Instacom

johorphang

johorphang

Mid-Day Review & Analysis. 20 May

VIVOCOM PRICES ENTERED INTO A TECHNICAL REBOUND AS SELLING DWINDLED.

VIVOCOM closed half sen higher at 32.5 after ranging from 31.5 to 33.0 levels.

Lack of strong selling-interest in the mother shares and aggressive buying in the WD, helped lift prices higher to regain fifty percent of recent losses.

Technically, this newly developed positive momentum is like to expand as prices attempt to regain seventy-five percent of its recent losses.

The seventy-five percent  recovery target stands at 34.5-35.00 levels.

Volume in the morning was small at 39.12 M shares.
Volume for the WB was higher at 40.95 M shares.

The WB ended 1.5 sen higher at 19.0 sens.

Clearly a case of the son leading the mother. Prospects of buying support spilling over into the mother shares in the noon is good.

This prices rebound is expected to continue as sellers shy away from disposing their shares.

The Quantitative Algorithm signal for the mother is in strong bullish convergence and indicated the the immediate term positive momentum would expand.
Meanwhile, the QA signal for the WB has turned bullish and confirmed the trend change.

johorphang

MIDF Research maintained its positive stance on the construction sector with players such as Gamuda Bhd, Muhibbah Engineering (M) Bhd, and Vivocom International Holdings Bhd as its preferred stocks for investments.

Read more: http://www.theborneopost.com/201 ... stry/#ixzz49EWRzMQx
http://www.theedgemarkets.com/my ... truction-job-pahang

johorphang

johorphang

Vivocom - Buy low Sell High.

Now is super low. More big  contracts to come out soon.

BI announcements oso out soon.

Q2 gna be even stronger than Q1.

If not for MSCI Reweighting n 1MDB, VIVOCOM now easily at 38c - 40c levels.

Market will normalise n by then you wont get it below 36c.

Why WAIT!!!

johorphang

Vivocom 0069 KLSE Darling stock.

Market volume n liquidity leader since Sept 2015.

Eight n a half months volume over 9B shares turnovet still not proof it's a long term GEM.

Definitely not a pump n dump syndicate stock.

Rd 1 : Base price 8c Top 33c.

Rd 2 : Base price 23c Top 36.5c

Round 3 starting now Base price 32c, Top Target Price 48c.

Many more rounds to come till we hit RM1.

Valuation wise deemed at lower end.

At current price level, trading at 10 times of full years PAT anticipated at RM80 mil.

Comparable companies with similar market cap are trading at 15 - 17 times PE.

Based on full years results, fair value shd be 45c - 50c.

VIVOCOM A RM1 STOCK, mark the market words.

johorphang

Mid-Day Review & Analysis 24 May

VIVOCOM ended the morning half a sen lower dampened by light selling interests.

The bulk of the total 14.518 M shares were traded at 31.0 level.

As at morning's close, moderately firm buying-support were seen at the 30.0-30.5 levels where a total volume of 27.0 M shares were parked.

Strictly from a technical point of view, the failed rebound reversal-rally attempt at 33.0 level three days ago shows that price momentum is still negative.

Immediate price congestion is now expected at the 30.5-32.0 levels.

The Quantitative Algorithm signal remains in negative mode.

johorphang

End-Day Review & Analysis 24 May

VIVOCOM prices dipped to its decline-low of 30.0 sens on moderate selling and then rebounded to close the day unchanged at 31.0 sens.

Total volume increased marginally to 36.11 M shares.

As at the close today, the chart-picture has altered slightly to a neutral setting.

Two attempts to break below the 30.0 level were  made over the last four sessions failed with prices rebounding marginally.

As such, we can consider the 30.0-31.sen  level as the immediate chart-support level.

The immediate term trend would turn negative if they are violated in the next few sessions.

The Quantitative Algorithm signal finished the day negative.

johorphang

Mid-Day Review & Analysis 25 May

VIVOCOM closed the morning down one sen
at 30.0 as light selling-interests continued to dominate trading.

Total volume was low at 14.48 M shares. Bulk of morning trades were done at 30.5 sens where 13.93 M shares changed hands.

Technically, we are at the  fourth-wave of the Elliot-wave count and this is confirmed by the Quantitative Algorithm trading signal.

The fourth-wave is a correctional or price adjustment phase following a strong upward move.

The bullish fifth-wave would come into play once this negative fourth-wave distribution process is completed.

Over the last five trading days, three unsuccessful attempts were made to break below the 30.0 level.

Good buying-support appears to be parked at the psychological 30.0 level.

If prices can stay at 30.0 or higher till the early part of next week, we can safely conclude that
the correctional fourth-wave has ended and those who needed to sell have done so.

With this kind of negative scenario, technical traders would say that at 30.0 sen, prices are in an oversold position and is a safe buying level.

In trading, things can change dramatically over a short period, from very bullish to very bearish.

Only people who can adapt quickly would benefit from the changes.

A technical price rebound from 30.0 could easily take prices higher to test it immediate resistance at the 33.0-34.0 levels .

In short, we have to patiently wait for clearer trading signals over the next few days to make a trading decision.

johorphang

Mid-Day Review& Analysis 27 May

VIVOCOM rose on a technical rebound after ten days of losses and closed the morning 1.5 sen higher.

Volume was moderate at 19.58 M shares. Buyers dominate the scene by taking sellers on 69.8% of the trades.

Is this the end of the 10-day old downward trend or is this just a knee-jerk reaction to a grossly over sold position?

Based on chart interpretation, what we are seeing now is the fourth-wave of the downward cycle, which is minor technical price rebound.
The last and fifth-wave is usually a downward wave that would mark the end of the bearish cycle.

The Quantitative Algorithm closed the morning in positive convergence and has yet to give a buy-signal.