Look at this dog jovin. He is not dare to post here but other place. Hahahaha


VV closed today at 82c, down 2.5c (2.96%) with 10.54M volume.

As per our usual pattern, VV closed lower on Friday with 4th lowest volume ever for past 50 sessions since our MM started.

Despite today’s buy rate at 43%, and negative money flow of RM1.22M, VV has been dropping for 3 sessions consecutively now and I can see that the selling pressure has dried up.

There are some traders collecting at this level. In my estimation, outside traders have collected at least 8-10 million shares at ~85c average price.

Today’s low (81c) is higher than yesterday’s low (80.5c).

All of the above tells me that our shareholders now are mostly buy and hold players and are very patient about the drop.

They are not overreacting and they are all pricing in that this is the new natural support level.

I believe that VV will trade around this level (82-84c) while traders wait for market sentiment to improve.

Once market sentiment improves, VV will resume its uptrend.

We should see VV hitting RM1.15 in the next leg upwards.