Hmmm... I've just noticed that the index broke down 3270-77 level, but most of the bank stocks have not yet retraced their hopium gains... Not pretty this.
For 140 - 170/- the cluster reads ARM, bamburi, EABL, jubilee, NMG and soon stanchart... Interesting price clustering...
Coop will test 10 to settle down. If one bought in 2008 IPO that will be a round trip.
Will NBK be able to defend 20? If broken 15 should provide adequate support.
NIC had better defend 25.
Mumias may revisit sub 5 on the way to 3.60.
KPLC yet again supply test of 17/- coming - 3rd attempt.
KCB not looking good for this simba. 13/- is possible.
DTK @90 needs to hold or 80 will be tested.
CFC sub 40 will get me interested. @deal see u there...
Wow centum sub 14. I thought sub 16 was bad enough?!
Uchumi - this one trapped me for a looong time & I sold without a huff @14.20 after suspension. Sub 7 I'll get interest again.
Britank is a sub 5 candidate. @guru had stated by Dec it will be in the 4s levels. I still see scope of it testing sub 4s... At these levels it gets interesting with such overselling...
So let's see if NSE will closes above 3000 in Dec. Below that will lead to overselling bout in Q1 2012
Update...
KQ 25/- is resistance for the bounce. Next down trip aims 17.
Mpesa - having let go 2.90, 2009 low @2.55 is now possible. If broken, the few remaining wanjikus will be thrown under the bus. It would be sad to see sub 2s here like that paka!?