Instaco (0069)

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johorphang

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End-Day Review & Analysis 17 Aug

VIVOCOM closed steadily higher boosted by a late wave of aggressive buying.

Prices ended at the upper-end of the daily trading range at 29.5, up one sen from previously.

Today's volume at 39.89 M shares was at its best level in nine days.

Buyers were the aggressors today, taking 72.9 % of trades from sellers.

Closing price above the upper resistance line of the ascending-triangle is a strong indication that an upward breakout has occurred and the immediate underlying strength has turned constructive.

The daily Quantitative Algorithm signal finished the day positive and suggested that the bullish momentum has returned after a prolonged sideways trend.

Technically, the trading environment has switched drastically from sideways congestion to a bullishly upward trajectory especially in view of the coming Monday's EGM for the bonus issue. The impending 2Q results should add fuel to the already bullish setting.

The upward breakout has definitely occurred. Exciting trading days lie ahead!!

Upward breakout in a ascending-triangle occurred. Buyers blasting away towards the close.

Vivocom 0069 KLSE DARLING STOCK closed 29.5c

The BIG BULL is back!!!

Target Price 40c! Won't see 30c very soon. Or even 31c to 32c will disappear in a blink!!!

Next week will be full of PRICE MOVING ANNOUNCEMENTS!

⬆🙏⬆up⬆up⬆up🙏⬆
 
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johorphang

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Mid-Day Review & Analysis 18 Aug

VIVOCOM finally blasted-off from its upward breakout-point on strong buying-interests this morning as traders jumped into the bandwagon in a big way and lifted prices to its eight- week high of 31.0 sens.

Prices ranged from 29.5 to 31.0 and settled higher at 30.0, up half a sen from before.

Morning's volume rose sharply to 68.40 M shares with buyer's mobbing up sellers on a hefty 70.1% of total trades.

Positive expectations from this afternoon's EGM on the one-for-four bonus-issue was cited as the catalyst for the bullish performances this morning.

Buyers were jumping in in anticipation of further price gains and are applying the basic trading principle of 'buy-high-and-sell higher'.

Market-talks and trade guesstimates are calling for the soon to be release 2Q profits to far exceed the 1Q profit results of RM19.87 M.

I personally do not know the figure and would consider a profit figure of RM20M to RM22M or higher to have an extremely bullish impact on near-term prices.

What then is the immediate term price outlook?

The successful upward price-break from the ascend-triangle today was accompanied by a higher than normal volume of 68.40 M shares.

This is an extremely constructive development and confirmed that VIVOCOM is now in the fifth and final wave of its five-wave bullish cycle.

The next and immediate price-target now stands at 34.5-35.5 levels.

Violation of these levels would generate fresh upward momentum and take prices upwards to re-visit its historical-highs at 37.0 sens.

Traders indeed waited patiently for sometime for the breakout from the ascending-triangle.
You have been informed too and it is happening now.

The nature of stock analysis is such that when you are right, nobody remembers.
And when you are wrong, nobody forgets! Haha!

The Quantitative Algorithm signal has turned bullish again at close this morning and is calling for an extended-move on the upside.

QA turned into bullish mode n buyers definitely the aggressors today!

Volume Distribution on 82.12 M shares. Buyers continue to hit sellers.
 

johorphang

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MIDF upgraded BUY call from 59c to 63c, adding to market belief Vivocom is due for a massive PE rerating soon.
 

johorphang

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End-Day Review & Analysis 19 Aug

VIVOCOM closed one sen lower at 30 sens after an inside-day trading dominated by mild weekend profit- taking selling.

The moderately high volume of 59.97 M shares were well absorbed as prices fluctuated from 29.5 to 31.0 levels.

The chunk of today's trade of 55.6 M shares changed hands from 30.0 to 30.5 levels where buyers booked sellers on 54.6% of the trades.

Today's closing of 30.0 sens is at the mid-range of both yesterday's and today's trading range.
This is a good sign as it shows that the immediate underlying strength of VIVOCOM is solid.

Presently, the technical setting is constructive and is pointing to a very high possibility of a test of the immediate overhead price-target at the 31.5-32.5 levels in early-trading next week.

My strong technical hunch now is that prices would break above these mild resistance levels and surged forward to make fresh rally-highs at the 34.5-35.5 levels next week.

Putting aside my analytical pride and ego, I may end up becoming very right or very wrong!

As always in trading and investing, timing is everything.
The market would decide and we would have to wait to see what transpires next week.

The daily Quantitative Algorithm signal finished the day constructive and indicated that the general trend is still up.
http://sme.org.my/2016/08/19/smart-money-continues-pouring-into-vivocom-as-investors-average-up-to-further-maximize-profits/
http://www.bursamarketplace.com/index.php?ch=ch_themarket&pg=pg_researchreports_3083&ac=30394
 

johorphang

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VIVOCOM ended the morning in a steady note as traders bought ahead of the bonus issue-related EGM due in the afternoon today.

Prices ranged from 30.0 to 31 sens on a moderate-low volume of 25.56 M shares.

Buyers flexed their muscles by taking sellers on 67.1% of total trades.

Thin volume of 5.38 M shares were recorded for trades at 30.0 and 31.0 sens.
At 30.5 sens, 20.08 M shares changed hands.

Based strictly on technicals, the immediate underlying strength of VIVOCOM remains solid and a concerted move above the 30.5-31.0 levels would set the stage and clear the path for an upward thrust.

The Quantitative Algorithm signal stayed positive at morning's close signaled the prospects of a higher trading platform in the noon session.
 

johorphang

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Mid-Day Review & Analysis 25 Aug

VIVOCOM drifted lower on light trading and settled with losses of half a sen at 28.0 sens.

Prices ranged narrowly from 28.5 to 28.0 sens on a very thin volume of 4.68 M shares.

The sharply lower volume indicates that the selling pressure at current levels have fizzled out.

From it most-recent-peak of 31.0 sens last seen six trading days ago, prices are down,
returning 3 sens or more than three percent of its. value.

This is an unusual development considering the fresh order book news, the bonus issue due next month and the 2Q results announcements due anytime now.

It appears that people were impatient and were realising their profits instead of waiting for the bonus issue.

Violation of the important chart support of 29.5-29.0 levels yesterday also provided traders with the reason to bail out.

Technically, the overall setting following the five day sell-off continues to remains positive.

Large volume thrown into the marketplace were very well taken up.

Prices would have dropped much more had the buying-interests been not solid.

The 2Q report is due anytime now.

I would expect a strong bullish impact on prices if the final profit figure exceeds the RM20 to RM22 million. The 1Q profits was RM 19.7 million.

The Quantitative Algorithm insisted the morning negative and shows that the immediate main trend is weak.

Based on current setting, I am fully convinced that a solid upward technical rebound is around the corner.
 

johorphang

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Vivocom 0069 Top 4 vol leader at 35M, closed 28c up 1c last Friday after a strong technical rebound.

Past 6 trading days since 19th Aug, the whole market literally collapsed due to poor Q2 results from several leading main board companies.

Vivocom likewise retraced on a total volume of 187M shares and held up extremely well in comparison as all the selling volume was all well absorbed by ready buyers who saw value in the Company long term.

A clear indication that the smart-money have taken a bullish stand on Vivocom for the near-term.

Market rumours have it that Vivocom will announce a solid set of Q2 results that will be better its Q1 PAT of RM19.8M, n far surpassed the RM15M forecasted by several analysts.

There is also market-talk that the Company will be securing another major contract far exceeding RM500M.

Two weeks ago the Company secured a contract worth RM756M.

If rumour proves correct that will bring its total contract secured within a month to over RM1.3 Billions.

News circulating in the market that several major market-makers n funds are bracing the counter for a major PE RERATING after Q2 results announced.

Prospects of a MAJOR GAP UP on 1st September when market reopens is now high in view of the latest developments.

Major GAP UP maybe by 5c or 10 levels as happened on NOV 18th from 26.5c to 31.5c on Nov 19th.

Let's make it happen together team Vivo or Vivo fans!!!

Anything below 30c we believe is a bargain-buy on Monday 29th n Tuesday 30th.

Let's make Vivocom price SOAR on 1st Sept. Let the HERDS in the market charge through n drive the Vivocom price up toward above 33c!!!

Wow 33c!!!
 
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