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VIVOCOM: Lunch Time Report (30 Nov 2020)
30 Nov 2020
Vivocom: Lunch Time Report
Morning session Vivocom closed RM1.14 with volume 90M
Vivocom is now showing a “Morning Star Reversal Bullish Signals”, a most encouraging uptrend sign.
What an outstandingly and spectacularly bold recovery Vivocom had charted since last Friday, such a Never Say Die WARRIOR!
Vivocom knew it had to make a most courageous and resounding RETURN since the two Limit Downs in order to silence all the naysayers once and for all.
The cynics and skeptics including the press who cannot help but seed doubts & uncertainties and all for no good purpose. Why, what for and to what end do all such negativities entailed.
Can’t we focus on the good and that perhaps Vivocom is indeed unique and different from the rest.
This morning saw Vivocom topping the chart in terms of value traded. Vivocom is now the highest traded stock in terms of value traded, and the rest appears to lose their adherents. This is highly significant as it shows Vivocom is able to see more inflow of funds and more followers. Its a well deserved market leadership role bestowed upon us after coming through being blindsided.
Such a truly magnificent and even miraculous comeback has put lots of smiles and happiness in KLSE. Is that so wrong? Of course not!
Somehow I sense Vivocom knows it can’t let the public down and it didn’t.
Anyway lets move past what happened last Mon/Wed, and focus on moving ahead.
Trust and belief cuts both ways. Vivocom knows it must believe and trust pure market forces and momentum.
Likewise the public must trust and believe Vivocom is not a Pump & Dump play. It’s so crystal clear it isn’t so go ahead...
There’s no doubt that Vivocom is a pure market momentum phenomena, driven up and down by pure market forces.
No outside or inside artificial forces could have engineered such a pure, spectacular and breathtaking turnaround.
Here are today’s technical highlights :-
1. Market Opening bull and bearish Analysis.
A.Very bullish opening at RM1.08 ! 7 pips gap up away from last Friday close and pulled back and closed the gap up and rebounded up to RM1.05, total vol transacted 9M shares. All happened within first 5 min which basically confirmed the bulls are frantically banging on the gates and saying “LET THE RALLY BEGINS AGAIN”.
B.15 min chart broke away from RM1.06 & crossed over gap down strong resistance at RM1.13, a Price and Volume trading action a most strong bullish indication.
C.I observed price traded in between RM1.10-RM1.13( tight range support resistance nearly one hrs, than bull took control and crossed over RM1.13 and heading to close strong resistance Gap RM1.22.
D.The moment the price crossed over RM1.22, marked as time for all Bulls to have small celebration to regain the battle ground with dominance.
2.Daily chart Analysis.
A.I am very positive that Vivocom will eventually cross RM1.22 and head to RM1.34/RM1.50/RM1.71 because a super bullish daily chart has clearly emerged:-
A1.Buying sizzling – Early reversal signal
A2.Morning star candle stick formation- Very reliable and powerful reversal up signal
A3.Morning star candle high resistance broken – the morning of price cross over RM1.13 has triggered buy signal and target is recent high which is RM2.05
A4.Falling gap being filled ! Bearish sentiment overwrite and it triggerred and confirmed reversal up buy signal !
3.Support
A. Support RM1.10/1.00/0.90
B. Resistance RM1.22/1.40/1.70
Target RM1.34/RM1.50/RM1.71
B.Here is some sharing on how to trade and capitalized the morning star pattern
https://www.youtube.com/watch?v=VVjHrewMeDk
https://www.dailyfx.com/education/candlestick-patterns/morning-star-candlestick.html
Vivocom, The SuperBull is Undoubtedly Back. Believe it you must. Trust your own instincts and no noises from naysayers.
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Tq See Jovin for d update
2020-11-30 16:12