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Safaricom FY 2016 results net profit up 19.6%
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Metasploit
#51 Posted : Friday, June 24, 2016 12:59:11 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Still no sellers on Saf..Will wait till Wednesday

I had expected worse for NSE.


“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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mlennyma
#52 Posted : Friday, June 24, 2016 1:35:11 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Metasploit wrote:
Still no sellers on Saf..Will wait till Wednesday

I had expected worse for NSE.


heat developing
"Don't let the fear of losing be greater than the excitement of winning."
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Ebenyo
#53 Posted : Friday, June 24, 2016 5:09:43 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Sufficiently Philanga....thropic wrote:

Level to watch out for is the EMA200 level of 12.50 in the coming down leg.



On what basis do u base your observation? Fundamentally,technically and market sentiments.
Towards the goal of financial freedom
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Sufficiently Philanga....thropic
#54 Posted : Friday, June 24, 2016 5:20:33 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
@Ebonyo, when you see a cartoon, then that has to be technical analysis.
12.50 is a strong support for Safaricom which wasn't broken during the global market correction that happened in August last year ón fears of a FED rate hike. We all know that didnt happen until Dec 17th when Yellen and Co. pulled the trigger!
@SufficientlyP
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Ebenyo
#55 Posted : Friday, June 24, 2016 6:22:11 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Sufficiently Philanga....thropic wrote:
@Ebonyo, when you see a cartoon, then that has to be technical analysis.
12.50 is a strong support for Safaricom which wasn't broken during the global market correction that happened in August last year ón fears of a FED rate hike. We all know that didnt happen until Dec 17th when Yellen and Co. pulled the trigger!


Technical analysis is sometimes influenced by sentiments apart from the law of commerce.Currently i dont see any.Brexit-lets wait and see.Tombelson is gone.Bob is ok.I may be wrong.
Towards the goal of financial freedom
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Ericsson
#56 Posted : Monday, June 27, 2016 1:03:08 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
The fall continues as the effects of Brexit and bear run continue
Support will be at around 15-15.50
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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hisah
#57 Posted : Monday, June 27, 2016 2:04:16 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sufficiently Philanga....thropic wrote:

Level to watch out for is the EMA200 level of 12.50 in the coming down leg.


Key level to watch is the August 2015 panic low. If that support is broken that will be a clear warning sign that the bullish structure is running out of gas. Next critical level will be 12.50 as you've pointed out. If it breaks the @aguy can get his 10 handle wish. But I don't expect sub 15 levels with the kind of dividend on offer. Unless H1 shows a very serious earnings weakness, such correction levels will be bought hard.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Spikes
#58 Posted : Monday, June 27, 2016 6:55:04 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
hisah wrote:
Sufficiently Philanga....thropic wrote:

Level to watch out for is the EMA200 level of 12.50 in the coming down leg.


Key level to watch is the August 2015 panic low. If that support is broken that will be a clear warning sign that the bullish structure is running out of gas. Next critical level will be 12.50 as you've pointed out. If it breaks the @aguy can get his 10 handle wish. But I don't expect sub 15 levels with the kind of dividend on offer. Unless H1 shows a very serious earnings weakness, such correction levels will be bought hard.



You have not factored in Brexit aftershocks.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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mlennyma
#59 Posted : Monday, June 27, 2016 9:44:45 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
May this UK elephant vomit,lord hear me.
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#60 Posted : Monday, June 27, 2016 11:19:43 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Sufficiently Philanga....thropic wrote:

Level to watch out for is the EMA200 level of 12.50 in the coming down leg.


Key level to watch is the August 2015 panic low. If that support is broken that will be a clear warning sign that the bullish structure is running out of gas. Next critical level will be 12.50 as you've pointed out. If it breaks the @aguy can get his 10 handle wish. But I don't expect sub 15 levels with the kind of dividend on offer. Unless H1 shows a very serious earnings weakness, such correction levels will be bought hard.


Sounds like music to my ears. I have waited for almost 4 years. May it come to pass. This stock should be on every NSE investors portfolio
The investor's chief problem - and even his worst enemy - is likely to be himself
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