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Technical Analysis 101 : NSE - Eliminate Guesswork when trading shares

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kebaya		#1 Posted : Monday, February 08, 2010 4:55:12 PM
Rank: New-farer Joined: 2/3/2010 Posts: 66 Location: at the trading terminal		A big thanks to Stocks Guru : He totally understood what i needed Dude you have eliminated alot of work from me! The below diagram shows exactly what i mean The default stochastic gave several signals to buy and sell safaricom over 1 year. You can see i have scribbled on the chart when was to buy and sell On SEPT 2009 - It was a good time to buy and hold till DEC 2009 On Jan 2010 - It was good time to buy WHY? MACD had crossed the 0 Level mark and Stochastics were over the 50% level FINAL : Subscribe to mystocks.co.ke to get such advanced trading indicators. ANALYSIS OF SCOM FOR THE COMING MONTHS Stochs are pointing to SCOM declining in price. Grabbing the bull by the horns till am the last trader standing
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VituVingiSana		#2 Posted : Tuesday, February 09, 2010 1:57:26 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		You do realize all this is 20/20 in hindsight. That said, I applaud your call/advise to sell (not buy) safaricom. I am a fundamental guy & I will not dip into safaricom unless it is 5/- or lower! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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the deal		#3 Posted : Tuesday, February 09, 2010 2:15:07 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		@Vvs scom is currently trading on low volumes compared to when its going up,the forward momentum is much stronger than the pull backs...its just a matter of time before we hit a mini rally...use on balance volume...stochs is garbage.
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VituVingiSana		#4 Posted : Tuesday, February 09, 2010 2:45:25 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@the deal: IMHO, I am not looking at the technical graph but expected profits for safaricom & future growth (esp data coz safcom dominates retail here)... So if I were to add 'stagnant' voice + growth in data + huge growth in M-Pesa... I think safcom profits will see a decent growth y-o-y. Now... I think 5.50 is expensive based on my estimates of profits... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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kizee		#5 Posted : Tuesday, February 09, 2010 3:34:59 PM
Rank: Member Joined: 1/9/2008 Posts: 537		vvs- the market can stay irrational longer than u can stay liquid... kebaya u rely too much on oscillators ...i hav not seen single mention of trendlines from u...oscillators only work in a trendin mkt...mkts rarely trend..keeo this thread goin tho...
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VituVingiSana		#6 Posted : Tuesday, February 09, 2010 4:02:16 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		kizee wrote: vvs- the market can stay irrational longer than u can stay liquid... kebaya u rely too much on oscillators ...i hav not seen single mention of trendlines from u...oscillators only work in a trendin mkt...mkts rarely trend..keeo this thread goin tho... Well, since I have not sold short safaricom... I hope I am OK... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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mukiha		#7 Posted : Wednesday, February 10, 2010 5:23:04 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		Where do fundamentals fit in all this? Current and future earnings? Demand and supply levels? Etc? It's rather myopic to analyse price movement in isolation..... Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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kebaya		#8 Posted : Wednesday, February 10, 2010 5:51:07 AM
Rank: New-farer Joined: 2/3/2010 Posts: 66 Location: at the trading terminal		can someone please post an analysis of how volumes relate with price..esp in this case of safaricom...how volumes can indicate when its best to buy or sell SCOM Grabbing the bull by the horns till am the last trader standing
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Jaguar		#9 Posted : Wednesday, February 10, 2010 6:26:31 AM
Rank: Member Joined: 6/7/2007 Posts: 263 Location: humu humu		safaricom price is highly dependent on foreign investors. When they are buying, the price moves up or remains stable. When they aren't buying it dips
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kizee		#10 Posted : Wednesday, February 10, 2010 6:29:33 AM
Rank: Member Joined: 1/9/2008 Posts: 537		how about a simple trend channel...buy at the bottom sell at the top of said channel?
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