lochaz-index wrote:rwitre wrote:Ericsson wrote:bartum wrote:Is the market looking up, chartists what do you say
Taking positions in anticipation of full year results and dividends in the financial sector and for companies whose FY ended 31 December
SCOM, EQTY, KCB, ICDC taking off.
BRIT, JUB, KEGN on queue
NMG yet to be cleared
Come rally, come!
Market has been consolidating for the last three months or so. This is after erasing the whole 2017 rally and puncturing the Feb 2017 low of 2789. Generally, I don't expect 2019 to be good for EM/FMs but there are always some exceptions.
The resistance at these 2700 levels has held for a while now. To the point we can start feeling a new social mood kicking in.
Post Dusit attack, Kenyans are beginning to feel more resilient and foreigners are gaining more confidence with our economy. We've overtaken Ethiopia, GDP wise again. The likelihood of them catching up again is not soon.
Handshake is bearing fruit.
Grand corruption cases have gone down... We're now just dealing with thieves of yester-years.
So, yes. A small upward spike is expected.
Do it today! Tomorrow is promise to no-one.