A big thanks to Stocks Guru : He totally understood what i needed Dude you have eliminated alot of work from me!

The below diagram shows exactly what i mean

The default stochastic gave several signals to buy and sell safaricom over 1 year. You can see i have scribbled on the chart when was to buy and sell



On SEPT 2009 - It was a good time to buy and hold till DEC 2009

On Jan 2010 - It was good time to buy WHY? MACD had crossed the 0 Level mark and Stochastics were over the 50% level

FINAL :

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ANALYSIS OF SCOM FOR THE COMING MONTHS

Stochs are pointing to SCOM declining in price.

@Vvs scom is currently trading on low volumes compared to when its going up,the forward momentum is much stronger than the pull backs...its just a matter of time before we hit a mini rally...use on balance volume...stochs is garbage.

vvs- the market can stay irrational longer than u can stay liquid...

kebaya u rely too much on oscillators ...i hav not seen single mention of trendlines from u...oscillators only work in a trendin mkt...mkts rarely trend..keeo this thread goin tho...

Where do fundamentals fit in all this?

Current and future earnings?

Demand and supply levels?

Etc?

It's rather myopic to analyse price movement in isolation.....

safaricom price is highly dependent on foreign investors. When they are buying, the price moves up or remains stable. When they aren't buying it dips

@kizee: Easier said than done!

The NSE is largely dependent on foreigners due to its strategic positioning as the biggest bourse in E.A and has been one of the best performers in Africa and internationally.

IMHO it is better to buy stock that has made new highs with a corresponding 50%-100% increase in volumes rather than buying low and waiting as the latter is as test of human patience which most of us are poor in.
Be quick to take losses and slow to take profits,protect your capital by all means.You can suffer repeated losses but they are minor and when you get a right move it more than compensates.
6/10 is all takes to remain in the game.
But there are many factors to also consider before carelessly jumping in.

I am waiting for ridicule from cost averaging heroes and "Gurus" of the stock market

yep...I rarely trade for that reason unless I am convinced of +20% gains,around 4 to 5 times a year.I always ignore minor movements and focus on the long trends.I have averaged 17% growth in the last two years after commissions,13% short of my target.I have already made 44% this year,in Jan alone.But my buy and hold investments are still underwater(-33%) so I ain't smiling as yet.I hope to enter into speculation seriously.See you guyz at the top.

Interesting to see the debate on TA with a focus on Safaricom 5 years ago!

@sparkly perhaps you could share some insights on counters you see meeting the criteria. I am caught in between trying out the almost penny stocks for 10-15% gains vs the more established but somehow still sliding/stagnating counters like Britam and KCB