Vivocom is a goner

Melting slowly again

Why???

Some speculators saying .... VIVOCOM backers are accumulating. But then who is selling? Retailers do not have such volume to drive prices down continuously for 1 whole week.

THINK!!!

I have no positions in VIVOCOM but had been observing it's price movements for a week.

1) Whoever is behind this stock is obviously more defensive than offensive. The traded volume and daily falling prices speak for itself. It exude no hints of a bullish stock. Bearish is the word.

2) As a rule of thumb, never try catching a falling knife. It can hurt real bad. Won't it be better to wait for some rebound activities before any entries or as some techies put it ..... Buy Signals?
What's the big differences if your entry price is 10sens off low? Price & volume relations is vital for a rebound buy signal. Either one MIA could mean VIVOCOM ain't going anywhere soon.

HAPPY TRADING & GOODLUCK!!!

Can rebound but nothing much. Downtrend looks stronger than uptrend.

In any stock markets .... Nothing is impossible

RainT ..... Muhibbah is going great guns and if this bullishness is consistent, what price will 5703 be 6 or 12 months down the road? Technicals is not crystal ball. Cannot see too far ahead.

Muhibbah Pivot Point R1 is 1.01 and R2 is 1.05

AbleGroup Trading Signals (Updated)

Moving Average (Short Term) BUY
Moving Average (Mid Term) BUY
Moving Average (Long Term) BUY
Ichimoku Kumo BUY
Bollinger Band BUY (Breakout)
RSI BUY
Stochastic BUY
Heikin-Ashi BUY
MACD BUY

Muhibbah Pivot Point (10 June 2020)

S1 S2 P R1 R2
Daily 0.89 0.925 0.97 1.01 1.05
Weekly 0.84 0.905 0.955 1.02 1.07

Muhibbah Updated Trading Signals

Moving Average (Short Term) BUY
Moving Average (Mid Term) BUY
Moving Average (Long Term) SELL
Ichimoku Kumo HOLD
Bollinger Band -
RSI BUY
Stochastic BUY
Heikin-Ashi BUY
MACD. SELL

I'll post it shortest possible. Read up on Muhibbah's latest financial reports and look through some technical chartings.
Then analyze carefully whether 5703 has more downside or upside potential.
Being an under valued stock, the answer is obvious.

Sorry uniteen ...... I did answer your questions hours ago but someone behind the scene deleted my reply.
I did not use any foul languages nor critized anyone in this forum.

I getting under your skin? Hahahaha

Someone behind the scene keeps deleting my postings. Wonder why???

Sorry Cheong25 ..... You missed the 0.94 boat ;)

value_invest ....... Tell me more tell me more:)

See my Muhibbah gap up opening? Volume will increase gradually.

My entry 0.92 last Friday :)

FKLI futures Trading Strategy

Traders may Short above 1580

Stop loss @1588

WTI CRUDE OIL RALLYING HARD, BUT HAS OBSTACLES IN THE WAY

WTI crude oil has been pretty much on a one-way path since bottoming in late April, but the path could get bumpier soon as confluent resistance stands in the way of the advance over the 40-mark >>> Refer to my last posting.

Oil is currently trading inside the March 9 Saudi gap that shook financial markets when they were already reeling from the coronavirus.

The gap is a rather significant hole that leaves a little more room to go before it is filled up to 41.51.

Not too far beyond that point is the June 2017 and December 2018 lows that are in almost exact alignment at 42.27/42.67, respectively. It appears likely there will be some kind of fight that develops around the 41.51/42.67 zone. It could come as quick as this week, but perhaps it takes a little longer if oil slows its roll until reaching for resistance.

From a tactical standpoint, fresh Longs don’t appear to hold good risk/reward while Shorts are still risky with oil trending higher and no significant resistance yet at hand.

That could soon change, where existing Longs are at risk of a decline developing, while Shorts gain the upper hand off resistance.

Obviously, Crude Oil Futures had intruded into a Resistance Zone. Profit takings are inevitable.

Good luck guys ;)

This is one for retirement benefits. My gloves counter profits will be parked in Muhibbah ;)

There must be a reason why Crude Oil Futures (CL= F) forward months prices are traded lower than present physical month prices.

Obviously oil traders are looking towards lower oil prices days, weeks or months ahead. This is the norm after a bullish spike. Inevitable profit takings will kick .

Stay alert ..... Do not get caught in the rain after the fireworks display are over. Darkness will fescend. Beware bros & sis ....

Happy Trading!

My take on ICON & CRUDE OIL .... With 6 weeks of upsides, crude had sneaked quietly into resistance zone.

Due to present euphoria, many investors are chasing O&G counters especially those darling stocks without realizing the dangers ahead. Technical profit taking is inevitable under this present scenario.

ICON (5255) has good fundamentals no doubt. But the chart technicalies is nothing to shout about.

Sorry if I offended anyone here but what you see is what you get.

Happy trading⛽⛽⛽

fogjan01 ... U r correct.
0.07 resistance was tested couple of times failed. For a successful breakout, huge trading volume will be needed before 0.07 can be taken out. Watch the trading volume from Monday onwards. It can happen anytime.

Good luck2all ;)

Fintec resistance is 0.07.
If breakout then .... SHOWTIME ;)

My Fintec entry @0.045
Sold 50% @0.065 yesterday
Still holding 50% and battling on with a 2sen profits buffer ;)

Every stock has it's trading characteristics. Focus up doesn't mean Fintec will follow suit.

Some suspicions Fintec is under UMA surveillance by Bursa. Fintec had been queried recently, yes?

Anyway big boys behind Fintec had been accumulating considerable volumes from sellers at 0.065 & 0.06 indirectly neutralizing those entries at 0.05 or lower. Obviously sending out warnings Take Profits Now or die standing later. Super volume were traded at 0.05 +/- last couple of days.

Fintec is not done yet.

hmmmm today's 2nd half trading gonna be interesting. Pray harder friends :)

Force selling + profit taking Gloves counters drove the klci lower by 6pts but Fintec remain very cool. Buyers still nibbling at 0.07 resistance. Poised to advance when contrarians are dead. Slowly but surely bro & sis ;)

Fintec will rise after morning session Force Selling for contrarians. After lunch trading buyers should be more aggressive.

Heavy resistance at 0.07 .... If can breakout today, then hitting 0.10 chances are very bright this week. KLSE looking bullish.

What is the recommended take profit target for this Fintec? My entry 0.045 and very nervous and tensed already.