Metasploit wrote:
Been Purchasing CFC stanbic at between 101-102.
Average price 102. 12,700 shares bought so far.8000 to go
I couldnt help but notice that the 130,000 shares ( 5 splits) at 103 ksh on the supply side, a big chunk of it moved from 110 Ksh,provided the ceiling and helped those who were buying at 101-102.
At the close of Trade Total Demand was 148,000 or so against a supply of 179,000.
Noting the bulk of the supply was provided by the 5 splits (130K).So once 103 is cleared,Demand will always outdo supply and next possible resistance will be at 110-115 ksh.
Remember Results due out on or before 1st March.
I dont predict the future but from the demand supply behaviour of today possible floor at 98-100.( I was glued on live trade transaction on this share for more than 5 hours)
Tough resistance due to good supply at 110 and 115.
Today we had a good volume trade of 300,000 shares at 115.Lets see how it goes tomorrow.if and when 115 is done,it is smooth all the way.
Liking the behaviour of KQ(been constricting at 11.50-11.80 and a good volume registered today.Touched a low of 11 ) and Safcom(now flirting with 12 after constricting for a very long time on the 11.60-11.80 levels)
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”