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How to tell NSE has topped/Maxed out.
Rank: Elder Joined: 11/7/2007 Posts: 2,182
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flat is a posibility hisah LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Metasploit wrote:Maybe you can add trendline on the charts;
we have a horizontal trend range on the KCB chart;support at 51-53 from July 2014 and last hit on 18/12/2014 (I bought at 52.50 for shorterm play),and resistance at 60-62 failed to be broken 5 times (Aug,sep,oct,nov 2014)
This implies two things;trend range may continue at least twice with possible lower lows after which we will have a very strong trend change ( a breakout above 62 or a breakdown below 51)
** 52*1.15=60 (15% price difference between support and resistance for the shorterm traders)
CFC stanbic shows the same trend range (support at 118-120,resistance at 127)It has been trying to break above the resistance since June,at the same time support has always been tested (we had price closing at 115 and touching 115 on two occassions).Same script a breakdown or breakout will be strong
** 118*1.12=132 (12% price difference between support and resistance for the shorterm traders)
Equity has been seeing lower lows after hitting the high of 63.
The last low was at 48.50,then 46 and now the price is flirting at 47 and will definately go down.
If the price goes lower than 45,we will set a new support at 50 and this will be a classical head and shoulder pattern
# At this correction cycle,bought centum at 56,KCB at 52.50 and trying KPLC at 13 .
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Metasploit wrote:[quote=Metasploit]Maybe you can add trendline on the charts;
we have a horizontal trend range on the KCB chart;support at 51-53 from July 2014 and last hit on 18/12/2014 (I bought at 52.50 for shorterm play),and resistance at 60-62 failed to be broken 5 times (Aug,sep,oct,nov 2014)
This implies two things;trend range may continue at least twice with possible lower lows after which we will have a very strong trend change ( a breakout above 62 or a breakdown below 51)
** 52*1.15=60 (15% price difference between support and resistance for the shorterm traders)
CFC stanbic shows the same trend range (support at 118-120,resistance at 127)It has been trying to break above the resistance since June,at the same time support has always been tested (we had price closing at 115 and touching 115 on two occassions).Same script a breakdown or breakout will be strong
** 118*1.12=132 (12% price difference between support and resistance for the shorterm traders)
Equity has been seeing lower lows after hitting the high of 63.
The last low was at 48.50,then 46 and now the price is flirting at 47 and will definately go down.
If the price goes lower than 45,we will set a new support at 50 and this will be a classical head and shoulder pattern
# At this correction cycle,bought centum at 56,KCB at 52.50 and trying KPLC at 13 and we HIT the resistance at 59 for KCB and 51 for equity.Safcom also struggling at 14.10,Britam at 31 seeing some good profit taking,co-op doing good sale volumes at 20 etc How low are we going on this cycle ?? 6 times and plus with major stocks trying to break resistances and failing ##stay liquid
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Metasploit wrote:Metasploit wrote:[quote=Metasploit]Maybe you can add trendline on the charts;
we have a horizontal trend range on the KCB chart;support at 51-53 from July 2014 and last hit on 18/12/2014 (I bought at 52.50 for shorterm play),and resistance at 60-62 failed to be broken 5 times (Aug,sep,oct,nov 2014)
This implies two things;trend range may continue at least twice with possible lower lows after which we will have a very strong trend change ( a breakout above 62 or a breakdown below 51)
** 52*1.15=60 (15% price difference between support and resistance for the shorterm traders)
CFC stanbic shows the same trend range (support at 118-120,resistance at 127)It has been trying to break above the resistance since June,at the same time support has always been tested (we had price closing at 115 and touching 115 on two occassions).Same script a breakdown or breakout will be strong
** 118*1.12=132 (12% price difference between support and resistance for the shorterm traders)
Equity has been seeing lower lows after hitting the high of 63.
The last low was at 48.50,then 46 and now the price is flirting at 47 and will definately go down.
If the price goes lower than 45,we will set a new support at 50 and this will be a classical head and shoulder pattern
# At this correction cycle,bought centum at 56,KCB at 52.50 and trying KPLC at 13 and we HIT the resistance at 59 for KCB and 51 for equity.Safcom also struggling at 14.10,Britam at 31 seeing some good profit taking,co-op doing good sale volumes at 20 etc How low are we going on this cycle ?? 6 times and plus with major stocks trying to break resistances and failing ##stay liquid Stay Liquid
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Usually a topside signal; inflated small caps is mostly wanjiku's playground. http://www.businessdaily...8/-/jw4jh9z/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Quite some notable green colour today as we await results and div.declaration excitement and there after market takes direction.the banks Q1 will ring the good or bad siren. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Sasini rising as I exit, my dvd in tow. Scan doing 10%. Goodies coming? Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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Pesa Nane wrote:Sasini rising as I exit, my dvd in tow.
Scan doing 10%. Goodies coming? I believe so... I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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NSE Market Indicators: 26 Feb 2015
NSE 20 Share Index: 5475.84 => Down 8.07 PointsNSE All Share Index: 175.97 => Down 1.54 PointsFTSE NSE Kenya 15 Index: 231.36 => Down 3.39 PointsFTSE NSE Kenya 25 Index: 231.91 => Down 3.52 PointsTraded Volume: 23.81 Million Shares => Down 57.16%Turnover: Ksh. 896.51 Million => Down 25.30%Market Cap: Ksh. 2.45696 Trillion => Down 0.87% What just happened? Inflection point?? Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Mart_Consult wrote:Pesa Nane wrote:Sasini rising as I exit, my dvd in tow.
Scan doing 10%. Goodies coming? I believe so... I expect SCAN to release good results this year. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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How to tell NSE has topped/Maxed out.
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