End-Day Review & Analysis.
VIVOCOM prices charged into uncharted territory and established
new historical-highs before closing the day at 35.5 sens, up 1.0 sen from previously.
Strong rumors circulating in the marketplace today that the 1Q16 PAT results
expected to be release at the close of trading tomorrow would show a massive jump, encouraged some aggressive investors buying.
A total of 81.2 M shares changed hands. The buyers were clearly the aggressors by taking sellers offer on 69.7 % of the day's trades.
Today's volume was the highest in eleven days. This is a good sign. It means that today's rally was a positive-cash-flow -volume-driven breakout.
The upward chart breakout today clearly shows that the bullish momentum is back into this stock.
The immediate price target now stands at 39.0-42.0 levels.
A successful punch above this minor hurdle would set the impetus and generate fresh positive moment to drive prices higher to test its next chart-target at the 49.0-53.0 levels.
Yes, the Quantitative Algorithm signals at close was very bullish and continues to call for more upward trading.