Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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mwekez@ji wrote:cnn wrote:hisah wrote:Ericsson wrote:When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out I've noted this too. Happens during distribution (selling) or accumulation (buying). But above 45 bulls are in control. I expected mr market to take a breather after the westgate event, but gravity is being defied 
I've been keenly watching EABL since results release apart from mpesa bank to confirm if a proper selloff was in the cards. But with EABL bulls defending 270-280 major support level on bad results, the intension was clear. Don't be surprised to see EABL race again back to 400 and higher! 270-280 level was a reload point. A bralirwa like rally is shaping up despite the crazy PER?!
@cnn - cfc is now testing 75. Need that level to breakdown to race towards 100. Still note excited until that stubborn resistance gives way.
One more month to confirm if NSE20 will reclaim the 5000 handle. If the year closes above 5000 esp 5130, then 2014 will see a further push, but crazy PERs will be a headache.
Very interesting all these happening post VAT bill, westgate event, ICC and US govt shutdown with foreigners still pressing on the bull pedal
**Bulls frontrunning the oil play... We are right at that level today,though volumes have been thin.The cap on foreign holding i believe has been a big factor in the slow upward movement.Let us see where we are in five months. @hisah, furahiday could be here. Looking at the dd/ss Bids @ 76 supply @ 78...elsewhere K.C.B touching a high of 48.
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