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KENOL KOBIL .... 2012
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King G
#1691 Posted : Friday, August 17, 2012 4:22:38 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
This KK/PUMA deal will kill people in Kenya. Either the it will be so sweet like 23 bob or PUMA takes off. the waiting is sooooooo loud!
Thieves
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mwekez@ji
#1692 Posted : Friday, August 17, 2012 4:48:07 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
KK was suspended from trading for 6 weeks starting May 8th to June 20th. After resuming trading, KES 15 has been the support and KES 16.XX has been the resistance. I believe traders are watching those levels.

When KK/Puma open their mouth, a break of either level will occur. It’s very likely to be the upper one and the ride will be ecstatic smile
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hisah
#1693 Posted : Friday, August 17, 2012 5:45:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
hisah wrote:
The cartoon technicals don't look very nice once VWAP is sub 15...



please interpret this cartoon for us, you are a lone voice in this take over. i hope this time u aint right

As @mwekezaji has stated, trading range is between 15 - 16. Below 15 there is something you call whitespace (no support) since this thing went up like a stick from 12.50. So at sub 15, it may get tricky to find a footing before 12.50 is encountered.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#1694 Posted : Friday, August 17, 2012 5:53:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Lakini, is has dipped below 15 before [it went to 14 then rallied back to 16 & now down to 15]. Due to the length of time the graph covers, it seems to have missed/skipped the info in the 14-15 range. Or am I mistaken that it never dropped below 15?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#1695 Posted : Friday, August 17, 2012 6:30:35 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
VituVingiSana wrote:
Lakini, is has dipped below 15 before [it went to 14 then rallied back to 16 & now down to 15]. Due to the length of time the graph covers, it seems to have missed/skipped the info in the 14-15 range. Or am I mistaken that it never dropped below 15?



Touched 14.85 on July 17th and 14.95 on July 18th.



What I'm reading from a technical point is the price has to come down further since the 2nd attempt to run above 16/- was not confirmed by a high reading on the RSI. Which means the bulls strength is waning...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Friday, August 17, 2012 6:32 PM | Reason: Not specified
sparkly
#1696 Posted : Friday, August 17, 2012 6:51:29 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
hisah wrote:
Aguytrying wrote:
hisah wrote:
The cartoon technicals don't look very nice once VWAP is sub 15...



please interpret this cartoon for us, you are a lone voice in this take over. i hope this time u aint right

As @mwekezaji has stated, trading range is between 15 - 16. Below 15 there is something you call whitespace (no support) since this thing went up like a stick from 12.50. So at sub 15, it may get tricky to find a footing before 12.50 is encountered.


It looks like it's consolidating (flag pattern) to be followed by an up up up up movement....
Life is short. Live passionately.
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the deal
#1697 Posted : Saturday, August 18, 2012 12:51:26 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Aguytrying wrote:
hisah wrote:
The cartoon technicals don't look very nice once VWAP is sub 15...



please interpret this cartoon for us, you are a lone voice in this take over. i hope this time u aint right

What that chart tells you is that, there was a huge entry volumes at Ksh11, from there onwards there have been anaemic below par speculative volumes, anybody who bought below Ksh11 is safe even if the takeover fails to go through, since that buyer is most likely to hold the stock...the chart also shows a double top at Ksh16 on the back of an overbought RSI reading which cements Ksh16 as a strong resistance, in the short term the stock will be volatile due to Wanjiku...watch the volumes if we see supernomal exit volumes then it means the big guys have doubts!
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  | | Edit by user: Saturday, August 18, 2012 12:58 AM | Reason: Not specified
King G
#1698 Posted : Tuesday, August 21, 2012 2:00:50 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Silence Sad
Thieves
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Kausha
#1699 Posted : Tuesday, August 21, 2012 3:04:33 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
I am watching this week and next week to see the wisdom or misery of charts. One last chance perhaps to jump on board may be, may be not...mmhh!!
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hisah
#1700 Posted : Tuesday, August 21, 2012 3:19:57 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Still monitoring the daily trading range. Today it is 14.75 - 15.15. Lower highs and Lower lows since Aug 7th... Wanjikus may get spooked and many are fatigued waiting for the announcement...

@deal - double top and overbought conditions... Such convergence - strong sell if giant volume shows up... what say you...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, August 21, 2012 3:23 PM | Reason: Not specified
259 Pages«<168169170171172>»
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