
The overbought levels have been reset and the bollinger bands flattened to neutral. Volume is also building up. The chances of a breakout outweigh breakdown. I expect to see the likes of KCB, Mpesa bank, EABL, BAT, Equity, SCBK, ARM and Bamburi to continue stretching the 2012 highs.
Seems January will explode into a huge rally when trading desks are in full operation both locally and abroad.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!