A bonus sounds good but then a nice fat dividend is a party

mnandii
Rank: Veteran
Joined:
10/11/2006
Posts: 986
mnandii wrote:
15 minute chart of Equity Bank.
The 12345 (1) pattern shown is called an impulse wave. Impulse wave
show the direction of the main trend.
I anticipate Equity to rise to either 56.50 or 58 bob then fall.
Wave 1 is at 61.00
Wave 2 is at 62.00
Wave 3 is at 53.50
Wave 4 is at 56.00
Wave 5 is at 50.00
Size of waves:
Wave 1 = (63-61) = 2.00
Wave 2 = (62-61) = 1.00
Wave 3 = (62-53.50)=8.50
Wave 4 = (56-53.50)=2.50
Wave 5 = (56-50) = 6.00
Wave (1) = (63-50) = 13.00
Golden ratio relationships:
Wave 2 retraced Fibonacci 50% of wave 1.
Wave 3 = Fibonacci 4.236 X Wave 1.
Wave (2) will end at either 56.50 ( 50% retracement of wave (1)) or at 58
(being 61.8% retracement of wave (1)).
All in all, Equity should not return to 63/- at all.

You had better get used to the rich errors.

Equity has only around 3.5 billion shares listed. 2/3.5=58% are being offered for sale?????

the hottest air jm has ever blown in our times

what matters at the end of the day is the impact on the ground. ..is it being felt to the very least. .big NO

Equity is still testing this product. I always use it to send money to mpesa since i realized its cheaper for me.
So many services like bill payment, buying with equitel and atm withdrawal are still inactive on MVNO. Its too early to consider it a flop.

I think if take-off isn't right then we can't fly!

compare,I use mpesa atleast must two times daily.

Equity Group lists on the Rwandan bourse - http://www.standardmedia...e/?articleID=2000151503 via @StandardKenya