mlennyma wrote:Impunity wrote:mlennyma wrote:Metasploit wrote:mlennyma wrote:Impunity wrote:Goldilocks Reloaded wrote:The end of the bloodbath may not be too far. Balance between "fear of the unknown" and attractive prices will slow the pace. Already Equity has moved 16M shares today worth 432M and only 1.56% foreign sale. KCB is slightly in the green on foreign activity with foreigners being 6.12% net buyers with total turnover being 12M. Tungoje kidogo tuone. Am not selling or buying just yet.
Care to tell us where you read this info coz from where I sit I cannot see any buys on either KCB or Member.
Let it fall to sub 20 please.
indeed its not far equity has done good volume to suggest that fear is being overpowered, dont look at the blank supply look at the volume traded,the volume traded is more than the leading asking order which is a bottoming sign
Equity currently trades at an RSI of 9 (Grossly oversold)
But supply is still building at 26.75 meaning there is still some depth to fall
Do not fight the trend.Buy only when the uptrend is confirmed.
*The current volume spike is positive but unless that supply is cleared or the price falls to a point sellers do not see any value in selling,DO NOT BUY
i cant see the building supply but the thinning supply
Shall we start to accumulate then?
equity closed last week with over 50m supply,opened today with over 25m supply now its 14m supply is the supply drying or adding?
I get what you mean..A bit optimistic though
We still remain with 40M Supply(Fridays 55M MInus 16M traded today)
We might have a serious spike today or tomorrow or next week..Who knows ? But until the supply is cleared (Withdrwrawn isnt good as it will pose an obstacle later as a supply point) and UPTREND confirmed i will not buy
The oversold RSI though points rebound is nigh
βThe pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.β