I cautioned us on 27th Oct because it was becoming obvious something was not right. An expectation that is continually being met. Market makers used "good news" to ensure wanjiku will always get it wrong. always buying at the top and selling at the bottom.
look closely how they push price up during the day(to entice) and sell off by close of business. doing everything not to scare the goose that made the golden eggs. what a pity!

price will only drop after they are done emptying their warehouses at retail prices. My eyes on the market.

ARM broke above the upside resistance level of 27.75 today(9th nov 2016). This is a bullish sign. This previous resistance level of 27.75 may now provide downside support. Volume on the day of the breakout was neither extremely heavy nor extremely light--providing no convincing evidence either way as to the validity of the breakout.

baby steps...
STATEMENT 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

Good call on ARM. I think (fundamentals) will look better as well as interest costs drop significantly, the delayed projects come back online, suppliers start re-supplying ARM and the SGR extension is forced to source cement from Kenyan firms.
I think [share price notwithstanding] it will take ARM 12-18 months [post elections] to get back to minting cash.

Thanks Karasinga. Much appreciated.

KEGN:
Volume price analysis
1. Anomaly present. Price not in harmony with the volume. (Fig 2.)
2. Where are we?
The KEGN just experienced a panic move after an announcement of no dividends. A panic move because KenGen Ltd Ord. 2.50 having FY ended June 2016 revenue of 38.61 billion shillings versus 29.95 billion shillings year ago and FY ended June 2016 profit before tax of 11.26 billion shillings versus 8.69 billion shillings year ago- this company is fundamentally sound.

A deeper look KEGN has reached a point where no matter how much more effort (volume from wanjiku) is applied, is now resistant to lower prices, and the buyers (insiders/market makers) are knocking back the selling.

In my humble opinion, it is the selling which is happily being absorbed by the buying, and once again signals a potential reversal point as the market runs out of steam. If we were to imagine a profile of the volume bar in terms of selling and buying volumes, the buyers would just outweigh the sellers, reflecting the narrow price spread. After all, if the selling had followed through, then we would have seen a wide spread down candle, and not a narrow spread candle.

In a nut shell, towards the end of this phase (accumulation phase), the insiders usually marks prices down rapidly (see what happened on 21st Oct. 2016), flushing out more sellers, before moving the price higher later in the session to close somewhere near the opening price, helped higher by their own buying in the market, with bargain hunters (like wazuans) also sensing that the market is 'over sold' at this level.
3. RSI is oversold and diverging at the same time high volumes are present (Fig 1.)
4. Market at exhaustion points of monthly fib pivot points. (Fig 3.)
5. Expectation. High volume should be seen moving up the price (once market makers/insiders are done buying at wholesale) and an obstacle around 6.6 should be penetrated with high volume.
I think this is a reversal in the offing.
VVS and other fundamental gurus can guide or correct this

bearish bat in the making and accumulation phase in details(follow the numbers to get my thought process)
fig 1
closer look
fig 2
monthly pivots
fig 3
Baby steps…

According to the above chart it appears to me that the price will plunge to 7-5.7 bob next year Jan. i.e. if the cartoon is drawn to scale.

nice moves

Am finished completely or am completely finished on this one