Dear readers,

I hope that you enjoyed a fantastic Santa Claus rally up to date. Today, I would like to provide you with the updates on VIZIONE.

Some of the guys in the forum had been looking down on this counter, and to me, honestly it has merits more than demerits. Why? Simple, when do you think the "operators" would collect more shares of a company? It's when the share price down, but not up!

If you were to observe the trend of VIZIONE, yes, when we talk about mid term, it would be a downtrend. However, do notice that a recent breakout from the huge plummet of share price, and the company's share price is now firmly standing above 38.0 cents of support.

Factoring in the volume play of the company, VIZIONE had seen a consolidation pattern with reduced volume in play. This, is a sign that the company would burst up in share price soon! 

From my friend who is an expert in macro economics, and also ex-analyst, he mentioned that the rally of the steel price was mainly caused by spiked demand in the upcoming infra projects, as well as logistic issue globally, and the issue would persists for quite a long time. So, fundamental based investor will soon come to collect VIZIONE, and that would be the time for us to reap our profit!

Again, I had shared the support / resistance level in my previous post and I stand with my view.

You may not choose to buy it at 40.0 cents level, but should it drop to 38.0 cents level, it is a bargain and you may collect some along the way.

Technical Support: 380 / 400 

Technical Resistance: 430 / 450

P/S: I do not own any shares in the company and this piece serves as my technical trading diary. Cheers.