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How to tell NSE has bottomed out
Rank: New-farer Joined: 11/12/2012 Posts: 92
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so they can sell the index short?
it will be interesting to see the relationship between theFTSE NSE 25 and the real thing.
They have good charts on forexpros....the index just pierced through the 50 day SMA...after a head and shoulder pattern....sad these guys dont have donchian channels..but any breakouts of 80+day highs should be taken damn seriously...also there is not enough data to plot 100-200SMA.
Any one with mystocks charts? i dont track the NSE nowadays.
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Rank: Member Joined: 10/26/2012 Posts: 136
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dunkang wrote:Yaani KQ is still strongly well above 10/- even after a series of extremely negative never ending news. How i wish safcom had such strong shareholders. It does don't worry am in there thick & thin
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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More than half a billion in turnover was traded between Bamburi and Mpesa bank today. Bamburi trades an eye popping 1,944,400 shares with a turnover of 359.7M - biggest turnover of the day followed by mpesa bank which trades 54M shares with a turnover of 271M. Too much volume still floating around in December... Where is this cash coming from during the festive month when trading slows down. Even the $4 trillion fx market slows down in Dec... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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hisah wrote:More than half a billion in turnover was traded between Bamburi and Mpesa bank today. Bamburi trades an eye popping 1,944,400 shares with a turnover of 359.7M - biggest turnover of the day followed by mpesa bank which trades 54M shares with a turnover of 271M.
Too much volume still floating around in December... Where is this cash coming from during the festive month when trading slows down. Even the $4 trillion fx market slows down in Dec... Potential of intra institutional exchange/trade offs. it isn't unheard of...especially considering no visible change in price..meaning it's more of a large volume per transaction compared to varying volume lots with loads of transactions... this isn't something general populace is known to do...unified consensus on selling on one price. It has to be an outside trade exchange arrangement that between buyer and seller..as in known to one another.. #my 2cents ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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I thought KCB would "bottom" at 25/= this Dec. I'm dissapointed! The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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jerry wrote:I thought KCB would "bottom" at 25/= this Dec. I'm dissapointed! I was hoping it can slide to 25/- but after looking at the MSCI KE chart, it seems this short window of opportunity at 27/- is now closing 
Posting the chart shortly.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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 The overbought levels have been reset and the bollinger bands flattened to neutral. Volume is also building up. The chances of a breakout outweigh breakdown. I expect to see the likes of KCB, Mpesa bank, EABL, BAT, Equity, SCBK, ARM and Bamburi to continue stretching the 2012 highs. Seems January will explode into a huge rally when trading desks are in full operation both locally and abroad. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mpesa bank, EABL, KCB and Equity dominated turnover today. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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BAT closes @472/- (new all time high) and on course to test 500/- while EABL continues posting all time highs aiming 300/- $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Citibank analysts have predicted that profitability of Kenyan banks could drop by double digits next year, weighed down by the fall in lending rates and higher costs of mobilising deposits. The research arm of the American-owned commercial bank projects that although Kenyan banks will see growth in volume of new loans, there will be a 12 percent fall in profit after tax as net interest margins fall since higher deposit rates will persist even as the lending rates drop considerably. http://www.businessdaily.../-/jeaceqz/-/index.html
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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The Competition Authority has launched investigations into price fixing by banks, petroleum companies and grain millers as it seeks to protect consumers from cartels. http://www.businessdaily...4/-/764kuc/-/index.html
Well, a couple of listed firms will be on the spot then... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:The overbought levels have been reset and the bollinger bands flattened to neutral. Volume is also building up. The chances of a breakout outweigh breakdown. I expect to see the likes of KCB, Mpesa bank, EABL, BAT, Equity, SCBK, ARM and Bamburi to continue stretching the 2012 highs. Seems January will explode into a huge rally when trading desks are in full operation both locally and abroad. Breakout on the way as 2012 high (1120) in November is surpassed. The new high is now at 1132 as the bollinger bands upper border is already bending upwards suggesting the breakout is on course. RSI is already at overbought levels at this point. The chart is still bullish. January will be very interesting if this bid pressure can be maintained.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mid day - EABL turnover @78M but can't be seen on volume nor price spike. Just stealth  Update: Day close - EABL trades 1,130,000 shares with a turnover of 294M on 41 deals. Finishing as the 2nd day mover. Meanwhile Bamburi trades yet again starts the week on heavy share volume. 2,519,000 have traded today with a turnover of 478M on 7 deals - largest mover today. A solid base is being laid at 180 - 190 zone. Will be interesting to see it challenge 240/- all time highs set back in 2006 later next year as long as politics behaves. So between Bamburi and EABL, traded turnover is 772M. And this is December!? So what will be the turnover in January/Feb as the top 10 bluechips are picked up again?! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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BAT intraday trades 490/- as it keeps on posting new all time highs. Best ask today is 500/- for 10,000 shares. Today's trades are net foreign buys. Kengen too is bouncing hard after over selling post exdiv. I still expect it to trade above 10.50/- in coming weeks. Still cheap from here. MSC has reclaimed the 5/- handle. Was oversold from 6.45/- and now bouncing aiming 5.50 - 5.90/- before the next downside phase. I don't see the value being chased here with all the negative fundies baked into this counter. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:BAT intraday trades 490/- as it keeps on posting new all time highs. Best ask today is 500/- for 10,000 shares. Today's trades are net foreign buys.
Kengen too is bouncing hard after over selling post exdiv. I still expect it to trade above 10.50/- in coming weeks. Still cheap from here.
MSC has reclaimed the 5/- handle. Was oversold from 6.45/- and now bouncing aiming 5.50 - 5.90/- before the next downside phase. I don't see the value being chased here with all the negative fundies baked into this counter. KK VWAP at 14.05 with a high of 14.60. ScanGroup hits 70. Never thought it would be back to these heights so soon. cnn, you still here? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Btw NSE20 regained the 4100 handle today. Closed @4,124.06 up 38.36pts (0.93%). $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:Btw NSE20 regained the 4100 handle today. Closed @4,124.06 up 38.36pts (0.93%). 2011 - bear, 2012 - bull, 2013 onwards - ??? If we do it right in March 2013 election, then we'll be set for a multi-years bull like when Obako took power in 2002
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Intraday EABL turnover is almost clocking half a billion! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Insider buying - http://www.businessdaily...8/-/xnbc8u/-/index.html Watch these firms. Already some have flipped huge returns this year. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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I agree but I think some of them are using it as a tactic.Once confidence on the counters goes up and the price too they exit.Is it a possibility? Uncertainty is certain.Let go
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How to tell NSE has bottomed out
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