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How to tell NSE has bottomed out
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Indeed -> NSSF must clean up act to win confidence of workers Read more at: http://www.standardmedia...n-confidence-of-workers
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:Profit taking has been quite shallow than I expected esp on mpesa bank, simba, eabl, bamburi & member. 4900 will likely stall the slide.
Laggards kk, kq, nbk & kplc are floating as expected. MSC somehow is still above 3/- but the sugar industry is as disordered as it gets at the moment.
@aguy - tps is worth a shot for recovery, but illiquid counter. Less riskier than kq for those without hearts of steel to board the kq mbus...
The next solid bull boost is the eurobond float. If it happens when NSE20 is above 5500, I'd expect 6000 and the all time high level @6161 to be tested... By then a lot of crappy stocks will be floating high. The idea is to avoid that crappy corner in case of a shakeout event... Just like 5000, at 6k level the selling pressure will be solid resisting bulls for a while... Hisah,shouldnt we expect more dip on the blue chips as we near Fed Meeting on 17th Dec ? Guess we should see stocks dipping next week just like it was before june 21st.foreigners have been selling blue chips
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Do you smell em bargains coming? :)
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Do you smell em bargains coming? :)
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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the deal wrote:Do you smell em bargains coming? :) Picked this from my thoughts! I smell alot of weakness; safaricom (see how supply at 10.40 is increasing while demand at 10.35 is constant,even the huge bid at 10.25 was cancelled ),Equity has lost support at 33,KCB struggling to stay above 45,EABL too struggling to stay above 300. NEXT WEEK WILL BE VERY EXCITING.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: New-farer Joined: 2/26/2012 Posts: 25 Location: moscow na muranga
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Metasploit wrote:hisah wrote:Profit taking has been quite shallow than I expected esp on mpesa bank, simba, eabl, bamburi & member. 4900 will likely stall the slide.
Laggards kk, kq, nbk & kplc are floating as expected. MSC somehow is still above 3/- but the sugar industry is as disordered as it gets at the moment.
@aguy - tps is worth a shot for recovery, but illiquid counter. Less riskier than kq for those without hearts of steel to board the kq mbus...
The next solid bull boost is the eurobond float. If it happens when NSE20 is above 5500, I'd expect 6000 and the all time high level @6161 to be tested... By then a lot of crappy stocks will be floating high. The idea is to avoid that crappy corner in case of a shakeout event... Just like 5000, at 6k level the selling pressure will be solid resisting bulls for a while... Hisah,shouldnt we expect more dip on the blue chips as we near Fed Meeting on 17th Dec ? Guess we should see stocks dipping next week just like it was before june 21st.foreigners have been selling blue chips what is that?  chasing after the wind
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Back to the days of the likes of express and och "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Week on week, turnover declined to Kes.3.20bn from Kes.3.70bn posted the previous week, the number of shares traded stood at 139M against 176M the previous week.
The NSE 20 Share Index shaved-off a total of 124.11 points during the week to stand at 4976.77.
All Share Index (NASI) was down 3.17% during the week to settle at 136.70 points.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Expanding bolinger bands on Equity bank.And for the third day it closes below the lower bolinger band with stretch down low (low of 32.75) RSI and MACD have been seeing lower lows. This one might test 31 levels  http://markets.ft.com/re...eets/Summary?s=EQTY:NAI
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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The Rule of Thumb in a Bull Market and the Securities Exchange has been in a Bull Trend since May 2012, is that corrections should not be deeper than 10%.
The Nairobi All share could not snap a 6 Consecutive Session losing Sequence and eased 0.877% to close at 136.70.
The Nairobi All Share is +44.107% in 2013 and has corrected 4.124% off a record set 7 sessions ago.
The Nairobi NSE20 fell 28.67 points and closed below the 5,000 level for the first time since November 6th.
Equity Turnover was 441.833m and substantially lower than the preceding session which totalled 690.935m.
There were 10 Winners and 26 Losers at the Exchange.
The Equity Market has been in a soft patch for 6 Trading Sessions.
Market conditions are thinner as we have approach the Festive Season and that might have accentuated some of the Moves seen this week.
Rich. Agreed
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Metasploit wrote:Expanding bolinger bands on Equity bank.And for the third day it closes below the lower bolinger band with stretch down low (low of 32.75) RSI and MACD have been seeing lower lows. This one might test 31 levels http://markets.ft.com/re...eets/Summary?s=EQTY:NAI
 "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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murchr wrote:Metasploit wrote:Expanding bolinger bands on Equity bank.And for the third day it closes below the lower bolinger band with stretch down low (low of 32.75) RSI and MACD have been seeing lower lows. This one might test 31 levels http://markets.ft.com/re...eets/Summary?s=EQTY:NAI
Thanks Murchr.Please add the bolinger bands and candle sticks on the FT Link.Also include RSI 14 and MACD (24,52) on the chart
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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need to learn the bolingo bands mumbo jambo.. honestly I dont look at the neck and shoulders as implied on CNBC and other authorities.. iv seen them fail in NSE.. but all the same, I need to learn
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Metasploit wrote:murchr wrote:Metasploit wrote:Expanding bolinger bands on Equity bank.And for the third day it closes below the lower bolinger band with stretch down low (low of 32.75) RSI and MACD have been seeing lower lows. This one might test 31 levels http://markets.ft.com/re...eets/Summary?s=EQTY:NAI
Thanks Murchr.Please add the bolinger bands and candle sticks on the FT Link.Also include RSI 14 and MACD (24,52) on the chart Am not able to see the option to manipulate the chart "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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murchr wrote:Metasploit wrote:murchr wrote:Metasploit wrote:Expanding bolinger bands on Equity bank.And for the third day it closes below the lower bolinger band with stretch down low (low of 32.75) RSI and MACD have been seeing lower lows. This one might test 31 levels http://markets.ft.com/re...eets/Summary?s=EQTY:NAI
Thanks Murchr.Please add the bolinger bands and candle sticks on the FT Link.Also include RSI 14 and MACD (24,52) on the chart Am not able to see the option to manipulate the chart Maybe you need to sign in to FT. Please check the tabs section.You will see Add to portfolio Add to watchlist Set alert Interactive chart Historical prices Data definitions Click on Interactive chart. You will be able to manipulate the charts. @Obiero.These things work 90% of the time even in NSE.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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I doubt if it will show here ![](http://markets.ft.com/research/InteractiveChart?symbol=5190372&options={"StartDate":null,"EndDate":null,"LowerIndicator":[{"Args":[{"Type":0,"Value":14}],"Code":21,"UID":213778138}],"UpperIndicator":[{"Args":[{"Type":0,"Value":20},{"Type":1,"Value":2}],"Code":2,"UID":957395593}],"Overlay":[],"ChartStyle":1,"ChartScale":1,"CursorStyle":1,"Interval":3,"Duration":2,"Comparison":[],"PortfolioName":null,"Width":950,"Height":400,"ActiveTool":null}) "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Metasploit wrote:murchr wrote:Metasploit wrote:murchr wrote:Metasploit wrote:Expanding bolinger bands on Equity bank.And for the third day it closes below the lower bolinger band with stretch down low (low of 32.75) RSI and MACD have been seeing lower lows. This one might test 31 levels http://markets.ft.com/re...eets/Summary?s=EQTY:NAI
Thanks Murchr.Please add the bolinger bands and candle sticks on the FT Link.Also include RSI 14 and MACD (24,52) on the chart Am not able to see the option to manipulate the chart Maybe you need to sign in to FT. Please check the tabs section.You will see Add to portfolio Add to watchlist Set alert Interactive chart Historical prices Data definitions Click on Interactive chart. You will be able to manipulate the charts. @Obiero.These things work 90% of the time even in NSE. Imekataa....maybe its time Wazua Admin upgraded "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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murchr wrote:Metasploit wrote:murchr wrote:Metasploit wrote:murchr wrote:Metasploit wrote:Expanding bolinger bands on Equity bank.And for the third day it closes below the lower bolinger band with stretch down low (low of 32.75) RSI and MACD have been seeing lower lows. This one might test 31 levels http://markets.ft.com/re...eets/Summary?s=EQTY:NAI
Thanks Murchr.Please add the bolinger bands and candle sticks on the FT Link.Also include RSI 14 and MACD (24,52) on the chart Am not able to see the option to manipulate the chart Maybe you need to sign in to FT. Please check the tabs section.You will see Add to portfolio Add to watchlist Set alert Interactive chart Historical prices Data definitions Click on Interactive chart. You will be able to manipulate the charts. @Obiero.These things work 90% of the time even in NSE. Imekataa....maybe its time Wazua Admin upgraded Thanks alot Murchr.i have been trying to upload the charts.But at least you were able to manipulate the charts ? FT is very handy and its free
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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