sparkly wrote:My amateur chart reading skills tell me that its not really asleep, but forming a 'flag pattern' - going through a period of consolidation, and will resume a strong upward movement very soon. Pros - guru, vvs, mukiha am i on the right track?
@sparkly i'm sure your on the right track... blue chip stocks like EABL tend to rise more gradually and slowly rather than the quick bursts in share price of the other smaller companies... just look at the movement of other blue chips like stanchart, bamburi, and KPLC... what i like is that the share price rise in these is usually very well supported so they have less volatility and solid dividends...
so definately the stock will push upwards as will the others... but remember in a bull market its the riskier smaller counters that run upwards FAST!! so i wouldnt advise shorterm buyers to commit too much of their cheese to blue chips like EABL...
Mark 12:29
Deuteronomy 4:16