Most people would agree that this is a Pure Momentum play counter. On a positive side, it draws a lot of masses, liquidity and buying interest and present a great opportunity to make money, if you timed it right.
Important Point that i have to make in advance .... Everyone should know and understand the rule of trading .... "TAYOR", Trade At Your Own Risk. Don't blame anyone if you lose money, neither do you need to reward anyone here if you make money.
I have done some analysis and noticed that there is a huge similarity between the current revival rally and the initial rally which started from 2nd Nov. The price movement is also pretty similar.
1st Initial Rally
The price soared from a low of 46c (2nd Nov) to a high of RM1.07 (5th Nov). On 6th Nov, there is a slight correction which brings the price down to closed at RM1. Thereafter, it staged a strong REBOUNG for the next CONSECUTIVE 6 DAYS (9th Nov to 16th Nov) to closed at a high of RM1.95.
Current Revival Rally
Started on the 26th Nov at a low of 64c, the counter was aggressively bought up to closed at 80.5c for the day. It then continued its rally for the next 2 days (27th and 30th Nov) closing at a high of RM1.14, with 3 days of continuous gap up opening (which is similar to the 1st rally). A mild and expected profit taking correction happened today, with price retracing slightly back to RM1.06 at closing.
If you do see the similarities that i am seeing, we can possibly .... yes ... i said possibly .... look forward to a strong REBOUND in the following days to come, possibly testing / breaking the previous high again, starting from tomorrow.
This is just my personal opinion and belief. As always, TAYOR.
Everyday is T3 for somebody bro!!!There's healthy profit taking going on so Slow and Steady.As for 0.95 I seriously doubt it but I obviously like everyone don't know! I just hope it moves upwards! Lol!
@hotstuff everyone has different risk appetite , discipline , strategy . I've made some nice nasi lemak money in this counter and the same cant be said to you, you got burned here when it limit down 2 days . As for me if the price doesnt go down to my entry target i will just wait if prove keep move upward i will reconsider to enter at different price point. Of course you are crying for the price to go back to 1.80-2.00 because you got penthouse and serve you right that is your karma for trying to create fear at other counter
I only came across vivo when it limit down twice. poor kid like you always make penny for nasi lemak la, KFC la. I advice you better make more cash from elsewhere before you come to stock market
I will buy on breakout at 1.23 or retracement 0.90. for now better wait and see.
@hotstuff stop lying , you can twist your words or lie but everyone remember during the day when vivocom collapsed from peak 2.03 to 0.80 you were desperately asking everyone to buy/hold saying it will rebound from 1.80 to 1.50 to 1.30.
You were desperately promoting asking people to average down, imagine those people who average down at 1.50 and 1.30? Stop acting like some stock market guru and expert.
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....
Stockisnotfun
5,143 posts
Posted by Stockisnotfun > 2020-12-01 22:53 | Report Abuse
My bottom suddenly feels windy and cool. Oh no I just lost my underwear haha