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

570 Pages«<178179180181182>»
How to tell NSE has bottomed out
Options
Previous Topic · Next Topic
youcan'tstopusnow
#1791 Posted : Saturday, December 15, 2012 6:57:03 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The Competition Authority has launched investigations into price fixing by banks,
petroleum companies and grain millers as it seeks to protect consumers from cartels.
http://www.businessdaily...4/-/764kuc/-/index.html
Well, a couple of listed firms will be on the spot then...
GOD BLESS YOUR LIFE
Back to top
WWW
  |
hisah
#1792 Posted : Monday, December 17, 2012 12:41:05 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:


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.


Breakout on the way as 2012 high (1120) in November is surpassed. The new high is now at 1132 as the bollinger bands upper border is already bending upwards suggesting the breakout is on course. RSI is already at overbought levels at this point. The chart is still bullish. January will be very interesting if this bid pressure can be maintained.



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
hisah
#1793 Posted : Monday, December 17, 2012 12:54:08 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mid day - EABL turnover @78M but can't be seen on volume nor price spike. Just stealth smile

Update:
Day close - EABL trades 1,130,000 shares with a turnover of 294M on 41 deals. Finishing as the 2nd day mover.

Meanwhile Bamburi trades yet again starts the week on heavy share volume. 2,519,000 have traded today with a turnover of 478M on 7 deals - largest mover today. A solid base is being laid at 180 - 190 zone. Will be interesting to see it challenge 240/- all time highs set back in 2006 later next year as long as politics behaves.

So between Bamburi and EABL, traded turnover is 772M. And this is December!? So what will be the turnover in January/Feb as the top 10 bluechips are picked up again?!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  | | Edit by user: Monday, December 17, 2012 3:13 PM | Reason: Not specified
hisah
#1794 Posted : Wednesday, December 19, 2012 2:08:37 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
BAT intraday trades 490/- as it keeps on posting new all time highs. Best ask today is 500/- for 10,000 shares. Today's trades are net foreign buys.

Kengen too is bouncing hard after over selling post exdiv. I still expect it to trade above 10.50/- in coming weeks. Still cheap from here.

MSC has reclaimed the 5/- handle. Was oversold from 6.45/- and now bouncing aiming 5.50 - 5.90/- before the next downside phase. I don't see the value being chased here with all the negative fundies baked into this counter.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  | | Edit by user: Wednesday, December 19, 2012 2:15 PM | Reason: Not specified
youcan'tstopusnow
#1795 Posted : Wednesday, December 19, 2012 4:20:59 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah wrote:
BAT intraday trades 490/- as it keeps on posting new all time highs. Best ask today is 500/- for 10,000 shares. Today's trades are net foreign buys.

Kengen too is bouncing hard after over selling post exdiv. I still expect it to trade above 10.50/- in coming weeks. Still cheap from here.

MSC has reclaimed the 5/- handle. Was oversold from 6.45/- and now bouncing aiming 5.50 - 5.90/- before the next downside phase. I don't see the value being chased here with all the negative fundies baked into this counter.

KK VWAP at 14.05 with a high of 14.60. ScanGroup hits 70. Never thought it would be back to these heights so soon. cnn, you still here?
GOD BLESS YOUR LIFE
Back to top
WWW
  |
hisah
#1796 Posted : Wednesday, December 19, 2012 5:25:00 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Btw NSE20 regained the 4100 handle today. Closed @4,124.06 up 38.36pts (0.93%).
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
mwekez@ji
#1797 Posted : Wednesday, December 19, 2012 8:09:25 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
hisah wrote:
Btw NSE20 regained the 4100 handle today. Closed @4,124.06 up 38.36pts (0.93%).


2011 - bear, 2012 - bull, 2013 onwards - ??? If we do it right in March 2013 election, then we'll be set for a multi-years bull like when Obako took power in 2002
Back to top
  |
hisah
#1798 Posted : Thursday, December 20, 2012 12:03:47 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Intraday EABL turnover is almost clocking half a billion!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
hisah
#1799 Posted : Friday, December 21, 2012 7:07:14 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Insider buying - http://www.businessdaily...8/-/xnbc8u/-/index.html

Watch these firms. Already some have flipped huge returns this year.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
ChessMaster
#1800 Posted : Friday, December 21, 2012 7:43:43 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
I agree but I think some of them are using it as a tactic.Once confidence on the counters goes up and the price too they exit.Is it a possibility?
Uncertainty is certain.Let go
Back to top
  |
570 Pages«<178179180181182>»
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.