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End-Day Review & Analysis 1 Aug 2016

VIVOCOM performed brilliantly following its price and volume break-out with an impressive upward-thrust to close the day at its rally-highs of 29.0, up 1.5 sens from previously.

Renewed buy-interests and bullish enthusiasm linked to ideas and market-talk that VIVOCOM prices are extremely under valued based on the improving fundamentals and technicals, helped stimulated fresh investors interests.

Today's volume of 69.09 M shares is the highest in eight days.

Volume Distribution analysis shows that buyers were the aggressors today as they booked sellers on 63.3% of the total trades.

A higher-than-normal volume accompanied by an upward price break-out from its technical "descending- triangle' configuration is a very constructive development that calls for more advances in the coming sessions.

Today's close at the upper tail-end of the trading range at 29.0 sen is a positive signal that all eager profit-taking selling volume were fully absorbed.

Traders may find it difficult to enter buying trades if they were to bargain too hard especially on this up and running stock.

In these kind of scenario, I would always book the sellers offer price.

The big-question confronting traders and investors now is this :

What's Next?

My technical crystal-ball is pointing to an immediate price-target at 34.5-35.5 levels for the very short-term.

In the intermediate term, the prospects of prices trending higher to re-test and punching above its historical-highs at the 37.0 sens and establish new historical-high are very real now. Pls see chart.

The very effective Quantitative Algorithm trading signal ended the day with its 'screaming-buy' call intact and suggested further price advances in sessions ahead.

Any student of market analysis would conclude after looking at the closing today that this bullish rally would sustain and expand.

Below 30c is still a safe bet!

QA on screaming buy mode
 
Mid-Day Review & Analysis 2 Aug

VIVOCOM fluctuated on a wide 1.5 sen range and closed the morning at 28.0 off 1 sen from previously.

Light profit-taking selling and stale-long unwinding aided in dampening the positive underlying.

Prices trended from
29.0 to 27.5 sen on a very low volume of 27.76 M shares.

Review of the volume distribution shows that trading was quiet balanced this morning with buyers taking sellers on 50.4% of the trades.

Technically, we are
witnessing a minor pause following yesterday volume and price breakout.

This situation would likely be short-lived before the fresh bullish momentum returns and lift prices off from the 27.5-28.5 levels.

The Quantitative Algorithm is still in positive mode and indicated that the underlying strength of VIVOCOM is still intact,
 
Quantitative Algorithm still constructive as today weaker sentiment just a temporary phenomenon n small retracement presents opportunity to collect.

VIVOCOM End-Day Review & Analysis
2 Aug
VIVOCOM takes a small breather....

VIVOCOM finished the day fractionally lower after being caught in tight band trading the entire day.
Prices settled one sen lower at 28.0 sen after a very late-wave of moderately active selling.

Very light profit-taking selling and some stale-bull liquidation has caused prices to stagnate.

Despite the moderately active selling, buyers easily absorbed all selling pressure today.

Total volume dwindled to 44.89 M shares compared to 69.09 M shares a day ago.

Sellers were seen to be the aggressors when they booked buyers on 64.1% of today's trades.

With trades having traded from 27.5 to 29.0 level, much of the trades were centred at 28.0-28.5 levels where 42.57 M shares changed hands.

The current technical setting continues to show that the upward price momentum is still intact and prices has more room to move on the upside.

The penetration of the 28.5-29.5 resistance level in the next few sessions would signal the resumption of the upward rally.
Meanwhile, the Quantitative Algorithm signal stayed in bullish-divergence at close and indicated that the bullish cycle has not ended yet.
 
Mid-Day Review & Analysis 4 Aug

VIVOCOM closed the morning session slightly higher after light trading and settled at 28.0 Sen, up half a sen from previously.

Total volume stood at 13.93 M shares with trades centred at 28.0 sen where 13.75 M shares changed hands.

We are now seeing some bargain-hunting buying after a mild rebound after yesterday's weakness.
The 27.5-27.0 levels remains an important chart-support for the immediate term.
The overall trend and sentiment is expected to stay constructive as long as these technical-base are not violated.

The Quantitative Algorithm signal finished the morning positive and indicated that the upward momentum has returned.
 
End-Review & Analysis 4 Aug

VIVOCOM finished the day half a sen higher at 28.0 sens after very quiet trading ahead of its 2Q profits results due for release later this month.

Prices found buying-support at 27.5 and ranged traded from 27.5 to 28.5 sens.

Daily volume declined to 17.97 M shares with sellers taking buyer's bids on 61.6% of today's transactions.

Technically, the manner in which prices held itself on moderately low volume over the last three days around the 29.0 to 27.0 levels is indication of the firm and solid underlying strength of VIVOCOM.

From a quantitative algorithm perspective, it now appears that traders and investors are awaiting fresh bullish impetus and incentives to jump into market.

One strong incentive that could trigger this action would be prices breaking above the most-recent rally highs of 29.5 sens.

The Quantitative Algorithm signal ended mildly bullish and confirmed that the positive upward momentum is still intact.
http://www.businesstoday.net.my/viv...rising-star-that-continues-to-shine-brightly/
 
Mid-Day Review & Analysis 5 Aug

VIVOCOM opened higher on news of a fresh RM 756 million project in Tronoh, Perak, but the move fizzled as fast as it started on renewed selling from stale-bull liquidation and profit-taking activities and finally ended the morning at 28.5, up half a sen from previously.

Trades ranged from 29.0 to 28.0 on a moderate volume of 28.40 M shares.

Majority of the trades were executed at 28.5 where 15.76 M shares changed hand with sellers throwing down to buyers 10.79 M shares.
At 28.5 sens, 9.80 M shares were traded with sellers giving to buyers 9.35 M shares.

Sellers clearly took the offensive role the entire morning and they gave 70.90 % of total trades to buyers bids.

The icy-reception to the bullish news and general ideas among traders that it was a non-event, encourage them to unwind positions.

The noon session would provide fresh clues as to direction of the immediate price trend.
We have to see if the bulls could display a more bullish character in view of the latest positive fundamentals.

The Quantitative Algorithm signal remained in positive divergence at close and signaledfurther sideways to higher trading.
 
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