Earlier today the sell volume frequency was quite a bit higher than buy volume frequency
The buy/sell gap decreased after lunch. After hitting 1.69 low today, buying interest supported the counter until it reached 1.84 before selling continued until it closed at 1.74
Overall, the WAP is as above. Buy volume was 32M while sell volume was 35M (as said the sell volume was quite a bit bigger earlier today)
Vivocom rebounded from its intraday low of RM1.69 to close at RM1.74, down 9.4% from yesterday.
Active trading puts Vivocom the #6 most actively traded counter in terms of value today.
In fact, Vivocom was top twenty most actively traded counter in terms of value for 9 out of the past 10 trading days, and top ten for 16 out of the past 20 days.
This confirmed my research published on 19 Nov 2020, indicating that interests in Vivocom remains incredibly high and liquidity is plentiful.
With high interests and liquidity comes tight spread, fierce competition and volatility.
Volatility is part and parcel of the game. Like I have previously mentioned: the market is always right.
The market is saying something right now whereby a pattern is emerging from the past 3 weeks of trading in Vivocom’s shares.
Vivocom’s share price goes into slight retracement for every Friday for the past 3 weeks like a clockwork.
First Friday (6 Nov): 30 cents range, down 6.5%
Second Friday (13 Nov): 18 cents range, down 3.2%
Third Friday (20 Nov): 25 cents range, down 9.4%
After each retracement, the stock would rebound strongly and almost faithfully the following week without fail.
Perhaps the same will follow suit next week? We shall see then, won’t we.
I have mentioned this in my earlier afternoon report and I would like to do so again as it’s a most pertinent issue.
Whether Vivocom is another Pump & Dump (P&D) play as rumours swirl widely in the market alleging that it is and that its price is going to be dump soon like any P&D counter.
This has caused investors to rightly be nervous and anxious that the price might actually plummet soon and hence prompted many to sell and lock in their profits.
I beg to differ however. From my close monitoring and analysis on Vivocom's trade velocity and its recent’s announcement of a 3 year moratorium on the new owner’s shares, I’m very bullish about Vivocom’s share price.
The moratorium has essentially remove a big chunk of shares from the supply side. I estimated only 150 to 200 million shares in circulation n actively traded
Only ~150/200 million also not enough shares to meet the huge demand for Vivocom’s shares due to pure momentum trading.
Shares under moratorium how to dump la. The logic doesn’t make sense.
Given time, once the public know that Vivocom is not a P&D stock, it will shoot up like a rocket again.
Investors are new to the concept of self-imposed moratorium as it is unprecedented in KLSE.
Share price is all about demand vs supply. As illustrated in my research paper, we can see the demand for Vivocom’s share is HUGE and we are only in the third week of the rally.
When the supply is scarce and limited while the demand is so huge and overwhelming, the share price will only move in one direction, which is up.
Give Vivocom some time to prove itself to everybody.
Once investors see that Vivocom’s share price won’t collapse due to the limited supply of shares and huge demand for the shares, then they will buy into Vivocom’s shares, engendering the kind of unstoppable momentum that allows it to rocket back to prices at RM2.30, then RM3.00 and RM3.60.
At current price, the upside is more than 100% when the share price goes to RM3.60, while the support level is at RM1.70. The risk vs reward ratio is skewed favourably towards investors' side.
Seejovin only existed 26 days ago to tell newbies to buy vivo. Those newbies believe and take loan or ahlong debt to buy vivo shares. Later vivo crash seejovin will go missing
ViVOcom goreng counter.... it will be sideway for weeks or month before syndicate come and goreng Again.
Unlike CyPark......Samaiden....who have reply UMA that they doing renewal energy solar.. This is call fundamental news..
GETS kena UMA....got fundamental news? somemore 3X UMA and finally BURSA have to issue Warning Bulletin on GETS, then only the Share stop flying and now macam CRAB walking.
ViVocom....until now...no fundamental news.. Obviously it is goreng stock lo.... ViVo after LimitUp ONCE.....then macam CRAB walking tak tentu arah..
VivoCom macam GETS lah....but small ikan bilis as compare to GETS.
GETS goreng with Bola Besar...3X UMA...tak peduli...terus jalan....... LimitUp 2 days in a row and 3rd Day Price Freeze pun price sama.. Next day...Harga pun melompat juga... But when BURSA issue Warning Bulletin...then macam kena gari la.
purely base on demand & supply, has no strong basis of sustainability in the long run. This is just temporary basis. Newbies should take precautions on this stock. Don't simply jump in & lure by the high TP that plunge from the sky.
very true that seejovin account is only created for vivocom purpose (1st post on 6/Nov/2020). The person behind do not want to reveal his/her real identity to avoid backfire when share price collapse, which the day will come eventually. But let's follow the trend
The syndicate already collected millions of shares when it was hovering around 0.02. And now they are slowly throwing it to newbies and play back some shares it make it interesting. They cant throw all at the sme time to avoid price dip. They do it slowly until they sold all their shares. Seriously they are going to be new billionaires with this scam movement
Believe it or not, the one behind the surge is from Hong Kong China, one of those market with the highest volatility in the world, if you have dabbled there before.
Hence the puzzling rocket rise recently. But Vivocom's surge is nothing compared to those top level quantum rise there, although congratulations to the Chia brothers by having connection to these syndicates! All is according to plan, everything is a lesson, there is no safety net - quote from the Cassiopaeans.
Yes...Monday will test again but for chances of going lower is far greater than going up...
If Syndicate slowly disposing mean all trapped will be "believer" and "paper losses investor".
I am sure after Syndicate disposal.....the price for VivoCom will stay sideways for weeks...months....before Syndicate will come Goreng Tomyum pedas pedas.
Afterall..Syndicate need to cari makan lo.. and Also if EPF 10% Account 1 really get off the ground start December.
who else so good let retailers to make profit everyday ... as and when retailers start over confident and in maniac stage, the tragedy begins....beware looooooooo
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Siva68
1,858 posts
Posted by Siva68 > 2020-11-20 17:00 | Report Abuse
Gtx, how did you do it?
Please share.