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Elliott Wave Analysis Of The NSE 20
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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Angelica _ann wrote:How does this China virus Coronavirus fit with the waves Bw. @mnandii? Any comment on how it is likely to fit into our local scenario. Don’t buy or sell ‘based on today’s headlines’ As volatility in the market increases because of the coronavirus, Buffett said not to make investing decisions based on day-to-day moves. “You don’t buy or sell your business based on today’s headlines. If it gives you a chance to buy something you like and you can buy it even cheaper, you’re in good luck,” he said, adding that “you can’t predict the market by reading the daily newspaper.” Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 11/13/2015 Posts: 1,654
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lochaz-index wrote:mnandii wrote:wukan wrote:lochaz-index wrote:
I think this is the year that NSE20 prints sub-2000 that we've been waiting for for ages. NPLs currently at around 12% of the loan book should peak at around 18-20% and will need to be flushed out through the P&L either this year or next. However, the biggest risks for banks lie in their bond and real estate portfolios.
#post2409 Posted : Friday, June 01, 2018 5:59:41 PM Quote:bartum wrote:
NSE 20 now at 3333,where are headed, will kcb come below 40
wukan wrote:
Largely depends on the outcome of the cat fight between treasury and the CBK. From what I see in the longer NSE 20 chart 2500 is a possibility to complete the double bottom I don't think NSE 20 Share index will go below 2400 anytime soon Interesting take. I haven't seen capitulation yet so I fancy the market taking out both 2420 and 2360 support levels when push comes to shove. NSE 20 share closed at 2452. Another cliff fall tomorrow and the road opens to GFC lows
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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wukan wrote:lochaz-index wrote:mnandii wrote:wukan wrote:lochaz-index wrote:
I think this is the year that NSE20 prints sub-2000 that we've been waiting for for ages. NPLs currently at around 12% of the loan book should peak at around 18-20% and will need to be flushed out through the P&L either this year or next. However, the biggest risks for banks lie in their bond and real estate portfolios.
#post2409 Posted : Friday, June 01, 2018 5:59:41 PM Quote:bartum wrote:
NSE 20 now at 3333,where are headed, will kcb come below 40
wukan wrote:
Largely depends on the outcome of the cat fight between treasury and the CBK. From what I see in the longer NSE 20 chart 2500 is a possibility to complete the double bottom I don't think NSE 20 Share index will go below 2400 anytime soon Interesting take. I haven't seen capitulation yet so I fancy the market taking out both 2420 and 2360 support levels when push comes to shove. NSE 20 share closed at 2452. Another cliff fall tomorrow and the road opens to GFC lows Safaricom,kcb,equity bank,Eabl,co-op bank are still trading at highs. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Ericsson wrote:mnandii wrote:KCB  KCB BANK GROUP fell from 184.53 to 44.11 to complete wave (A). Afterwards it has been consolidation in a likely triangle pattern (the converging trend lines) of wave (B). I expect KCB to resume its drop to below 22.00 Holding above 51 watch out for this prophecy "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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wukan wrote:lochaz-index wrote:mnandii wrote:wukan wrote:lochaz-index wrote:
I think this is the year that NSE20 prints sub-2000 that we've been waiting for for ages. NPLs currently at around 12% of the loan book should peak at around 18-20% and will need to be flushed out through the P&L either this year or next. However, the biggest risks for banks lie in their bond and real estate portfolios.
#post2409 Posted : Friday, June 01, 2018 5:59:41 PM Quote:bartum wrote:
NSE 20 now at 3333,where are headed, will kcb come below 40
wukan wrote:
Largely depends on the outcome of the cat fight between treasury and the CBK. From what I see in the longer NSE 20 chart 2500 is a possibility to complete the double bottom I don't think NSE 20 Share index will go below 2400 anytime soon Interesting take. I haven't seen capitulation yet so I fancy the market taking out both 2420 and 2360 support levels when push comes to shove. NSE 20 share closed at 2452. Another cliff fall tomorrow and the road opens to GFC lows Getting closer. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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mlennyma wrote:Ericsson wrote:mnandii wrote:KCB KCB BANK GROUP fell from 184.53 to 44.11 to complete wave (A). Afterwards it has been consolidation in a likely triangle pattern (the converging trend lines) of wave (B). I expect KCB to resume its drop to below 22.00 Holding above 51 watch out for this prophecy Watching keenly Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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lochaz-index wrote:wukan wrote:lochaz-index wrote:mnandii wrote:wukan wrote:lochaz-index wrote:
I think this is the year that NSE20 prints sub-2000 that we've been waiting for for ages. NPLs currently at around 12% of the loan book should peak at around 18-20% and will need to be flushed out through the P&L either this year or next. However, the biggest risks for banks lie in their bond and real estate portfolios.
#post2409 Posted : Friday, June 01, 2018 5:59:41 PM Quote:bartum wrote:
NSE 20 now at 3333,where are headed, will kcb come below 40
wukan wrote:
Largely depends on the outcome of the cat fight between treasury and the CBK. From what I see in the longer NSE 20 chart 2500 is a possibility to complete the double bottom I don't think NSE 20 Share index will go below 2400 anytime soon Interesting take. I haven't seen capitulation yet so I fancy the market taking out both 2420 and 2360 support levels when push comes to shove. NSE 20 share closed at 2452. Another cliff fall tomorrow and the road opens to GFC lows Getting closer. Economic recession this year Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Ericsson wrote:lochaz-index wrote:wukan wrote:lochaz-index wrote:mnandii wrote:wukan wrote:lochaz-index wrote:
I think this is the year that NSE20 prints sub-2000 that we've been waiting for for ages. NPLs currently at around 12% of the loan book should peak at around 18-20% and will need to be flushed out through the P&L either this year or next. However, the biggest risks for banks lie in their bond and real estate portfolios.
#post2409 Posted : Friday, June 01, 2018 5:59:41 PM Quote:bartum wrote:
NSE 20 now at 3333,where are headed, will kcb come below 40
wukan wrote:
Largely depends on the outcome of the cat fight between treasury and the CBK. From what I see in the longer NSE 20 chart 2500 is a possibility to complete the double bottom I don't think NSE 20 Share index will go below 2400 anytime soon Interesting take. I haven't seen capitulation yet so I fancy the market taking out both 2420 and 2360 support levels when push comes to shove. NSE 20 share closed at 2452. Another cliff fall tomorrow and the road opens to GFC lows Getting closer. Economic recession this year More like deleveraging. There's nothing CBK no GOK can do to alleviate the impending catastrophe
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Mukiri wrote:Ericsson wrote:lochaz-index wrote:wukan wrote:lochaz-index wrote:mnandii wrote:wukan wrote:lochaz-index wrote:
I think this is the year that NSE20 prints sub-2000 that we've been waiting for for ages. NPLs currently at around 12% of the loan book should peak at around 18-20% and will need to be flushed out through the P&L either this year or next. However, the biggest risks for banks lie in their bond and real estate portfolios.
#post2409 Posted : Friday, June 01, 2018 5:59:41 PM Quote:bartum wrote:
NSE 20 now at 3333,where are headed, will kcb come below 40
wukan wrote:
Largely depends on the outcome of the cat fight between treasury and the CBK. From what I see in the longer NSE 20 chart 2500 is a possibility to complete the double bottom I don't think NSE 20 Share index will go below 2400 anytime soon Interesting take. I haven't seen capitulation yet so I fancy the market taking out both 2420 and 2360 support levels when push comes to shove. NSE 20 share closed at 2452. Another cliff fall tomorrow and the road opens to GFC lows Getting closer. Economic recession this year More like deleveraging. There's nothing CBK no GOK can do to alleviate the impending catastrophe Same for Central banks world over Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Ericsson wrote:mlennyma wrote:Ericsson wrote:mnandii wrote:KCB KCB BANK GROUP fell from 184.53 to 44.11 to complete wave (A). Afterwards it has been consolidation in a likely triangle pattern (the converging trend lines) of wave (B). I expect KCB to resume its drop to below 22.00 Holding above 51 watch out for this prophecy Watching keenly A bounce back yesterday and today. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Elliott Wave Analysis Of The NSE 20
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