Instaco (0069)

[johorphang]

End-Day Review & Analysis 11 July

VIVOCOM rebounded strongly on fresh retail and speculative buying and settled the day at its best level in 9-days.

Prices advanced to close 1.5 sen higher at 25.5 after having ranged from 24.0 to 26.0 sens.

Volume was 30.18 M shares with buyers going on the offensive by booking sellers on 80.7%
of the trades.

VIVOCOM is now on a bullish-rally mode.
The very powerful trend -tracker Quantitative Algorithm has given the buy-signal after being stuck in sell-mode for the last eight weeks.

This is confirmation of the fact that prices have finally reached their decline-lows and are now poised for a very meaningful technical recovery.

This is a very significant and powerful indication that this stock has entered into a trend-reversal phase and has room for further upside recovery.

The big question now is What is next?

Technical traders would normally want to seize the moment to enter into position around the 25.0-26.0 levels in anticipation of prices moving into the 28.0-29.5 levels in the immediate term.

The Quantitative Algorithm signal is in bullish-divergence and called for more price upside in days ahead.

 

[botak26]

timeframe prediction?

 

[johorphang]

http://www.thestar.com.my/business/business-news/2016/07/12/vivocom-proposes-1-for-4-bonus-issue/
http://www.bernama.com/bernama/v8/bm/bu/newsbusiness.php?id=1262506

 

[kudut]

http://www.thestar.com.my/business/business-news/2016/07/12/vivocom-proposes-1-for-4-bonus-issue/
http://www.bernama.com/bernama/v8/bm/bu/newsbusiness.php?id=1262506

paidpaidpaid

 

[johorphang]

Mid-Day Review & Analysis 13 July

VIVOCOM is in bullish mode...

VIVOCOM rose in early trading on heavy investors buying spurred by the one-for-four bonus issue news.

Prices hit a high at 27.0 and ended the morning at 25.5 sen, unchanged from previously.

Volume jumped to its best in eight-days at 64.2 3 M shares.

Trades were centered at the 26.0-26.5 levels where 61.7 M shares changed books.

Heavy profit-taking selling occurred through out the morning session, but buyers aggressive buying managed easily to mop up all the impatient selling.

Based strictly on chart projection, VIVOCOM next upside price-target is seen at the 28.5-29.5 levels.

The Quantitative Algorithm signal is now on buy-mode and is suggesting that the bullish-rally would expand.

 

[johorphang]

End-Day Review & Analysis 13 July

VIVOCOM bullish price momentum sustainable...

VIVOCOM remained firm in the noon session and trended higher following a late wave of strong buying to close at a nineteen-day high of 27.0, up 1.5 sen from previously.

Today's large volume of 79.19 M shares was the highest last seen in mid-May 2016.

News of the bonus issue and general expectation of an attractive 2Q PAT number attracted many investors to jump back into the bandwagon.

Today's performances is technically viewed as a very constructive chart development.
And is considered as a classical case of price and volume breakout confirmation.

Prices closed at their 19-day and recovery-highs and volume surged to their three-month high today. (please see chart).

Forward looking, prices are expected to move higher in a gradual manner to initially test the 28.5-29.5 levels.

When these overhead resistance are successfully vaulted, we are expecting prices to extend on its upward bullish momentum, perhaps to retest the 31.5-32.5 levels before the 2Q results.

The very reliable Quantitative Algorithm trend-tracker is now calling a screaming-buy, a clear indication that the upward trend would persist.

 

[johorphang]

http://www.thestar.com.my/business/...cimb-research-neutral-on-vivocom-bonus-issue/

 

[johorphang]

End-Day Review & Analysis 14 July

VIVOCOM finished the day one sen lower after lackluster trading on very light selling volume n mild profit taking activities.

Total volume for the day dropped to 15.60 M shares from 79.19 M shares a day earlier.

The bulk of today's trades were at 26.5 sen where 9.35 M shares were traded.

Buyers was the aggressor, taking sellers on 6.41 M shares and sellers gave 2.73 M shares to buyers.

Trade Distribution volume . Buyers took sellers 50.7%. Sellers gave buyers 49.3%.

Volume distribution shows that buyers were the aggressors taking sellers on 7.48 M shares.

With sellers now reserved following news of the impending share bonus issue and fresh buying-interests developing, prices are seen to be in a consolidation phase.

The Quantitative Algorithm signal are still in bullish divergence and indicated that the upward trend is intact.

 

[johorphang]

Mid-Day Review & Analysis 15 July

VIVOCOM traded in thin volume in the morning session with prices caught within the confines of yesterday's range of 27.0-26.0 sens and settled unchanged at 26.0 sens.

Total volume was low at 13.75 M shares.
Sellers appeared to be on the offensive due to weekend book-squaring activities, giving 54.2 % of total trades to buyers.

Much of the morning volume was centered at 26.5 sens where 11.45 M shares changed hands.
Volume Distribution was quiet even with sellers giving 6.13 M shares to buyers and buyers took 5.31 M shares from sellers.

At this stage of the upward trend, there are some important technical developments that traders and investors need to monitor.

Volume over last one-and-a-half days has dropped drastically compared to the extremely high volume of 79.19 M shares of 13 July

This glaring technical setting is actually telling us some very vital trading information if we take the trouble to look at it.

Since the news of the Bonus Issue, prices advanced with high volume. It was case of speculators taking small profits while the smart-money took the opposite side.

The present low-volume scenario is clear evidence that the short-term profit-taking has ended and now traders are not keen to sell in anticipation of higher values ahead of the Bonus Issue and 2Q results.

The Quantitative Algorithm signal remains in positive divergence and indicated the upward cycle is still very much intact.

 

[johorphang]

End-Day Review & Analysis 15 July

VIVOCOM rebounded from an intra-day low of 25.5 following a small wave of liquidation selling and closed the week firm and unchanged at 26.0 sens.

Total volume for the day increased marginally to 32.58 M shares.

Overall volume distribution shows that sellers were the more aggressive lot, giving 67.8% of total trades to buyers.

Bulk of today's volume were done from 26.0-26.5 levels with a minor volume of 29.6 M shares.

Prices consolidation is expected to continue into early trading next week where the prospects of a price hike is probable.

The Quantitative Algorithm signal ended the week constructive and shows that the upward momentum is strong.