At this point I am not aware of any fundamentals that make EQT test 10. However depending on how adversely Q4 is affected by rate cap 21 could be tested.

Got me self some equity shares today...

lochaz-index, It is vital to have and trade with expectations as they keep you in line with the strength of the market as well as with proper order flow.
sparkly, Trading against these expectations(order flow) puts you at minimum getting losing trades about 70% of the time. but then again, it is my expectation. As we all know, what one trader defines as an opportunity differ with every trader. the best thing is you have a plan on how you will manage your trades. in the mean time, cheers mate and have your eyes on the market.

True to your word, "I will keep popping in to see what is happening"
welcome back VVS. long time no see. You are one among chiefs in wazua i keenly follow and listen to. I am therefore delighted to have you around.

my post on KENO almost always triggers our discussion(not to mention you can know which counter one holds based on their comments).
With all due respect, what this cartoon means is exactly what you put(fundamentally) but in a different form(technical). I am looking for a day when fundamentals will flow freely the way you make it look; easy.
feel free to post. your posts are food to my thoughts

me like this. playing to expectations

The beauty of technical analysis such as this is that it is a pointer to a possible outcome. Fundamentals tend to confirm. You have a leading indicator, now we be on the look out for fundies to confirm.

KenGen Ltd Ord. 2.50 broke above the upside resistance level of 6.25, 26 day(s) ago. This is a bullish sign. This previous resistance level of 6.25 may now provide downside support. Volume on the day of the breakout was quite light---92% below average. The most reliable breakouts are accompanied with increased volume. However, prices have risen some distance since breaking out--8.03%, thereby adding more validity to the breakout.

having said that, there is a possibility wave 2 to form either:
1. flat pattern (check gold trend lines on the chart) to the said 6.25.
2. bullish bat pattern to 5.86 (has high confluence with volume at price @ 5.82)
currently price seems to be struggling(2 dojis) at a resistance offered by 200MA and the volumes seen in the last two trading days is not in harmony with price movement- indicating weakness.(This could be a "insider" offloading to wait for the price lower)

in my humble opinion, we can wait for price patiently between 6.25 and 5.82.(but do your due deligence)
hope this helps
baby steps...
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis

spikes, in all fairness, i dont know. It is like saying I know who's in this market and who's about to come into this market. I know what they believe about what is high or what is low. Furthermore, I know each individual's capacity to act on those beliefs, and with this knowledge, I am able to determine how the actions of each of these individuals will affect price movement in its collective form a second, a minute, an hour, a day, or a week from now. I hope this makes sense. Once again five fundamental truths about the market(quoting Mark Douglas);
1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.

technical analysis is just a road map. PA is the king

technically... my thoughts in the chart.

baby steps...
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis