mnandii wrote:mnandii wrote:
Safaricom Share price. Notice the decreasing momentum AND the completed impulse wave. Never mind the financials. Time to SELL!
I expect Safcom to trade below 15.75 coming week.
Linear thinking in action! Safcom made huge profits so the share should rise!
I saw even Aly Khan Satchu suggest the same.
#herding
Scramble for Safaricom shares as profits soarQuote:Safaricom Ltd, Kenya’s leading telecommunications operator by subscriber numbers, will attract more regional and international investors following impressive annual results and a foreseen rise in profits next year.
Please note that the
trend is so obvious to this reporter than he/she doesn't find the need to quote a 'professional'. I mean, reporters studied finance? This is another of the gems found in the Elliott Wave Principle of Human Social Behaviour. In such a case as this, the prediction by the reporter is
guaranteed to fail!
linkConventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.