Ericsson wrote:Angelica _ann wrote:Ericsson wrote:Queen wrote:VituVingiSana wrote:mnandii wrote:
Safaricom is rising in minute wave y of B. Resistance target lies at 36.30s which should also coincide with a touch of the upper channel trendline.
My previous call for Safaricom to fall toward 14.00 was based on the assumption that wave B was complete at 33.40s. It is now apparent that wave B is turning out to be a complex combination (as B waves usually do - Elliott text: b waves are 'suckers').
Be it as it may, the completion of wave b will result in a sharp turn DOWN for Safaricom which will catch the majority off-guard. You you are warned.
Towards 14/- is quite broad but let's say 20/- towards 14/-. When? A range would be fine.
Reading between the lines, it's apparent that he has abandoned his previous 14/= bob prediction.
His 20 also looks far fetched.
That's a 39% loss in share price
And the way he talked bad about us using fundamental in saying Safcom is a buy/hold at 28 Bob
Social mood blah blah blah!!!
Even at 24 he was talking bad
So you can imagine if you followed the advice based on the 'charts' and sold
. Good thing/at least nowadays we don't act blindly.
On this one, we have proved him wrong - so far.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen