Yep ! the nse is mauling us left right ans center but when you look at the above 3 year chart (the orange one ) we can see that the nse has fallen and now is close to the sloping trendline at point be . i expect a rally towards point A when the index bounces of the point b .You can also see on the chart that on numerous occasions the trendline has provided support to the index on numerous times as shown by the arrows.. ...we are very over sold on the rsi and macd and a relief rally is on the cards.More so a rally in on the cards because we are at the 3k psychological mark and near the 32.8% fib level of the 2010 bull rally.also note that the 10 year trendline is at the psychological 3k mark . lending more support to the index..am bullish on the short term..
so all in all if i were to play this market i and the coming rally i would pick stocks that look also pretty oversold and am sure we would easily return >20% with the correction rally.


Happy trading , folks !

Name 3 oversold stocks.

but you have to be careful which stocks to pick coz NOT all stocks will rally with the anticipated correction !!!!

My observation is that the low volumes are coming from strained kenyans and are about to dry up.

Spoken like the one true @QW!!