PKoli wrote:hisah wrote:Metasploit wrote:200 coming!
A low of 200 will test today!
Indicators show that EABL is seriously oversold BUT the bid-asks show that sellers still have the energy.Big boys seeking an exit and the market just began another cycle of correction from Monday.
The NSE 20 share index has been on an RSI of 30-32 since 3th Feb with two DCBs.
EABL sag effect... Now I wonder if both EABL and mpesa bank had been on the same hard sellside boat... I will gladly welcome EABL at 200. Most likely the trend will reverse tomorrow. Reasonable demand came in today and will most likely be sustained.
That volume spike!
And with 63% Net Foreign BUY (Although as days go by this is slowly losing meaning)
The floor is at 210 and a bounce is on the offing.
I also saw sizable bids that MIGHT support Mpesa at 11.40-11.50 but lets wait and see what happens tomorrow and Friday
Now wondering whether i should load more of cfc stanbic at 95-101 or get a position on Eabl!
I am 50% liquid after liquidating 100% safcom and 50% HFCK.
After liquidating CFC i will be 40-45% UP in 2014
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”