VIVOCOM tested and inched above it 2016-high at 33.0 sens and closed at at 33.0 sens, up 0.015 from previously.
Total volume today was moderate 64.05 M shares.
Buyers were the aggressors today as they booked sellers on 64.3 % of today's trades.
With prices now at their best levels in 2016 and the effortless manner in which prices advanced, meaning low liquidity driven, traders were drawn into market today in anticipation of further advances in days to come.
The chart-picture is now significantly altered and look very constructive.
It points to the start of a new trading phase that would lift prices into fresh-highs to complete the highs of the third-wave at 37.0-38.0 sens levels.
This would be followed immediately by another spurt-up to establish the fourth-wave of the five-waves bullish trend at 44.0-46.0 sens levels.
The fifth-wave would very likely be accompanied by irrational exponential exuberance in price movements and that volatility would lift prices higher into 58.0-60.0 sens levels in the not too distance future.
The bullish fast-train is now on track and it makes no sense to sell or to take profits.
I for one would look to add on more positions.
At current price, not a single VIVOCOM investor or trader has any losses to show in their books.
Every investor is riding on very comfortable floating-profits.
Why sell? Savvy investors would ride the trend until its completion!
Meanwhile, the powerful and reliable Quantitative Algorithm trading signals are bullish and signaled that the upward rally has just begun.
The best is yet to come!
