KK today has traded 12.60/- emphatically slicing through 13.50 and 13/- support zones though on thin volume. The breakout looms and to the downside (shakeout central coming soon). VWAP closed @13.10. 13 had better hold...
Another breakout candidate MSC is trading heavy today down to 4.60/- VWAP closed @4.80. 4.50 had better hold.
I'm liking the KCB breakdown from 39/- even before results are out. Near term support is 35/-
AK after a furious rally has met solid resistance at 6.95/- and the correction is in order. Support level lies @5.60 - 5.80. I expect the price to be defended between 6/- and 5.50/-
Mpesa bank has flipped 357M in turnover. Chart pattern is hinting at a move to retest 5.80/- before attempting to spike to 6/- Never thought this counter would hold up during this political period.
EABL seems to have found some footing at 270 - 275 level. Will it hold or bleed towards where support is stronger esp 230 - 250 zone.
Kengen continues to slide. That rights issue alert just pulled the handbrake while cruising on the highway. Who drives like that...
KQ has really tried to keep afloat above 10.50/- But this one is still volatile and a slight fire spark and it burns. Sentiments are very negative to attract a contra play, but those Q3 results were very discouraging to attempt catching this knife.
I still see NBK slumping back to 16/- even if it's trying to rally. A rally boosted by volume fumes is usually retraced entirely...
Meanwhile let's see if NSE20 will get supported at 4480 - 4500 this week.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!