wazua Mon, Mar 23, 2026
Welcome Guest Search | Active Topics | Log In

4 Pages123>»
KQ oversold-a rally looms.
Options
Previous Topic · Next Topic
the deal
#1 Posted : Tuesday, June 08, 2010 7:25:10 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
KQ has lost 9.45% since results day(04-06-2010)...its PE now stands at 11.8...those relative strength indicator(RSI) now stand at below 30 meaning its oversold..
Back to top
  |
qw25041985
#2 Posted : Tuesday, June 08, 2010 10:29:37 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
Thanx man. this kind of information lift me up.So i shdnt worry of it breakin the 50.00 resistance level.So let the rally begin.But RSI of 30 is pretty low.Rarely do stocks reach thirty. What your target price before it reached being overbought ????
Your future depends on your dreams so go to sleep !
Back to top
  |
the deal
#3 Posted : Tuesday, June 08, 2010 10:48:08 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
qw25041985 wrote:
Thanx man. this kind of information lift me up.So i shdnt worry of it breakin the 50.00 resistance level.So let the rally begin.But RSI of 30 is pretty low.Rarely do stocks reach thirty. What your target price before it reached being overbought ????

my target was 66 bob...an RSI of 30 is a real oversold situation man...i think tomorrow or Thursday we will bounce back...
Back to top
  |
the deal
#4 Posted : Wednesday, June 09, 2010 7:49:30 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
we have scratched the bottom supply has fallen from 275000 to 59000 today...at some point nobody will sell...50 is the support...56 the new resistance...an opportunity for people who dont feel like to exit in that range...
Back to top
  |
ProverB
#5 Posted : Wednesday, June 09, 2010 8:31:50 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
the deal wrote:
KQ has lost 9.45% since results day(04-06-2010)...its PE now stands at 11.8...those relative strength indicator(RSI) now stand at below 30 meaning its oversold..


@the deal...what becomes of the p/e when u remove the fuel derivatives factor?
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
Back to top
WWW
  |
voste
#6 Posted : Wednesday, June 09, 2010 8:34:26 AM
Rank: New-farer

Joined: 4/20/2010
Posts: 11
Location: nairobi
hey guys im trading live only 200 shares are up for grabs,is the rally bout to begin?got in at 56,hope it reaches 66!
Back to top
  |
guru267
#7 Posted : Wednesday, June 09, 2010 8:47:47 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@the deal i told you KQ disappointed most analysts with those results and the hopeless dividend and hence you will not see any institutions/ foreigners touching the stock until it is below 50....

its already an hour into trade and only 800 shares traded clear sign of subdued interest...

one thing i want to caution technical analysts about is that technical analysis is very dependent on company information so dont imagine for a second that the technical information for KQ before the results is the same information you will find now...

Eg... anyone who still thinks 66bob is the benchmark resistance level after such results better be careful
Mark 12:29
Deuteronomy 4:16
Back to top
  |
ProverB
#8 Posted : Wednesday, June 09, 2010 8:56:08 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
guru267 wrote:


one thing i want to caution technical analysts about is that technical analysis is very dependent on company information so dont imagine for a second that the technical information for KQ before the results is the same information you will find now...

Eg... anyone who still thinks 66bob is the benchmark resistance level after such results better be careful


...Hear Ye! Hear Ye all!
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
Back to top
WWW
  |
the deal
#9 Posted : Wednesday, June 09, 2010 9:08:27 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
if you bought @ 56 time to cut losses...the move down is stronger than anticipated..we are staring below 50 until september when 1H figures come out...
Back to top
  |
Wa_ithaka
#10 Posted : Wednesday, June 09, 2010 9:49:27 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Operating profit and turnover were both down. I'm not even going to get into the customer service ishoos (haven't got enuff time os space). Nuff said.

Surely you gotta price this in and look to enter at mid or lower 40s?
The Governor of Nyeri - 2017
Back to top
  |
4 Pages123>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.