Vivocom’s V-Shape Recovery still intact, and a sharp rally upwards to RM1.22/RM1.48/RM2.20 can take off anytime

seejovin

Publish date: Thu, 03 Dec 2020, 10:00 PM

Vivocom’s V-Shape Recovery still intact, and a sharp Rally upwards to RM1.22/RM1.48/RM2.20 can take off anytime.

Stay Patience Strong. All the technical indicators are there showing a strong uptrend is imminent.

I am holding my investment position and I am looking to scale in more when it break above RM1.22, let me reiterate my views which I have expounded in the past three articles.

1. 3 white soldiers rally set bullish sentiment after the buying sizzling happened on 26th Nov

2. Vivocom has been in consolidation phase for 3 days with flag/Pennants formation, the price has been trading between 10 and 30 days exponential moving average.

3. The price will continue to rally if it breakaway from RM1.22 or retraced if it trades below RM1.00.

4. Based on my trading experience the chance to go up is higher than retracement.

5. I am holding onto my position and will scale in more positions when price move beyond RM1.22! From a strictly trader’s outlook I will cut loss at RM0.960 and reposition my trades for the next Uptrend.

I do believe that Vivocom’s underlying strength and resilience is worth my taking a ride with it for the longer term.

I shall reiterate myself about what I wrote in the past few days regarding Vivocom's DNA.

Every share has its own unique and peculiar pattern, characteristic, secret and commonality especially when it is in a bullish rally uptrend or undergoing a correction, its price action, volume and also time duration display certain special features that lend it certain X factor or quality that make it stands out or shines brighter than the rest of the crowd.

Lets us look at the daily chart to unfold and discover VIVOCOM'S DNA more. They include:

A. After every 3 white soldiers candlestick rally, it is usually accompanied by 1-2 days correction

B. After each correction will have another 3 days bull rally

C. Each bull rally will have minimum of 60 sen rally

D. Each correction is less than 38.2% retracement on each rally.

To me as a trader, I don't care what stock it is. As long as the stock allows me to make money.

Vivocom to me is a fantabulous stock because the buyers just keep coming.

Vivocom consistently ranks top 20 value transacted with extremely tight spread and healthy and good activity at every single price level. To me, it doesn't get any better than this. Vivocom is like every traders' dream stock. Every trader in town wants a piece of the action.

It's a matter of when will this gem move to the next level........

VINVEST (0069)

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Discussions

Be the first to like this. Showing 5 of 5 comments

paperplane

this dude sure loss a lot, wakakaka

2020-12-04 09:21

Hunter70

I give credit to him for writing such an analysis. A few flaws but overall not a bad piece. Not bad for an amateur.

2020-12-04 18:46

michaelwong

Falls into the pit and hard to climb back lah....woi !!!!

2020-12-04 18:51

zyde

Still losing. Pity

2020-12-15 21:34

Up_again

When it’s over, it’s over

2020-12-15 21:39

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