Turbo vol in Apr happened to mpesa bank. Today it happened to simba with 28M shares traded at 1.4B turnover. Other turbo vols have been member, ARM, EABL and NMG late 2013. Billion plus turnover day trades...
These vol spikes, pay close attention. If we rally it'll be with strong legs. If we breakdown it'll be a hard fall.
Waiting for that TA triangle pattern to get resolved.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!