What a difference a day make!
Today trading was serene compared to yesterday's tornado twister action.
We have seen the entire day very orderly buying activities which was linked to short-covering. People who sold aggressively yesterday are now buying back to remain invested. Bids were carefully placed into market for fear that sellers would shy away during this price sensitive short-covering process.
A total of 21.78 M shares were transacted. At 0.225 seller gave 3.26 M shares to buyers and at 0.23, buyers took 8.11 M shares from sellers and seller booked buyers with 7.89 M shares. Trading at 0.235 weak lopsided as buyers paid up and took 2.06M shares from sellers.
Price ended at 0.230. up 0.005 from previously.
Chart wise, we have entered into a new-normal trading range and the stock is expected to enter into range-bound..around the 0.23 to 0.25 range...Vivocom is strongly managed n supported. Owners not selling. If not we would hv limit down yesterday. It happened before in December last year n we staged a strong comeback. We will do so likewise again when the timing is right. Timing is everything in d stock market.