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CIC FY 2013 results not that good
Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. Been a long and difficult fight..bulls taking over 8 level. Next supply point 8.50
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Metasploit wrote:hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. Been a long and difficult fight..bulls taking over 8 level. Next supply point 8.50 Wow! 8.20 has traded. Behaving like mpesa bank when it broke down very stubborn multi-yr resistance @7.50 and has rocketed ever since...
Btw have you been keeping an eye on EABL as it tries to stay afloat the 220 - 260 range. If this level (multi yr support) breaks down, it will fall off a cliff!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I do not understand the psychological valuation of Stocks..
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Rank: Elder Joined: 9/15/2006 Posts: 3,907
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streetwise wrote:I do not understand the psychological valuation of Stocks.. 
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Rank: Member Joined: 1/13/2014 Posts: 398 Location: Denmark
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muganda wrote:streetwise wrote:I do not understand the psychological valuation of Stocks.. Touche! Seeing is believing
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:Metasploit wrote:hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. Been a long and difficult fight..bulls taking over 8 level. Next supply point 8.50 Wow! 8.20 has traded. Behaving like mpesa bank when it broke down very stubborn multi-yr resistance @7.50 and has rocketed ever since...
Btw have you been keeping an eye on EABL as it tries to stay afloat the 220 - 260 range. If this level (multi yr support) breaks down, it will fall off a cliff! 270 is indeed a tough resistance and after last week sell off ,shorterm support remains at 260.It will be interesting to watch the 5 year support breakdown at 230. @Hisah The volume in Sep 2012 was VERY HIGH..How really low will it go when this happens ?
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Mukiri wrote:Metasploit wrote:hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. I have played it thrice since you hinted at the buy signal at the 4.7 level #Many Thanks @Hisah, Even I say 'Thank you' For a minute there I'd doubted your 8 - 8.30 prediction. You were silent went it began going on reverse immediately after the results. Asi! And my broker wonders
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Madness at this corner!!! Yaani these bulls are seriously going for the fibo extension levels?!? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Crazy rally debunked - http://www.businessdaily...6/-/27r6pl/-/index.html
I can see BD is back online and profusely apologetic to the online netizens. Btw CIC listing price was 3.50, not 4.50 as quoted in the article. Yet again we pick up from where we left, ranting coz of inaccurate details. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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CIC FY 2013 results not that good
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