- 分享
- 0
- 人气
- 0
- 主题
- 2
- 帖子
- 210
- UID
- 625576
- 积分
- 423
- 阅读权限
- 16
- 注册时间
- 2016-1-16
- 最后登录
- 2018-4-18
- 在线时间
- 645 小时
|
Mid-Day Review & Analysis 5 Aug
VIVOCOM opened higher on news of a fresh RM 756 million project in Tronoh, Perak, but the move fizzled as fast as it started on renewed selling from stale-bull liquidation and profit-taking activities and finally ended the morning at 28.5, up half a sen from previously.
Trades ranged from 29.0 to 28.0 on a moderate volume of 28.40 M shares.
Majority of the trades were executed at 28.5 where 15.76 M shares changed hand with sellers throwing down to buyers 10.79 M shares.
At 28.5 sens, 9.80 M shares were traded with sellers giving to buyers 9.35 M shares.
Sellers clearly took the offensive role the entire morning and they gave 70.90 % of total trades to buyers bids.
The icy-reception to the bullish news and general ideas among traders that it was a non-event, encourage them to unwind positions.
The noon session would provide fresh clues as to direction of the immediate price trend.
We have to see if the bulls could display a more bullish character in view of the latest positive fundamentals.
The Quantitative Algorithm signal remained in positive divergence at close and signaledfurther sideways to higher trading. |
|