Don’t panic. The big players accumulate more qty at lower price. That’s why they corner the price to go up. Once rebound it will be very fast. If you have holding power then same tactics to accumulate n average your price n qty.
The lowest price after the double LD corrections was 0.64 on 26th Nov. This time, it won't go that level as everytime the stock retreated, it finds a higher support level. I am no chartists but believe in the company. It will rebound and the next level will be higher.
There will be continuous profit taking ftom time to time but the new low will be higher than the previous low. This is how the stock finds its support level as it ascends and become a higher value shares. If investors know how to timed their entry and exit according to the ups and downs of the prices, they can make handsome profits just playing this counter but not many dares to invest in such way. However, this is my observations and it can be a darling stock to some. Good luck and TAYOR.
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.
Slp untung masa masuk harga hampir limit down hari tu,saya terus buang vivicom dari senarai bila ia cecah rm 1 sebab itu harga yg terlampau tinggi.Skg masuk balik waran sebab harga yg dikira patut bila mother cecah bawah 80 sen pagi tadi.Harapan utk rebound agak cerah.
Those who played contra are caught big time as they think Vivocom will climb back up after 3 days of continuous downtrend. This time, the operators are probably holding it down a bit longer to flush out these contra players to teach them a lesson on trying to jump onto the bandwagon without any intentions to invest in the shares.
Those who are able to hold, just hold on to it, unless you want to cut loss but for investors who are in the long haul, you may want to sit at the sideline with your investment and wait until the coast is clear before it goes up again. If unsure and think the naysayers are correct, then cut loss to keep your peace of mind. Come back to ride the wave another time.
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.
Still catching the falling knife ? Don't ever try to average down your investment especially those goreng stock, once the music stopped, the prices would definitely stay low for many years. Look at the previous goreng stocks like Anzo, AT, Mlab, Digista, PDZ and Vsolar.
Kaunter goreng macam ni kita hanya perlu main 3 atau 4 hari saja bukannya utk jangka panjang.Apa2 berlaku dalam tempoh tersebut mesti jual dan jgn cuba2 utk hold.
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....
Onggal
763 posts
Posted by Onggal > 2020-12-08 11:35 | Report Abuse
Don’t panic. The big players accumulate more qty at lower price. That’s why they corner the price to go up. Once rebound it will be very fast.
If you have holding power then same tactics to accumulate n average your price n qty.