Instaco (0069)

[johorphang]

Mid-Day Review and Analysis
VIVOCOM closed the morning 0.005 higher on light trading with prices locked in narrow band.

Total of 19.54 M shares changed hands.

Buyers were the more aggressive lot, paying up to take sellers on 63.8 % of the trades.

The current trading pattern is similar to that of early-April when prices congested and finally broke upwards.

Currently , persistent buying is seen at the 30.5-31.0 levels and this is indication that a chart support-base has been form.

Technically, these are favorable areas to buy in anticipation of a rally in the not to distant future.

The daily Quantitative Algorithm signals are once again back to positive convergence and calls for further sideways-to-higher congestion trading.

 

[johorphang]

Let us look at VIVOCOM afresh through the eyes of a market strategist.

Prices made a new-2016 high at 33.0 sen last week and then corrected lower on light profit-taking selling.

At these levels, I believe the smart-money is busy accumulating.

Prices are now boxed for three days in a tight trading-range of 30.5 to 31.5 sen.

How long would this meandering kind of trading last? I cannot tell.
It could be days or even one week.

What direction would the next price big-move be after the consolidation period, I think I know!

During late-February 2016 till today there were four similar chart boxing configurations. (See chart 1, 2, 3 and the latest one which is 4).

The earlier three price consolidations phases lasted for one week to two weeks.

The price of VIVOCOM surged upwards strongly upon completion of the consolidation phase. See chart 1,2 and 3).

My technical guess tells me now that the current price congestion at (4) would take the same course upon its completion.

The latest price congestion (4) has lasted four days and has not given any indication that it is completed.

A sudden increased in daily volume
accomplished by an upward break above the 32.0-32.5 levels would signal the resumption of the bullish momentum of the 3-wave that could take values to 36.0-38.0 levels.

The 4-wave would see prices lifted higher to test the 43.0-46.0 levels and to be followed by the 5-wave fueled by irrational exponential exuberance that could send prices into uncharted territory at the 58.0-60.0 sen. See chart.

On the fundamental front, there are all kind of bullish possibilities ahead of the release of the 1st Q PAT results due on May 16.

The marketplace guesstimates is now calling 17.0-17.5 M for the Q1 PAT.
An eventual number at 18.0 M would be considered bullish.
Anything at 19.0 M or higher would be viewed as extremely bullish and would provide the impetus to trigger off some very aggressive buying.

There are also possibility of fresh contracts to boost up VIVOCOMs order books.

Under such circumstances, the fundamental picture would turn very positive and alter the the entire price picture for the future.

In short, both the fundamentals and technicals of VIVOCOM remains solid.

We are actually in a 'calm before the storm' and when it strikes, like a twister-tornado would suck prices higher.

The best time to buy is now!

 

[johorphang]

End-Day Review & Analysis
VIVOCOM ended the day unchanged at 31.5 sen after a moderate volume of 35.08 M shares.

It was an evenly traded session with buyers parked firmly at 31.0 and sellers hovering around the 31.5 sen level

Underlying sentiment remains strong as bargain-hunting buyers
stayed persistent in their accumulation.

Light weekend profit-taking selling was seen in the noon session.

Price outlook next week remains positive. Daily trading range is expected to move higher into the 31.5-32.5 levels .

The Quantitative Algorithm signals end the day bullish and suggested further sideway to higher trading.

 

[johorphang]

https://m.youtube.com/watch?feature=youtu.be&v=dxuhGOkp-wo

 

[johorphang]

TA expert on why Vivocom is heading North! (4mins video): https://m.youtube.com/watch?v=KqUj9x_Fi9o

 

[johorphang]

Mid-Day Review & Analysis.

VIVOCOM saw the emergence of active buying-interests that lifted prices to it 1016-highs of 33.0 sens.

Traders were attracted to take up buying positions due to strong market expectations that it's Q1 PAT expected in a couple of days would far exceed all expectation.

Traders said that a profit number exceeding RM 17.8 million would be viewed as bullish and a figure exceeding RM18.3 would has a very significant bullish impact on near-term prices.

Volume was thin at 26.51 M shares.
Buyers were clearly the aggressors this morning
Having paid up and took 18.19 M shares from sellers asking prices.

As an Quantitative Algorithm Analyst, I am impressed by what I am seeing now as prices attempt to break into new-highs and uncharted territory.

The QA signals are in bullish divergence and showed that the underlying strength of VIVOCOM sufficiently strong enough propel prices into fresh territory very soon.

 

[johorphang]

Technical analysis experts recommend Vivocom: Up, up and away! https://m.youtube.com/watch?feature=youtu.be&v=dxuhGOkp-wo

 

[johorphang]

Business Today: Vivocom through a market strategist’s eyes http://116.0.120.83/~biztoday/vivocom-through-a-market-strategists-eyes/

 

[johorphang]

http://www.theedgemarkets.com/my/article/vivocom-unit-inks-hoa-rm90m-mixed-development-job-perak

 

[johorphang]

Vivocom announcement currently the most viewed story on The Edge.

Strong following is still there, so no need to panic.

What to be frightened when Vivocom fundamentals still soundly solid and none of the major shareholders are selling n getting out.

What to worry when Vivocom still strongly above 31c despite heavy sell down.

What to panic when all knee jerk selling well absorbed.

Sell down today precipitated by panic reaction to 1MDB default.

The selldown was most well contained n fully absorbed.

Vivo is the hottest stock in KLSE now. Not only that it's a GENTLEMAN STOCK.

A genuine investor stock, not pump n dump without fundamentals.

Vivocom buyers or investors or loyalists are ever ready.

Let's all join forces to defend together against syndicates or opportunists who want to profit by sabotaging our strong, steady n steadfast progress.

What to do now. Hold and buy at bargain levels from 30.5c to 31.5c now.

You won't see those bargain prices soon.