innovator wrote:Metasploit wrote:abi2712 wrote:Any thoughts on kenGen, seems to be bottoming out at support (KES 12) RSI practically 0.
Touched a low of 11.85.Testing the 11 levels.
Buyers are still uninterested.Unless you want to ride the DCB like the Just ended Equity Bank bounce,this one looks like a falling knife in the short term.
Space to watch
I don't see it as a DCB, I think the counter is a fundamental goldmine. Its aces if you compare it with KPLC, returns were impressive and the future looks good. I think the stock is just overwhelmed by heavy volume foreigners and panicked locals.
BTW, any new rumours on the rights issue, date, price etc