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directional forecast
Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:karasinga wrote:SASN  a nice strong rejection at the PRZ.  BEHOLD, +15% and going as on 19th oct 2016 at 1220hrs. a supply zone at 19.79. my eyes on the market  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 winskype 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:Othelo wrote:karasinga wrote:karasinga wrote:karasinga wrote:brayosylvan wrote:I have narrowed down my trading to Kengen, Safaricom and Standard Chartered- I want to make my money as consistently as possible mostly by dividend and stock value changes. I need someone to analyze these 3 companies; I make 3 trades per year and my projection is at least a minimum of 50% return on investment. Who has the dates and the graphs for 2017? I know safaricom has already announced closing date in December- kindly some analysis on the other 2 stocks... @brayosylvan. welcome to this thread. Here we show the market as it is and currently learning to live on the right side of the chart as opposed to the left. left side is the past and past is the past, but can help us know where we are. Those are excellent thoughts and requests you have there.... any one to provide more data in excel format(OHLC) and will work on it. baby steps....  @brayosylvan. let me try scom. i repeat, let me try. hope this helps my thoughts on the chart. hope this pattern and other before are not forced. its lonely here wazuan. opinions plz  IF HOLDING SCOM WATCH CAREFULLY targets almost being hit.below is a chart as on 26th july 2016 at 1340hrs with targets well labeled.  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 'we' are in this until RIP so no worries UPDATE hope you wont mind my busy chart. will get clean with time  baby steps... When a simple pattern develops in a wave ‘2’ position(like it did for scom), a more complex pattern that combines patterns may develop in the wave ‘4’ position. This is known as the guideline of alternation.possible buy target between 17.9 and 17.5  watching closely. baby steps... 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 Looking forward to this one!
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Rank: Member Joined: 1/3/2014 Posts: 257
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karasinga wrote:snipermnoma wrote:Spikes wrote:
@Karasinga what is your take on Kengen's huge volume 752% above average in today's trade?
@karasinga, yes KEGN cartoon was helpful. It confirmed the mini rally that is expected based on the low P/B plus high div yield. @spikes has pointed out another issue about volume, my take is this is yet another confirmation of an uptick. FY results to be released soon. KenGen Ltd Ord. 2.50 broke above the upside resistance level of 6.25, 26 day(s) ago. This is a bullish sign. This previous resistance level of 6.25 may now provide downside support. Volume on the day of the breakout was quite light---92% below average. The most reliable breakouts are accompanied with increased volume. However, prices have risen some distance since breaking out--8.03%, thereby adding more validity to the breakout.  having said that, there is a possibility wave 2 to form either: 1. flat pattern (check gold trend lines on the chart) to the said 6.25. 2. bullish bat pattern to 5.86 (has high confluence with volume at price @ 5.82) currently price seems to be struggling(2 dojis) at a resistance offered by 200MA and the volumes seen in the last two trading days is not in harmony with price movement- indicating weakness.(This could be a "insider" offloading to wait for the price lower) in my humble opinion, we can wait for price patiently between 6.25 and 5.82.(but do your due deligence) hope this helps 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 The fundamentals to support this are in. PAT down and no dividend. Down it comes. Again cartoons pointed an expected outcome...that is coming to pass.
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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snipermnoma wrote:karasinga wrote:snipermnoma wrote:Spikes wrote:
@Karasinga what is your take on Kengen's huge volume 752% above average in today's trade?
@karasinga, yes KEGN cartoon was helpful. It confirmed the mini rally that is expected based on the low P/B plus high div yield. @spikes has pointed out another issue about volume, my take is this is yet another confirmation of an uptick. FY results to be released soon. KenGen Ltd Ord. 2.50 broke above the upside resistance level of 6.25, 26 day(s) ago. This is a bullish sign. This previous resistance level of 6.25 may now provide downside support. Volume on the day of the breakout was quite light---92% below average. The most reliable breakouts are accompanied with increased volume. However, prices have risen some distance since breaking out--8.03%, thereby adding more validity to the breakout. having said that, there is a possibility wave 2 to form either: 1. flat pattern (check gold trend lines on the chart) to the said 6.25. 2. bullish bat pattern to 5.86 (has high confluence with volume at price @ 5.82) currently price seems to be struggling(2 dojis) at a resistance offered by 200MA and the volumes seen in the last two trading days is not in harmony with price movement- indicating weakness.(This could be a "insider" offloading to wait for the price lower) in my humble opinion, we can wait for price patiently between 6.25 and 5.82.(but do your due deligence) hope this helps 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 The fundamentals to support this are in. PAT down and no dividend. Down it comes. Again cartoons pointed an expected outcome...that is coming to pass. ON THE FLIP SIDE. A deeper postmortem of KEGN, PA has for the last 2 days closed>200sma. This could mean high volume seen recently were breaking resistance offer by SMA(6.86). 5 day ADR is low(0.0825 cents) . It will be interesting to see what happens on 21st oct 2016. A close > 6.9 might confirm the bulls but a close < 6.9 might confirm presence of bears. Remember "anything can happen". PA is the king Baby steps... It's not over until I winskype 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:snipermnoma wrote:karasinga wrote:snipermnoma wrote:Spikes wrote:
@Karasinga what is your take on Kengen's huge volume 752% above average in today's trade?
@karasinga, yes KEGN cartoon was helpful. It confirmed the mini rally that is expected based on the low P/B plus high div yield. @spikes has pointed out another issue about volume, my take is this is yet another confirmation of an uptick. FY results to be released soon. KenGen Ltd Ord. 2.50 broke above the upside resistance level of 6.25, 26 day(s) ago. This is a bullish sign. This previous resistance level of 6.25 may now provide downside support. Volume on the day of the breakout was quite light---92% below average. The most reliable breakouts are accompanied with increased volume. However, prices have risen some distance since breaking out--8.03%, thereby adding more validity to the breakout. having said that, there is a possibility wave 2 to form either: 1. flat pattern (check gold trend lines on the chart) to the said 6.25. 2. bullish bat pattern to 5.86 (has high confluence with volume at price @ 5.82) currently price seems to be struggling(2 dojis) at a resistance offered by 200MA and the volumes seen in the last two trading days is not in harmony with price movement- indicating weakness.(This could be a "insider" offloading to wait for the price lower)in my humble opinion, we can wait for price patiently between 6.25 and 5.82.(but do your due deligence) hope this helps baby steps... The fundamentals to support this are in. PAT down and no dividend. Down it comes. Again cartoons pointed an expected outcome...that is coming to pass. ON THE FLIP SIDE. A deeper postmortem of KEGN, PA has for the last 2 days closed>200sma. This could mean high volume seen recently were breaking resistance offer by SMA(6.86). 5 day ADR is low(0.0825 cents) . It will be interesting to see what happens on 21st oct 2016. A close > 6.9 might confirm the bulls but a close < 6.9 might confirm presence of bears. Remember "anything can happen". PA is the king Baby steps... what.....! PA is the king... It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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 It's not over until I winskype 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:snipermnoma wrote:karasinga wrote:snipermnoma wrote:Spikes wrote:
@Karasinga what is your take on Kengen's huge volume 752% above average in today's trade?
@karasinga, yes KEGN cartoon was helpful. It confirmed the mini rally that is expected based on the low P/B plus high div yield. @spikes has pointed out another issue about volume, my take is this is yet another confirmation of an uptick. FY results to be released soon. KenGen Ltd Ord. 2.50 broke above the upside resistance level of 6.25, 26 day(s) ago. This is a bullish sign. This previous resistance level of 6.25 may now provide downside support. Volume on the day of the breakout was quite light---92% below average. The most reliable breakouts are accompanied with increased volume. However, prices have risen some distance since breaking out--8.03%, thereby adding more validity to the breakout. having said that, there is a possibility wave 2 to form either: 1. flat pattern (check gold trend lines on the chart) to the said 6.25. 2. bullish bat pattern to 5.86 (has high confluence with volume at price @ 5.82) currently price seems to be struggling(2 dojis) at a resistance offered by 200MA and the volumes seen in the last two trading days is not in harmony with price movement- indicating weakness.(This could be a "insider" offloading to wait for the price lower)in my humble opinion, we can wait for price patiently between 6.25 and 5.82.(but do your due deligence) hope this helps baby steps... The fundamentals to support this are in. PAT down and no dividend. Down it comes. Again cartoons pointed an expected outcome...that is coming to pass. ON THE FLIP SIDE. A deeper postmortem of KEGN, PA has for the last 2 days closed>200sma. This could mean high volume seen recently were breaking resistance offer by SMA(6.86). 5 day ADR is low(0.0825 cents) . It will be interesting to see what happens on 21st oct 2016. A close > 6.9 might confirm the bulls but a close < 6.9 might confirm presence of bears. Remember "anything can happen". PA is the king Baby steps... what.....! PA is the king... @karasinga Indeed. Weighted price today was 5.95. Anything can happen but cartoons tend to aid in seeing the direction the market is more likely to take.
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Rank: Member Joined: 1/3/2014 Posts: 257
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“You don’t need to know what’s going to happen next to make money. Anything can happen. Every moment is unique, meaning every edge and outcome is truly a unique experience. The trade either works or it doesn’t.” – Mark Douglas
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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snipermnoma wrote:“You don’t need to know what’s going to happen next to make money. Anything can happen. Every moment is unique, meaning every edge and outcome is truly a unique experience. The trade either works or it doesn’t.” – Mark Douglas well said snipermnoma. can see you are doing well with the reading. qouting Mark Douglas beginning chapter 11. "If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game. We use market analysis to identify the patterns, define the risk, and determine when to take profits. The trade either works or it doesn't. In any case, we go on to the next trade. It's that simple, but it's certainly not easy. In fact, trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be. Trading is hard because you have to operate in a state of not having to know, even though your analysis may turn out at times to be "perfectly" correct. To operate in a state of not having to know, you have to properly manage your expectations. To properly manage your expectations, you must realign your mental environment so that you believe without a shadow of a doubt in the five fundamental truths." love this guy It's not over until I winskype 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:snipermnoma wrote:karasinga wrote:snipermnoma wrote:Spikes wrote:
@Karasinga what is your take on Kengen's huge volume 752% above average in today's trade?
@karasinga, yes KEGN cartoon was helpful. It confirmed the mini rally that is expected based on the low P/B plus high div yield. @spikes has pointed out another issue about volume, my take is this is yet another confirmation of an uptick. FY results to be released soon. KenGen Ltd Ord. 2.50 broke above the upside resistance level of 6.25, 26 day(s) ago. This is a bullish sign. This previous resistance level of 6.25 may now provide downside support. Volume on the day of the breakout was quite light---92% below average. The most reliable breakouts are accompanied with increased volume. However, prices have risen some distance since breaking out--8.03%, thereby adding more validity to the breakout. having said that, there is a possibility wave 2 to form either: 1. flat pattern (check gold trend lines on the chart) to the said 6.25. 2. bullish bat pattern to 5.86 (has high confluence with volume at price @ 5.82) currently price seems to be struggling(2 dojis) at a resistance offered by 200MA and the volumes seen in the last two trading days is not in harmony with price movement- indicating weakness.(This could be a "insider" offloading to wait for the price lower)in my humble opinion, we can wait for price patiently between 6.25 and 5.82.(but do your due deligence) hope this helps baby steps... The fundamentals to support this are in. PAT down and no dividend. Down it comes. Again cartoons pointed an expected outcome...that is coming to pass. ON THE FLIP SIDE. A deeper postmortem of KEGN, PA has for the last 2 days closed>200sma. This could mean high volume seen recently were breaking resistance offer by SMA(6.86). 5 day ADR is low(0.0825 cents) . It will be interesting to see what happens on 21st oct 2016. A close > 6.9 might confirm the bulls but a close < 6.9 might confirm presence of bears. Remember "anything can happen". PA is the king Baby steps... what.....! PA is the king... @karasinga Indeed. Weighted price today was 5.95. Anything can happen but cartoons tend to aid in seeing the direction the market is more likely to take. A finite number of traders participate in the markets on any given day, week, or month. Many of these traders do the same kind of things over and over in their attempt to make money. In other words, individuals develop behavior patterns, and a group of individuals, interacting with one another on a consistent basis, form collective behavior patterns. These behavior patterns are observable and quantifiable, and they repeat themselves with statistical reliability."cartoons" organizes this collective behavior into identifiable patterns that can give a clear indication of when there is a greater probability of one thing happening over another. In a sense, "cartoons" allows you to get into the mind of the market to anticipate what's likely to happen next, based on the kind of patterns the market generated at some previous moment. I feel I am talking in empty room with 70 people watching from glass windows outside. could be a break will suffice. cheers mate. baby steps... It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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