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2020-11-20 16:17 | Report Abuse
Forwarded:
Nov 20th: Vivocom Morning Session closed $1.78 with volume 36.5m.
After 3 weeks super bull rally, it’s normal to see heavy profits taking by short term market players.
This has slowed the rally down somewhat but essentially it’s a very healthy retracement as the uptrend is still solidly in tact and the Bulls are still in overwhelming command.
Below are my Technical analysis that Vivocom will likely enter a correction phase before staging an even stronger and more powerful rebound.
1. EW Trading Methodology ( Picture 1)
A) Extended wave 5 no longer valid as the price move down to break $1.80, resulting in Elliot wave directional change,
B) Vivocom has entered back in to wave 4 correction (bigger) and, the wave 4 target is $1.78 and $1.62, which is 23.6% and 38.2% of wave 3 respectively.
C) I am monitoring a new wave structure emerging, a typical case is we should have internal wave ABC correction taking shape but not fully confirmed yet.
D) We are in now Wave 4 of 3 development, which means that the overall longer term big trend is still bullish and medium trend is currently in correction.
E) The wave 5 of 3 will resume right after it crosses $2.05 based on current price structure, and the target for wave 3/5 is $2.40/$2.70.
2. Candle stick trading methodology ( Picture2 ).
A.Yesterday forming doji star which is indecision and the direction will give clear direction by today candle, if today candle close big red and this is an indication of the bull slowing down and entering a most healthy correction phase setting the stage for next sharper n more convincing n massive bull rally.
B.After the correction is over, I believe Vivocom will resume next bull rally to cross $2.00 with conviction and determination before storming upwards onto much higher price levels.
C) I will monitor the present correction phase and will keep my readers posted.
Steady your nerves guys as Vivocom The Surging SuperBull is still very much alive and fearless. Prepping itself for a more aggressive spurt up North sooner than you know.
2020-11-20 14:17 | Report Abuse
If you look at Seejovin's chart, he predicted the price to be 1.41 next week, then only it will gain momentum upwards
2020-11-20 13:06 | Report Abuse
and then who is this See Jovin? any previous blogs on other stocks?
2020-11-20 12:58 | Report Abuse
wah... fake seejovin account with an extra n
2020-11-20 12:47 | Report Abuse
if it doesn't reach at least 2.4, Mr Bursa can close his FB page already
2020-11-20 12:27 | Report Abuse
How about Mr Bursa from FB? Insider also?
Stock: [JFTECH]: JF TECHNOLOGY BHD
2021-02-03 11:15 | Report Abuse
hope warrant can end high this afternoon