Aguytrying wrote:Metasploit wrote:Kingotore wrote:@metaspoilt you have purchased at how much? It seems you are targeting divided and remember we have already consumed interim of sh 0.60. So I expected divided to be equal or less than 0.50 cent. Am waiting for this share at 95 to board again.
I always dont chase Dividends!
Finished my buying and i think CFC bottomed at 102!
Lets watch if any additional supply will pop at 102-103.
Watching for behavior at 105-108
also. since you are watching volumes. demand/supply. what is mumias pattern saying
There is still some good supply on Mumias which might suppress the price around 3 bob for sometimes (Bolinger bands shaping around 3 bob).
Two scenarios;
1.Long accumulation time around 3/= until complete change of hands for upthrust
or
2.The Price will drop to below 3 again for a complete shakeout such that no surprise volumes prop up during the upthrust
19th Feb 2014-Price levels between 2.95 and 3.0(Modest volume)
20th Feb-Price levels between 3.0 and 3.15 (Volume spike and the price closes at 3.0)
21st Feb-Price levels between 3.15 and 3.0-Another volume spike.Price closes at 3.10
The behaviour on 20th clear shows any increase in demand will always be met by a good supply.
NB:Closing price IS NOT the VWAP.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”