I have been looking at my charts for a while now and i feel that the following stocks are about to explode in value because they are forming very bullish chart patterns.And i strongly believe that sooner rather than latter they'll start goin up.

1. Scan Group - i believe this stock is the favourite of the institutional investors and since that Ogilvy Transaction-it has been very transformative with respect to SSA for the Group.The share price has been testing Ksh 40.00 which is its highest level since listing and i know that will push it up even futhure past that.

2. KCB - i know most of you are scared stiff about the dilution but this share's movement if sustained will give a profit over 30% once it breaks into the twenties.Supply is goin to be thinnin out in a few weeks time.Personally i got in at Ksh 17.30 and i am all set for the ride.

ARM - Athi river moining which of late has been expanding is just showing very bullish chart formations and it keeps touching all time highs and supply that was there at below Ksh 140.00 is thinnin out and a move higher is imminent.Also results are underway as with most of the industrials and i am exited to own a few of these shares for short term.

KenolKobil - Today (14.07.2010) it closed a coupleof cents shy of its all time high and with the good half year guidance showing good profits a major rally is on the way.I expect supply at lower prices to thinnen and demand for ,this counter to pick up.

Keep an eye on these shares.Happy Investin, yo all.

Sorry I do not do any technical analysis. I have the following as stocks that will return atleast 40% on today's clossing price, some are likely to give more.

1. ARM-Most loved by Kenyan fund managers. Extremely undervalued. Capacity expansion cannot be compared to any industrial expansion in the country.
2. KPLC- Rights issue and share split will excite the market. Value will be unlocked. Key pillar of Kenya's V2030.
3. CFC-still has value to be unlocked. Return of profitability is almost being realized. Spinoff details should excite the market.
4. KCB - Fund managers are going to scramble for this stock. Extremely underprised compaired to its peers.
5. BOC - suffered misfortune in its earlier strategy when Carbacid slipped its hands. There is going to be a market correction soon and it should trade at a fair price.

My thoughts.

@pkoli. I must say that you hav used very nice fundermental analysis to pick your stocks. I hav used t.a and more precisly 12 month highs because in t.a we ar taught that when a stock makes these new highs it even goes to make newer highs in the future....so its a win win case if u look at it from the fundermental side and the technical side.

qw25041985,

I meant I never read it. Tried to edit my previous post but could not post the edited version

Martha Koome seems to have a different idea about KK. Kenya Pipeline seems to be out on a war path to destroy KK. Read this

Oil marketer KenolKobil will not process crude oil at the Kenya Petroleum Refineries Limited, a court has ruled.

The two firms have been in a long-standing dispute.

Lady Justice Martha Koome ruled that KPRL had a right to terminate a processing agreement entered into by the two.

She declined to refer the dispute for arbitration, saying KenolKobil wrongly invoked the exercise of the court’s jurisdiction.

“The notice issued by KPRL to terminate the agreement is in accordance with the contract,” said the Judge.

Locking out the company has adversely affected its marketing and distribution given that KenolKobil runs a chain of petrol stations in the country.

KPRL has had a drawn-out dispute with KenolKobil over what it said was non-payment of Sh456 million processing charges.

http://www.businessdaily...4/-/votktr/-/index.html