KCB, Mpesa bank, EABL, Uchumi and Equity are the top 5 turnover movers today. So far the big 3 (KCB, Mpesa bank and EABL) have pulled back and are now gearing for the next bull move.
I've also pointed out today a number of counters that are pending breakout moves. The complete list has 10 counters with expected price movement in brackets. Of interest is MSC, uchumi and CFCI since they have been seeing a lot of volume of late. Uchumi is sitting a the top of its range. If it fails to break above a double top will form and the reversal will be very nasty as profit taking ensues. CFCI has been getting a lot of volume, but the price has just stagnanted (accumulation). Same case with MSC, but its tech signals are mixed on the expected direction.
Keep an eye on these counters for the expected large moves.
KK (bear), KQ (,bear), MSC (neutral) Uchumi (bull), Carbacid (bull), TOTL (bear), CFCI (bull), C.Berger (bull), Kapchorua (neutral), WTK (neutral)
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!