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Vivocom: The SuperBull targeting to conquer RM2.00 again
Vivocom: The SuperBull targeting to conquer RM2.00 again.
30 Nov 2020
Vivocom: Lunch Time Report
Morning Session Vivocom closed RM1.08 with volume 56.3M.
After 3 days of bullish rally, traders decided to lock profits around price levels RM1.16 yesterday.
Today’s small pull back is indeed a very healthy correction.
Lets revisit the last 3 days of stock movements in 15 minute chart to unfold the secrets and innate strength of this hot momentum share called Vivocom.
Here goes :-
A. Profit taking and tight range trading btw RM1.10 to RM1.20, this has formed a rectangle box. If price moves below RM1.10 it will trigger trader profit taking which would result in the price slip below it.
B. We can see investors and traders rush in around RM1.00 to snap up whatever tickets available below RM1.05, a very strong indication of traders/investors seeing a very profitable and high potential upside at such level.
C. As we can see RM1.00 is strong support and it was tested 3 times and still held up extremely well.
I anticipate more buyers will come in to test this level again. But I doubt Vivocom’s price will slip below RM1.03 because many position/traders/investor are alert and waiting to pounce at this level.
D. I am looking forward to afternoon trading session or tomorrow where price will move above RM1.10 as supply is dried( base on PAT and Price ROC ).
E. Rally will resume after break above RM1.22 resistance with conviction and persistence.
My Trading/investment plan
A. Below is my what if trading plan
1. I will buy more if price go to near RM1.00 (add 1/3) or
2. When price move above RM1.10 I will buy (1/3) in this case I had 2/3
3. When price move beyond RM1.22 I will buy another (1/3) so I had my full position of 3/3
4. I aim VIVOCOM to go above RM2.00 as I observed V shape rebound.
B. Plan out yours investment strategy and act on it and blame no one
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Fabien "The Efficient Capital Allocater"
Building castle in the air? Ever heard of the greater fool theory?
2020-12-01 19:42
FREE THE PRISONERS!!!!!!!!!!!!!!!
RELEASE ALL THE UNCLES AUNTIES PAKCIK & MAKCIK TRAPPED!
speakup command!!!!
2020-12-02 22:32
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That is obviously proxy for share price manipulation la.
Still want people follow pulak.
2020-12-01 13:48