bakbak88

Vivocom Support area

Short
MYX:VIVOCOM   VIVOCOM INTL HOLDINGS BERHAD
Support area 1: 0.665
Support area 2: 0.50

Vivocom is a classical pump and dump stock.
Based on study from hourly chart, operator selling 50mil- 60mil shares each time for distribution during mark up stage on 2nd nov & 6th nov.
The stock price have a great selldown due to no demand of buying power at 23 nov 2020 3pm.

it is a good lesson to teach us, remember take profit when shooting star appear and do not listen TP Price. Always use TA to buy at support and sell resistance area
Comment: operator pump up again.. unpredictable operator.. this counter cant predict by using TA.
Comment: FIFO Resistance: 1.43

Comments

It seems like a Dead Cat Bounce. Possible that Monday may go up to 1.20 range before retrace?
Reply
bakbak88 Henry1118
@Henry1118, operator dump 30mil share at 4.15pm friday. this counter is TA unpredictable. but based on historical 1h chart, operator have dump 40mil share on 6 nov, 13 nov, 17 nov at 9am. You may need to monitor closely on by using lower time frame to play with.
Reply
Henry1118 bakbak88
@bakbak88, Agreed that need to use lower TF to monitor. Volume are rather high at last 2 trading days, but likely retailers chip in more to improve earlier position.
Reply
bakbak88 Henry1118
@Henry1118, u can try your luck on monday too. next immediate resistance 1.43. TAYOR
Reply
Henry1118 bakbak88
@bakbak88, Too risky to try luck. Thanks man.
Reply
Is vivocom make a real u-turn or just a trap?
Reply
bakbak88 tmncheku707
@tmncheku707, mostly likely ended up like gpacket
Reply
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