Author: StallionInvestment | Publish date: Sun, 29 May 2016, 03:10 PM
VIVOCOM:
Latest hot stock which has huge coverage from many research house as well as catch the eyes ball of investors or traders. So, VIVOCOM, previously was called as INSTACO. Previously many investors and traders bet on they will be getting TELCO tower project in Sabah/ Sarawak. End up it does not meet the expectation of investor and continued making losses and those major shareholders was aggressive selling their stock in hand. End up minority shareholders get burn or become long term investor. Thank god, it has transform become a giant construction arm and rename as VIVOCOM. Many project has been awarded to them. There is still more potential project for VIVOCOM to bid and chances secure those project is high. What make them worry the most is investors always believe a good stock will speak by itself. A hardcore and aggressive marketing approach make them doubtful what is the intention behind all this. I dunno and I don’t want to speculate on this.
Let look from the perspective of chart wise, a reversal signal was shown as of last Friday closing. Those who has followed by telegram I said a better support will be find at 0.29 and it went down to 0.28 and from there it started to rebound. So, I am lucky to predict correctly by closely monitor the market sentiment and behavior of price movement. This rebound will come to a critical level at 0.33 which is the level to decide whether the momentum can be sustain. If we look at weekly chart, it already show us that current stage is on correction phase. So, it will be choopy market and there is many players in this counter. We have Intraday Trader, Contra Player, Swing Trader, Position trader, mid term Investor, FA Investors, operators, gamblers. So many type of people in this counter. Will it make you easy to interpret the market sentiment when you sitting on the table when everyone aim to make money from your pocket. It will be win win situation as long price keep on going up higher. From one pocket to another pocket, as long good news keep on release. But good news release and project secure does not mean profit into pocket, Many thing can be happen in between such as terminate contract, accident and etc.
Let look at weekly chart, there is long tail on 19 weeks May 2016 follow by 2 black candlestick. So, this tell us overall is still a bearish trend. MFI also indicate sign of weakness and outflow of hot money. Same go for MACD and RSI hit overbought level. So, what gonna happen no one can tell, best is your price volume action on real time basic to guide us through. So, for this moment, daily chart show reversal signal, crucial resistance peg at the region of 0.33-0.34. The trend should be carry on if able to breakout 0.34 level with good volume bar. So, for the time being, it can be classified as range trade till everything is clear. This is my 2 cent opinion.
Trading Investment (TI)
Trade with wisdom ;
House of Happiness;
SMART MONEY ;
TREND FOLLOWER
Stay Tune and follow https://telegram.me/tistock
Disclaimer: Above information obtain at the best available source of information. Any inaccurate information, writer should not held any responsibility due to investment losses arise from above article. It does not solicit buy or sell call on the stock, it merely for educational sharing purpose. Kindly consult your investment broker pertaining any investment decision.
Latest hot stock which has huge coverage from many research house as well as catch the eyes ball of investors or traders. So, VIVOCOM, previously was called as INSTACO. Previously many investors and traders bet on they will be getting TELCO tower project in Sabah/ Sarawak. End up it does not meet the expectation of investor and continued making losses and those major shareholders was aggressive selling their stock in hand. End up minority shareholders get burn or become long term investor. Thank god, it has transform become a giant construction arm and rename as VIVOCOM. Many project has been awarded to them. There is still more potential project for VIVOCOM to bid and chances secure those project is high. What make them worry the most is investors always believe a good stock will speak by itself. A hardcore and aggressive marketing approach make them doubtful what is the intention behind all this. I dunno and I don’t want to speculate on this.
Let look from the perspective of chart wise, a reversal signal was shown as of last Friday closing. Those who has followed by telegram I said a better support will be find at 0.29 and it went down to 0.28 and from there it started to rebound. So, I am lucky to predict correctly by closely monitor the market sentiment and behavior of price movement. This rebound will come to a critical level at 0.33 which is the level to decide whether the momentum can be sustain. If we look at weekly chart, it already show us that current stage is on correction phase. So, it will be choopy market and there is many players in this counter. We have Intraday Trader, Contra Player, Swing Trader, Position trader, mid term Investor, FA Investors, operators, gamblers. So many type of people in this counter. Will it make you easy to interpret the market sentiment when you sitting on the table when everyone aim to make money from your pocket. It will be win win situation as long price keep on going up higher. From one pocket to another pocket, as long good news keep on release. But good news release and project secure does not mean profit into pocket, Many thing can be happen in between such as terminate contract, accident and etc.
Let look at weekly chart, there is long tail on 19 weeks May 2016 follow by 2 black candlestick. So, this tell us overall is still a bearish trend. MFI also indicate sign of weakness and outflow of hot money. Same go for MACD and RSI hit overbought level. So, what gonna happen no one can tell, best is your price volume action on real time basic to guide us through. So, for this moment, daily chart show reversal signal, crucial resistance peg at the region of 0.33-0.34. The trend should be carry on if able to breakout 0.34 level with good volume bar. So, for the time being, it can be classified as range trade till everything is clear. This is my 2 cent opinion.
Trading Investment (TI)
Trade with wisdom ;
House of Happiness;
SMART MONEY ;
TREND FOLLOWER
Stay Tune and follow https://telegram.me/tistock
Disclaimer: Above information obtain at the best available source of information. Any inaccurate information, writer should not held any responsibility due to investment losses arise from above article. It does not solicit buy or sell call on the stock, it merely for educational sharing purpose. Kindly consult your investment broker pertaining any investment decision.
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