Wazua
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Market will up this week/20_25 april
Rank: Member Joined: 9/18/2008 Posts: 27
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@Eli. Ok I see your specific predictions below....
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Rank: Member Joined: 1/8/2007 Posts: 10
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Technical Analysis:
The highest turnover counters today as of 1:00 Pm ie EABL,Nation and KCB are trading above their 20day moving average on the 6 months chart for the last two to three days.
Equity is the only other counter that has high turnover but is below its 20 day Moving average of same period but above its 5 day moving average and good support just above 13.
Conclusion:
This generally means that the market is consolidating before a sharp upside. The Nse generally does not adhere to technical fundamentals though. To be informed is to be armed!
Raheel
Raheel
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Rank: Member Joined: 7/3/2008 Posts: 23
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As of tuesday 21th scom traded 10m shares worth kes32m.
Also equity traded 5m shares translating to 500,000 units pre_split worth a massive kes 50m
The question is who ever is selling could be selling at a loss or could it be the likes of JM of this world? and who are the monied buying? Could it be retail selling other counters to buy EQ?
What is the future of the famous designer stock with its much hyped acquisition spree immidiately after listing.
Do not fall in love to a stock
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Rank: Member Joined: 7/3/2008 Posts: 23
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As of tuesday 21th scom traded 10m shares worth kes32m.
Also equity traded 5m shares translating to 500,000 units pre_split worth a massive kes 50m
The question is who ever is selling could be selling at a loss or could it be the likes of JM of this world? and who are the monied buying? Could it be retail selling other counters to buy EQ?
What is the future of the famous designer stock with its much hyped acquisition spree immidiately after listing.
Do not fall in love to a stock
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Wazua
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Market will up this week/20_25 april
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