VIVOCOM is in bullish mode...
VIVOCOM rose in early trading on heavy investors buying spurred by the one-for-four bonus issue news.
Prices hit a high at 27.0 and ended the morning at 25.5 sen, unchanged from previously.
Volume jumped to its best in eight-days at 64.2 3 M shares.
Trades were centered at the 26.0-26.5 levels where 61.7 M shares changed books.
Heavy profit-taking selling occurred through out the morning session, but buyers aggressive buying managed easily to mop up all the impatient selling.
Based strictly on chart projection, VIVOCOM next upside price-target is seen at the 28.5-29.5 levels.
The Quantitative Algorithm signal is now on buy-mode and is suggesting that the bullish-rally would expand.



