make all the difference. 
 
TIMING IS EVERYTHING in the stock market as they say.
 
With the present VV, the share price has been on a gradual steady, steadfast and stable uptrend for the past two months without the wild swings of the November’s rally.
 
The present Feb’s rally looks sustainable and confident of breaching new highs. Buyers have persistently exceeded and outnumbered sellers. 
 
VV’s current euphoria is best summed by several savvy and experienced big traders who stated, “VV’s chart looks good, everything looks strong. Shouldn’t be a problem over the medium term to hit RM1.50 - RM1.68 range”
VINVEST (0069)
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Be the first to like this. Showing 3 of 3 comments

sensonic

Post removed.Why?

2021-02-07 11:08

BlackDevil99

Today drop 10%, still excited about CNY rally?

2021-02-08 20:22

kalteh

Whoever still buy this stock after past repeated pump and dump really deserved to be slaughter.

2021-02-08 22:26

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