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End-Day Review & Analysis 16 May 16

VIVOCOM dipped in early trading on an active round of profit-taking that took prices to a low of 33.0 and then closed off from its lows at 33.5 sens, down one sen.

MSCI rerating and weakness in the KLCI were factors linked to the morning selling pressure.

At total of 81.70 M changed hands with bulk of morning's trades done at 33.5 M shares.

Breakdown of trades suggests that selling volume was well absorbed with buyers booking sellers on 51.6% of all trades.

Technically, we are at an oversold state and prices are set for further consolidation trading and  could enter into a mild technical rebound soon.

From its historical-high of 37.0 sens, VIVOCOM has given back 4 sens in a matter of two trading day.

As such, many  Investors and traders are not keen to sell and are taking advantage of the current weakness to buy.

The Quantitative Algorithm signals remained negative at close and called for softer trading conditions in the  immediate term.

johorphang

Vivocom believers,

Chin up n be proud of your Top Stock Pick, Vivocom.

Put the whole Vivocom share trajectory in full perspective.

Dun forget Vivocom was only 8c in Sept 2015. Several weeks ago was 23c, then 26.5c n now 33.5c.

Yes Vivocom has retraced from 36.5c at its peak.

It's a healthy correction against very battered, weak n vulnerable mkt conditions.

Vivocom the only shining beacon in an otherwise overly bearish trading environment.

Vivocom rose against the odds.

Perhaps Vivocom believers expected to be charting 38c - 42c levels too quickly too soon.

Maybe Vivocom believers were overly optimistic n hence set their expectations too high.

Never mind, there is never a perfect playing field especially in the stock market.

Regroup n relook at your trading strategy. Till the dust settles down, the present levels at 33.5c to 34.5c are excellent buying opportunities.

Vivocom shall see 36c - 38c level sooner than think.

Vivocom true believers should be proud of their stock pick as it is after all the market darling n KLSE top volume n liquidity leader.

Vivocom shall conquer n soar again at a measured  pace. Slow but steady n yet surely. Only when the market is ready. When the timing is right.

NEVER BE FOOLHARDY IN YOUR TRADING CHARGE. BUY LOW SELL HIGH is always safe.

The journey has just begun. Take a long term view cos Vivocom is A GEM.

johorphang

Mid- Day Review & Analysis 17 May.

VIVOCOM ranged narrowly in consolidation trading and ended unchanged at 33.5 sens.

Volume was extremely low at 14.9 M shares, signaling the slow down in profit-taking activities.

Bulk of the trades were at 33.5 level where 12.76 M shares were transacted.

Buying-interests were seen to be consistent and persistent at 33.0-33.5 levels.

Steady conditions today were influenced by strong rebound in the FKLI futures that rose 14.0 points after recent excessive losses.

Meanwhile, the Quantitative Algorithm signals are still in negative mode and signal further sideways actions.

johorphang

End-day Review & Analysis.

VIVOCOM closed down one sen after having traded in very thin trading.

Total daily sank to 42.53 M shares.

Sharply lower volume on the third day of declines indicates that the selling pressure has started to fizzle.

It was a sparing sort of trading with buyers booking sellers at 33.5 and followed by sellers booking sellers at 33.0 level.

This is typical of a congestion or consolidation trading phase and this pattern is expected to persist for the next few sessions before prices start to rebound from its sell down lows.

The 33.0-34.0 levels are technically considered as  excellent levels to buy in.

The Quantitative Algorithm signals remains in negative mode and continues to signal further sideways trading for the immediate term.

johorphang

Mid-Day Review & Analysis.  18 May

VIVOCOM made fresh decline-lows at 32.0 sens,  pressured by moderate selling pressure and settled the morning fractionally softer at 32.0 sens.

Despite buyers firmly positioned the entire morning at 32.0-32.5 levels, sellers persisted in their selling on thin volume.

Total of 36.5 M shares changed hands.
Bulk of the trades (34.09  M shares) were done at 32.5 sens where volume distribution were in favor of sellers.

T-4 liquidation were partly attributed to the weaker sentiment.

Early sharp losses in the KLCI to 1618.0 pts effected early sentiment.
The KLCI subsequently rebound sharply and regained all it earlier losses and settled the morning at 1627.0 points.

From its peak of 37.0 sens, VIVOCOM prices have been on downward trend for the last four days.

Technically, the immediate term momentum remains neutral-to-negative.

The momentum setting would turn positive again only when values trade back above the 33.0-34.0 levels.

People who buy at the 32.0-33.0 levels would be well rewarded in the event prices take a strong technical rebound in the coming days.

The Quantitative Algorithm signals are still negative mode and have not given the trend-change signal yet.

johorphang

End-Day Review & Analysis 18 May

VIVOCOM established fresh decline-lows in late-afternoon selling pressured by T-liquidation at 31.5 sens.

Prices closed the day off marginally from its intra- day lows at 32.0, down one sen from previously.

Daily volume was moderate at 69.6 M shares.

Sellers were the obvious aggressors, giving 71.6% of total trades to buyers.

As at closed, prices are at their 13-days low and is now considered to be in a grossly oversold position.

Signs of a strong imminent technical rebound has yet to emerge.

Today's technical flush-out has taken prices into an extended-move and this would halt only when weak holders are completely bailed-out or when buying-interests return in a big way.

When would the price recovery starts?

I honestly do not know.
I know that it would take place when we least expected it to happens.
That is guaranteed!

The Quantitative Algorithm signals remains weak and showed that the current trend is still negative.

Vivocom shall rise again n again n again. Don't stop believing. Our fundamentals are sound n solid.

We are just at a bad phase of extreme irrational bearish market sentiments.

Nonetheless, it nows presents an excellent opportunity to accumulate Vivocom shares.

Be A Contrarian!

johorphang

CLASSICAL KEY REVERSAL SIGNAL.                                         End-Day Review & Analysis 19 May

VIVOCOM hit a decline-low at 30.0 sen early today and rebounded sharply to settle at 32.0, unchanged from previously.

From today's remarkable performances, any trader or technical analyst worth their salt would conclude that VIVOCOM's downward trend has ended.

We have now entered new phase or cycle-change that would take values higher to regain a large portion of it recent excessive losses cause by the negative MSCI  reweighing.

The chart configuration today is called a classical  bullish key-reversal. It confirmed that VIVOCOM has hit its sell off bottom and the next wave is an upward bullish wave!

From current levels, VIVOCOM can easily regain a hefty part of its losses without even blinking an eye.

Immediate  upside recovery-target is now seen at the 34.5-35.5 levels.

Technically, the prospects of prices charging upwards to revisit its historical-highs at 37.0 sens are extremely strong considering the very solid underlying fundamentals that has not change during the recent weakness

Traders wanting to buy may like to take any sellers offer at 33.0 or lower.

The Quantitative Algorithm signal has yet to give the buy-signal. As and when it does, prices would have moved above the 34.0 sens.