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Instaco (0069)

http://www.businesstoday.net.my/scope-for-massive-pe-re-rating-for-vivocom-ahead/
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End-Day Review & Analysis 8 Aug

VIVOCOM ended one sen higher at 29.0 after a late wave of buying took prices near it rally- highs at 29.0 sens.

Volume for the day as moderate at 33.08 M shares of which 76.6% of trades were buyers paying up to sellers asking prices.

Technical setting now is constructive with prices closing today at its six-day high of 29.0 sens.

For the very short-term, prices are expected to remain in congestion trading around the 28.5-29.5 levels before finding fresh bullish momentum to vault into fresh levels above the 30.0 sens level

The Quantitative Algorithm signal finished the day positive and entered into further bullish-divergence,
signaling prospects of further upside trading.
Volume distribution showing buyers aggression! Gradual upward trading scen ario! Excellent upward trading scenario as more stable, better traction n compatible with solid fundamentals delivered.

As distinct from speculative driven, pump n dump scenario!
 
Nanyang: Vivocom new orders have increased to 2.2 billion (based on Cimb research).. Guang Ming: Vivocom is assigned as turnkey contractor for Bandar Tasik Amanjaya project...Kwong Wah: Vivocom secured housing development projects in Perak worth hundreds of millions.
 
Mid-Day Review & Analysis 9 Aug

VIVOCOM settled firmer at 28.5, up half a sen after being caught in inside-day trading.

Prices ranged from 29.0 to 28.0 on a volume of 22.34 M shares.

Trades were centered at 28.5 where 22.05 M shares changed hands with buyers paying up to sellers offer on 62.1% of trades.

Today is the fourth straight-day that prices are steadily locked within the 28.0-29.0 band.

We have a situation now where sellers are not keen to sell below 28.0 sen and at the same time, buyers are also not interested to buy higher than the 29.0 sens.

This technical routine would very likely persist for a few more sessions before one side decides to give way.

Our technical guess is that the buyers would win this tussle by paying above the 29.0 sens and start an upward trend.

The daily Quantitative Algorithm ended the morning in a slight positive divergence and continues to call for more meandering actions.
 
End-Day Review & Analysis 11 Aug

Vivo settled the day unchanged at 28.5 sens as prices continued to be locked in tight band trading between 28.0 and 29.0 sens.

Overall volume remained thin at 20.17 M shares.

Trades were centered at 28.5 on a volume of 13.0 M shares.

Buyers were on mild offensive, taking 53% of trades from sellers.

Today is the fifth day that prices consolidated within a one sen range on very low volume.

Technically, are prices now facing resistance and preventing it from scaling higher or is this is solid support level that would eventually climax into an upward rally?

Dwindling volume over the last five days suggests that we are in indeed in a supportive phase of the consolidation trading and prospects of values moving higher in days ahead are right.

The Quantitative Algorithm signal ended the day steady and called for more gradual upward movements.
 
VIVOCOM 0069 FIFTH WAVE RUN TO BEGIN...

VIVOCOM remained in tight band-trading and firmed up towards the end the day to close half sen higher at 29.0 sens.

Volume at 19.02 M shares was the lowest for a very long time.
This showed sellers have dried up completely at levels 28.5c n lower.

If I have just returned from Mars and was shown this price-chart on VIVOCOM, this would be my technical conclusion.

Prices consolidated for 10 days at 26.0 to 28.0 sens from 18th July to 1Aug.

From 2nd to 12th August, Vivo's price attempted an upward breakout with prices again consolidating from 27.5 to 29.0 for 10 days including today.

The last 10 days consolidation trading has resulted in the formation of a VERY POWERFUL BULLISH n EXCITING chart configuration called the "ASCENDING TRIANGLE". (see chart as highlighted in white).

During the last ten days, the daily-lows are visibly getting higher but the daily-highs are fixed at 29.0 level.

Prices are currently cornered at the apex of the ascending-triangle.

In a matter of one to two trading days, n I repeat in a matter of one to two trading days, prices are set to move higher and successfully vault the 29.0-29.5 levels and set the course for a continuation of the bullish cycle with prices trending higher on a higher volatility to establish the fifth-wave of major bullish trend.

As a die hard betting man who lives by the sword n dies by the sword, my trading intuition honed from the past 38 years of stock market experiences tells me that today's closing at 29c showed solid conviction.

As a result, Vivocom share price is set to accelerate the upward trend next week. Exciting trading days lie ahead!

The 31.5-32.5 levels appears to be the immediate price-target.

Let's us all play our part n drive the momentum up, up and up all the way by spreading n sharing the news of Vivocom next upward SURGE!

As they say, SHARING IS CARING...

The Quantitative Algorithm signal remains constructive at close and indicated much higher price fluctuations.

Volume Distribution shows that buyers were the aggressors toward late-trading and has set the bullish path for next week.
 
End-Day Review & Analysis 15 Aug

VIVOCOM established new eleven-day highs at 29.5 sens in early trading, but the move was short lived as moderately active sellers emerged and caused prices to slip to 28.5 before finally firming to close at 29.0, unchanged from previously.

Total volume increased to 29.79 M shares with bulk of trades done at 29.0 sen on a volume of 23.25 M shares.
Buying and selling forces were balanced today with sellers giving 57.9 % of total trades to buyers.

Chart-wise, the immediate technical-setting remains strong with prices locked within the confines of the very narrow apex region of the ascending-triangle.

In normal circumstances like these, prices are not expected to hover around these levels for too long as the situation is ripe for an inevitable upward break out.

Timing is everything!
The market would determine and decide on the date of the breakout! Patience is a VIRTUE!!!

The daily Quantitative Algorithm signal remains in positive divergence and calls for further gradual upward trading.
 
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