wazua Thu, Apr 16, 2026
Welcome Guest Search | Active Topics | Log In

570 Pages«<3738394041>»
How to tell NSE has bottomed out
Cde Monomotapa
#381 Posted : Saturday, August 20, 2011 9:02:29 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
MSC Sad
youcan'tstopusnow
#382 Posted : Saturday, August 20, 2011 10:26:47 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
MSC Sad

Those full year numbers should be interesting. Hadn't even noticed that it had hit 6.10. Sub 6 anyone?
GOD BLESS YOUR LIFE
hisah
#383 Posted : Saturday, August 20, 2011 10:28:53 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
hisah, I never heard you talk of how the charts are lookingfor the following stocks: KCB, CENTUM, MUMIAS, SASINI

I'll look at them. For now I was concentrating on the index. I had stated that if the index bounces towards the end of this month people will be shocked with the rally of Britak shares on listing?! That Friday Sept 2nd will be a big up day on the index. This is already starting playing out as per this Friday's close which is higher than last Friday. Next Friday is 26th (build up) then Sept 2nd (push). If that push is above 3700 the momentum will aim for 3850 - 3900 for some weeks to reset the excess selling. But serious buy volumes (e.g. NSSF funds) will required to push thru 4000. The huge brakes is Europe's default surprises... If controlled well, foreigners will troop back to NSE.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#384 Posted : Saturday, August 20, 2011 10:31:44 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
MSC Sad

Those full year numbers should be interesting. Hadn't even noticed that it had hit 6.10. Sub 6 anyone?

We need the services of @njunge for this sugarcane stock...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25071985
#385 Posted : Saturday, August 20, 2011 12:25:35 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
hisah wrote:
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
MSC Sad

Those full year numbers should be interesting. Hadn't even noticed that it had hit 6.10. Sub 6 anyone?

We need the services of @njunge for this sugarcane stock...


a fall to three bob shld be in order. Nkt. This one heck of a difficult stock. I ever regret buying.
hisah
#386 Posted : Saturday, August 20, 2011 4:41:42 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
youcan'tstopusnow wrote:
hisah, I never heard you talk of how the charts are lookingfor the following stocks: KCB, CENTUM, MUMIAS, SASINI

I'll look at them. For now I was concentrating on the index. I had stated that if the index bounces towards the end of this month people will be shocked with the rally of Britak shares on listing?! That Friday Sept 2nd will be a big up day on the index. This is already starting playing out as per this Friday's close which is higher than last Friday. Next Friday is 26th (build up) then Sept 2nd (push). If that push is above 3700 the momentum will aim for 3850 - 3900 for some weeks to reset the excess selling. But serious buy volumes (e.g. NSSF funds) will required to push thru 4000. The huge brakes is Europe's default surprises... If controlled well, foreigners will troop back to NSE.


@youcant - this is what I see at the moment based on 5yr chart analysis.

KCB - Testing the uptrend line since March 2009. A break below and close below 19.50 will mean an end to the uptrend and aim for 18 as the first support before settling at 16.50.

MSC - No longer in an uptrend still testing layers of support levels. Support zone is 5.50 - 6.00. Below this is back to 2009 March lows at 3.60. There was a lot of churn volume between May 2010 and Aug 2010 and since then the uptrend has broken down. That volume was exit volume. This one will take time to turn around.

Centum - high volume churn on 27/7/2011. 17.80 tested and bounced, but the structure is bearish and 21 is now resistance. Should settle at 16/- in coming months.

Sasini - Uptrend since March 2009 lows broken down in March 2011. Tested underside of uptrend and rallied above in May 2011, but failed to maintain above uptrend and now below again since July 2011. It looks like it wants to attempt another upthrust above the trend line now at 11.30. A test and failure to go above it just like in May 2011 will see it fall to 8.50. The next support comes in at 6.80 - 7.10 levels. From the look of things this is the likely out come - 7bob in coming months.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25071985
#387 Posted : Saturday, August 20, 2011 5:02:10 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Last week we saw huge buy interest from mzungu towards banks.
My thinkin is that when they come from their summer vacation and thus nse gets its life back i see them buying up banking stocks.
I keep saying again and again this inflation,drough etc has already bn backed in the price and this stocks CANNOT SELLOFF again. Also supporting my theory we have bottomd, lol.
I read somebody in this forum waiting for the index at 3k mark. Oh boy ! That's wat dreams are made of.
youcan'tstopusnow
#388 Posted : Saturday, August 20, 2011 6:32:42 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah, as always, top notch analysis. Thanks a lot.
GOD BLESS YOUR LIFE
Mainat
#389 Posted : Saturday, August 20, 2011 6:51:09 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
QW- Ksh1000 says we indulge below 3000. What say you? We'll give to Hisah (to stick into a GoK bill)
Sehemu ndio nyumba
QW25071985
#390 Posted : Saturday, August 20, 2011 9:11:46 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Mainat wrote:
QW- Ksh1000 says we indulge below 3000. What say you? We'll give to Hisah (to stick into a GoK bill)


i say nothing my friend ....... I say nothing. I am married to mr.market and guess what we talk abt as we sit on our matrimony bed in the bed room, how he wount allow the index to fall past 3k mark even if market players become irrational beyond comprehension.
570 Pages«<3738394041>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.