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VIVOCOM: FORECAST

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Publish date: Fri, 13 Nov 2020, 02:24 PM
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VIVOCOM: FORECAST

 
If you recall in my most likely scenario, I have forecasted the first peak to happen around 20 Nov with target price RM1.53, subsequently a retracement to RM1.41. 
 
Today’s lowest price was RM1.41. This confirmed that the market is essentially pricing in and bringing forward my forecast by approximately 2 weeks. 
 
In this case, we should see RM3.00 by the middle of December. So do enjoy the ride upwards guys. 
 
Vivocom is in my view a long term and sustainable rally. So no contra or margins play please.
 
 
 
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