karasinga wrote:Metasploit wrote:karasinga wrote:Ebenyo wrote:bartum wrote:Now for TA guys where is this thing going is it worth chasing, I was waiting at a reversal to 26-27
ask karasinga
hello friends. hope you got helped out. Most recent analysis
here. Honestly, I never chase stocks. If you did, just see below what you could have gotten yourself in.

trade what you see
32-33 floor for the pullback
@ metasploit. Kindly substantiate
Thanks.
I am looking into major resistance and support after the rate cap (see the circled points on the chart and corresponding arrows pointing on the RSI momentum..The share was on a downward trend until after just before Oct 6th when attempts are made towards Ksh 30 resistance (weak momentum on the RSI).A stronger and longer second attempt from 31st Oct to Nov and a retest of the all rate cap low (Ksh 23) somewhere in Feb 2nd..The second retest doesnt touch 23 but touches 24 on 24th Feb (Bullish trend set)..The next pullback is shallow at 25 confirming support is fully set at 24-25 levels (But for a nasty election or unforeseen circumstances,these levels will not touch again in this CYCLE).
Ksh 30 is taken in March and prices touches the pre rate cap price of 32-33 before having a shallow pullback (Circled)with a low of Ksh 31..Ksh 30 never prints..Price hits 35 with on an extremely overbought RSI,high volumes check in (RSI momentum strongest since rate cap) and correction follows.
Today price closes with a hanging man candlestick showing bears could not dig below 33..Will be watching how the weak closes but Ksh 30-31 is already a support and i expect 32-33 (The pre rate cap prices to be defended)

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”