Mangs wrote:sparkly wrote:mlennyma wrote:The rally is here with us almost 20% now
levels to look out for if you entered at KES 2.55 are
KES 3.4;
KES 3.9;
KES 4.3;
KES 4.7.
I will be happy to exit at 4.7.
Lol...what will drive it to 4.7 for you to exit sir? Are we assuming that prices just go up without regard to fundamentals?
There are no fundamentals at play here.
Just market psychology, the ping pong between buyers and sellers, bulls (optimists) and bears (pessimists).
The overrall trend is downward but there will be pull and push before the market agrees on what the share is actually worth.
In other words it's time for Technical Analysis aka cartoons and those are key fibonacci retracement levels.
Life is short. Live passionately.