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Instaco (0069)

Mid-Day Review & Analysis 2June

VIVOCOM closed the morning half a sen lower at 29.5 after tight band trading on low volume.

Total volume remained thin at 9.16 M shares.
Bulk of morning trades were done at 29.5 sens with a volume of 8.12 M shares.

After a prolonged and well-defined downward trend, VIVOCOM's low volume and small transactions deals in recent days are typical characteristic of a stock that has been oversold and has finally found a technical bottom.

Under such conditions, the prospects of a healthy price rebound correction is extremely high.

The Quantitative Algorithm signals are now in neutral mode and remains neutral for the immediate term trend.
 
Mid-Day Review & Analysis 2June

VIVOCOM closed the morning half a sen lower at 29.5 after tight band trading on low volume.

Total volume remained thin at 9.16 M shares.
Bulk of morning trades were done at 29.5 sens with a volume of 8.12 M shares.

After a prolonged and well-defined downward trend, VIVOCOM's low volume and small transactions deals in recent days are typical characteristic of a stock that has been oversold and has finally found a technical bottom.

Under such conditions, the prospects of a healthy price rebound correction is extremely high.

The Quantitative Algorithm signals are now in neutral mode and remains neutral for the immediate term trend.
 
Our sharesholders base keep growing as the retailers or public keeps buying Vivocom shares.

This is very good sign cos everyone believe in us shows they have confidence in our future prospects. Vivocom is not only the volume n liquidity leader in KLSE Ace market.

It has the largest market capitalisation in Ace too.

Vivocom is very likely the Ace company with the largest shareholders base.

Most Ace companies struggle to even attain 1500 shareholders base.

We almost 15k. I only know Tenanga Berhad has around 23k shareholders.
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Mid-Day Review & Analysis 6 June

VIVOCOM ended the morning unchanged at 29.0 sen after having ranged narrowly from 28.5 to 29.5.

Overall volume was low at 6.55 M shares.
At 29.0 sen, 6.31 M shares changed hands while small volume were recorded at 28.5 and 28.5 levels.

Chart-wise, prices remained locked in congestion trading at the tail-end of the sell-off correctional-lows.

Extremely low trading volume over the last four trading sessions indicates that the selling or liquidation pressure has fizzled.

On account of this , the prospects of a minor upward price rebound is bright in the coming sessions.

The daily Quantitative Algorithm signals are still in negative divergence and continues to call for more sideways band trading.
 
Mid-Day Review & Analysis 7 June

VIVOCOM consolidated this morning in light bargain-hunting buying and settled the morning unchanged at 28.5 sens.

Volume remained thin at 16.6 M shares.
Volume distribution showed that sellers were the aggressors, giving to buyers 76.9% of morning's trades.

Some people are
bottom-fishing because prices are at their consolidation lows and the extremely low volume over the last five days have given them the impression that prices may have found a temporary technical-bottom.

In any case, the 28.0 sens level remains an important chart-support while resistance is seen at 30.5-31.0 levels for the immediate term.

At close this morning, the Quantitative Algorithm signals retained it sell-signal, indicating that the negative gradual downward cycle is still intact.
 
End-Day Review & Analysis 7 June

VIVOCOM rebounded from its daily lows on light buying-support and closed half sen higher at 29.0 sens

Volume today was the highest in five-days at 23.94 M shares.

Volume distribution analysis continue to show that sellers were more aggressive today.

Sellers gave to buyers bids 58.3 % of today's trades.

The technical picture remains the same as illustrated in the mid-day report.

At close, the Quantitative Algorithm signal stayed neutral-to-slightly negative and suggested further sideways drift.
 
Mid-Day Review & Analysis 9June

VIVOCOM closed half sen higher at 28.5 sens after some active trading volume.

Early round selling pressure at the 28.0-28.5 levels were well absorbed causing prices to rebound mildly.

Volume increased to 37.10 M shares.

Volume distribution indicated that sellers were the more aggressive lot, booking buyers on 63.4% of morning's trades.

The Quantitative Algorithm signal remains neutral-to-negative and at close and indicated that the sideways band trading phase is not over yet.
 
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