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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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karasinga wrote:karasinga wrote:Spikes wrote:karasinga wrote:snipermnoma wrote:
@karasinga any update on KEGN?
in my humble opinion, we have three possibilities(technically). hope you wont mind my busy chart(will get cleaner with time) . it is not easy to put in words what is on the chart. a visual representation might suffice.
1. ABCD harmonic pattern(triangles in blue)
2. bullish butterfly pattern(triangles in green)
3. Elliott wave (numbers in yellow)- MOST reasonable
reasons why most reasonable.
a. wave ‘2’ cannot break the start of wave ‘1’(ELLIOTT RULE)
b. positive reversal signal by RSI
C. volume above average involved
D. VOLUME AT PRICE(horizontal line in magenta) acting as support.
opinions and critisim/comment are most welcomed.
hope this helps. baby steps...
Sometimes the market moves in the opposite direction of the wave count like in the case of Britam.
i agree but only if wave count is wrong or while working with limited data("like in case of Britam") where alternative wave counts must be kept in mind
BIGGER PICTURE
bearish BAT in the making
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis
Above is the most likely scenario. Share trades at a valuation of 1/3 of the shareholders equity. Life is short. Live passionately.
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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sparkly wrote:karasinga wrote:karasinga wrote:Spikes wrote:karasinga wrote:snipermnoma wrote:
@karasinga any update on KEGN?
in my humble opinion, we have three possibilities(technically). hope you wont mind my busy chart(will get cleaner with time) . it is not easy to put in words what is on the chart. a visual representation might suffice.
1. ABCD harmonic pattern(triangles in blue)
2. bullish butterfly pattern(triangles in green)
3. Elliott wave (numbers in yellow)- MOST reasonable
reasons why most reasonable.
a. wave ‘2’ cannot break the start of wave ‘1’(ELLIOTT RULE)
b. positive reversal signal by RSI
C. volume above average involved
D. VOLUME AT PRICE(horizontal line in magenta) acting as support.
opinions and critisim/comment are most welcomed.
hope this helps. baby steps...
Sometimes the market moves in the opposite direction of the wave count like in the case of Britam.
i agree but only if wave count is wrong or while working with limited data("like in case of Britam") where alternative wave counts must be kept in mind
BIGGER PICTURE
bearish BAT in the making
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis
Above is the most likely scenario. Share trades at a valuation of 1/3 of the shareholders equity.
sparkly, explain your statement in details, if you won't mind. fundamentals is my next subject
have not seen snipermnoma yet.
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:karasinga wrote:karasinga wrote:karasinga wrote:TCL
thinking roundly.
baby steps...
watching price action in particular 6.36.....
update
me like what i am seeing today
print of 8.1 at 1000hrs. equivalent to +26%(from 6.4) and going. 
baby steps...
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:EQT
I reserve my comments(for this counter) until EQT prints around 19.5
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:karasinga wrote:EVRD
A shallow pull back expected to the structure. max 2.5 then a possible final leg
update
STATEMENT DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis
behold, EVRD. prints 2.45. watching It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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Rank: Member Joined: 1/3/2014 Posts: 257
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karasinga wrote:karasinga wrote:karasinga wrote:EVRD
A shallow pull back expected to the structure. max 2.5 then a possible final leg
update
STATEMENT DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis
behold, EVRD. prints 2.45. watching
Good call. My history with paka means I would never touch it again not even for speculation.
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Rank: Member Joined: 1/3/2014 Posts: 257
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karasinga wrote:karasinga wrote:karasinga wrote:karasinga wrote:karasinga wrote:TCL
thinking roundly.
baby steps...
watching price action in particular 6.36.....
update
me like what i am seeing today
print of 8.1 at 1000hrs. equivalent to +26%(from 6.4) and going.
baby steps...
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis
Up, up and away!
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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snipermnoma wrote:karasinga wrote:karasinga wrote:karasinga wrote:EVRD
A shallow pull back expected to the structure. max 2.5 then a possible final leg
update
STATEMENT DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis
behold, EVRD. prints 2.45. watching
Good call. My history with paka means I would never touch it again not even for speculation.
"Every moment in the market is unique" remember Mark Douglas. hope you read his book. otherwise, +20%. Welcome back snipermnoma. I hope KEGN "cartoon" was helpful.
baby steps ... It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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snipermnoma wrote:karasinga wrote:karasinga wrote:karasinga wrote:karasinga wrote:karasinga wrote:TCL
thinking roundly.
baby steps...
watching price action in particular 6.36.....
update
me like what i am seeing today
print of 8.1 at 1000hrs. equivalent to +26%(from 6.4) and going.
baby steps...
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis
Up, up and away!
no offense.
baby steps...
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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karasinga wrote:snipermnoma wrote:karasinga wrote:karasinga wrote:karasinga wrote:karasinga wrote:karasinga wrote:TCL
thinking roundly.
baby steps...
watching price action in particular 6.36.....
update
me like what i am seeing today
print of 8.1 at 1000hrs. equivalent to +26%(from 6.4) and going.
baby steps...
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis
Up, up and away!
no offense.
baby steps...
@Karasinga nobody has made money there. Rallying again on vapour volume. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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