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