VV closed today at RM1.05, up 3c (2.94%) with 27.22M volume.

Vivocom’s trading stabilised today with its intraday low touching RM1.01 and its intraday high touching RM1.09.

From today’s trading, we can see that there are hardly any sellers at RM1.01.

Sellers came out when the stock traded at RM1.06 to RM1.08 range as today is T+2 for the contra kaki that bought on Monday when the company announced its massive RM3.79 billion contract.

Despite that, the stock inch up bit by bit to close at RM1.05. The buy rate today is 56.1% and the money flow is positive RM3.70M.

From technical analysis point of view, the chart today shows an inverted hammer after the shooting star that appeared on Monday and 8.9% correction yesterday.

As previously highlighted, inverted hammer is an extremely powerful and positive signal because it shows that a reversal is imminent within the next 3 trading days.

We can also see that RM1.00 is the immediate support level for VV’s current phase of trading.

VV is primed for a big surge upwards in every angle we see it. We just have to be patient. It will come when we least expect it.