So far Mpesa bank has broken out of 7.50 resistance. Member has also today broken the sideways action stuck at 32 - 34 range. KCB broke out of 41 - 43 range weeks back. Centum has also smashed the 24/- roof. ARM has also broken above 70. BAT, BBK, SCBK and Bamburi pressing the roof.
NSE20 pending breakout as sideways action converges between 4750 - 4810. TA indicates upper bollinger band is set @4815 while the opposite is set @4774.
FTSE NSE15/25 indices have all surpassed last month's close hinting bullish intent.
The breakout is coming and likely direction as per above TA analysis is bullish...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!