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directional forecast
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Metasploit
#1211 Posted : Tuesday, May 16, 2017 2:27:21 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Spikes wrote:
karasinga wrote:
If KQ today(16th May) closes>7.3, around 10.4 will be the next stop.

KQ poised to bow to TA projections.
An imminent red line drawn @7.20/-
It obeys hovering clouds at between 6.4-6.8 where it flew through vapor volume.


it should test 6.4-6.8 for support



“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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karasinga
#1212 Posted : Tuesday, May 16, 2017 2:32:27 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
MSCThink
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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ARAP CHARLES
#1213 Posted : Tuesday, May 16, 2017 2:49:53 PM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
karasinga wrote:
MSCThink


My brother. Iam abit concerned whether you are POSITIVE OR NEGATIVE HERE..
ALSO METhink
Watch and Listen and Live
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karasinga
#1214 Posted : Wednesday, May 17, 2017 7:28:51 AM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
ARAP CHARLES wrote:
karasinga wrote:
MSCThink


My brother. Iam abit concerned whether you are POSITIVE OR NEGATIVE HERE..
ALSO METhink

whatever the case, something is cooking here... optimistically for our own good. The market marker's activities are so telling. ...tilting the scale while in the "zone of interest." Check presence of volume in the last 4 trading days with yesterday's volume reaching > 3.28m.... Please note it is your money you will put at risk.... and lastly do not quote me, I will deny having said anything he he he...

www.businessdailyafrica....t/539550-3920428-qlqxjn/

got my feet wet @0.75. now cannot control the market but only my emotions
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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  | | Edit by user: Wednesday, May 17, 2017 7:55 AM | Reason: Not specified
Spikes
#1215 Posted : Wednesday, May 17, 2017 8:27:03 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
karasinga wrote:
ARAP CHARLES wrote:
karasinga wrote:
MSCThink


My brother. Iam abit concerned whether you are POSITIVE OR NEGATIVE HERE..
ALSO METhink

whatever the case, something is cooking here... optimistically for our own good. The market marker's activities are so telling. ...tilting the scale while in the "zone of interest." Check presence of volume in the last 4 trading days with yesterday's volume reaching > 3.28m.... Please note it is your money you will put at risk.... and lastly do not quote me, I will deny having said anything he he he...

www.businessdailyafrica....t/539550-3920428-qlqxjn/

got my feet wet @0.75. now cannot control the market but only my emotions

Are you in this thing?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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karasinga
#1216 Posted : Wednesday, May 17, 2017 8:41:33 AM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
Spikes wrote:
karasinga wrote:
ARAP CHARLES wrote:
karasinga wrote:
MSCThink


My brother. Iam abit concerned whether you are POSITIVE OR NEGATIVE HERE..
ALSO METhink

whatever the case, something is cooking here... optimistically for our own good. The market marker's activities are so telling. ...tilting the scale while in the "zone of interest." Check presence of volume in the last 4 trading days with yesterday's volume reaching > 3.28m.... Please note it is your money you will put at risk.... and lastly do not quote me, I will deny having said anything he he he...

www.businessdailyafrica....t/539550-3920428-qlqxjn/

got my feet wet @0.75. now cannot control the market but only my emotions

Are you in this thing?

full disclosure as always with no strings attached.
"If I engage in an activity that is inherently risky, then I must be a risktaker." Mark Douglas
dont not forget the point I love
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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  | | Edit by user: Wednesday, May 17, 2017 9:52 AM | Reason: Not specified
karasinga
#1217 Posted : Wednesday, May 17, 2017 11:37:13 AM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
Metasploit wrote:
Spikes wrote:
karasinga wrote:
If KQ today(16th May) closes>7.3, around 10.4 will be the next stop.

KQ poised to bow to TA projections.
An imminent red line drawn @7.20/-
It obeys hovering clouds at between 6.4-6.8 where it flew through vapor volume.


it should test 6.4-6.8 for support



well said mate. wave iv of 3 should be 6.5. Anything lower than this should nullify the wave counting and make us re-think our moves.
When Wave 3 is less than 1.62, (Like in our case) the 5th Wave overextends itself. From research (in my cave), the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3.

Extended Wave 5:
= either 0.62 x length
(beginning of Wave 1 to top of Wave 3)=9.05 or
= length of
(beginning of Wave 1 to top of Wave 3)=10.1 or
= 1.62 x length of
(beginning of Wave 1 to top of Wave 3) =11.8
please note these are my humble opinion and not designed to make you buy or sell. Kindly consult your financial adviser. Trading is risky
best wishes
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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  | | Edit by user: Wednesday, May 17, 2017 12:38 PM | Reason: Not specified
hisah
#1218 Posted : Wednesday, May 17, 2017 12:25:57 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
karasinga wrote:
hisah wrote:
karasinga wrote:
Metasploit wrote:
Metasploit wrote:
Metasploit wrote:
karasinga wrote:
karasinga wrote:
mkate_nusu wrote:
karasinga wrote:
mkate_nusu wrote:
@karasinga please post any developments on KQ chart.
thanks

Hello Mkate_nusu
KQ is at a strategic place("on the run way") on the chart indicating sky is the limit.
Technical reasons.
1. Price in the Golden zone
2. Price has just reacted on a very strong demand zone.(check my chart)
3. Presence of a hidden divergence- denoting continuation on the prior rally
4. Very little volume during the correction.
5. Low of 4.6 might have achieved wave 2.
The list goes on and on. Enough of this... let us look at the chart

expectation
If this is wave 2 then
Wave 3 = either 1.62 x length of Wave 1(10.4)
or 2.62 x length of Wave 1(14.8)
or 4.25 x length of Wave 1(22)
The most common multiples are 1.62 and 2.62. However, if the 3rd Wave is an extended wave, then 2.62 and 4.25 ratios are more common.
Hope this is helpful.
best wishes.
DISCLAIMER
This analysis is designed to inform you on the counter's 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

Price has started respecting your chart Applause Applause Let's watch out for the 10.4 target going forward smile

let us see how market dance. I won't be surprised if I see KQ spike from weekly demand zone. If that does not happen we enjoy the flight. One of the fundamental truth about trading is, "Anything can happen".
best wishes

This is a typical example of how aeroplanes take off. can see 10.4 beckoning sooner than I thought.


6.2-6.5 has to be defeated squarely..This is a tough resistance

5.8-5.9 has formed a support


Historic price volume behaviour on KQ has been constricting bollinger bands and price breakouts


@Karasinga..Your move up is in the offing although 10.4 target IMHO might be ambitious for now..Bands constricting.Price above 20 and 50 day MA



@ metasploit. Thanks for your comment on Kq. If I may, I agree bollinger are constricting, others call it squeeze. My little knowledge with squeeze is it signals a period of low volatility and is considered by traders to be a potential sign of future increased volatility(hopefully bullish in our case to reach our target) and possible trading opportunities. The problem is, by just relying on the bands, they give no indication when the change may take place or which direction price could move. let's watch for presence of technical reasons contrary to our position and act accordingly. 10.4- at least we have an expectation. By the way, did I see your MACD point north...?
best wishes

Forgot to post my KQ analysis here last week - Click here...

Thanks hisah. I like your wording... Keep those posts coming and make this home...

Back to resistance now turned support. The retrace is swiftly covering up those gap up. This is what I meant at captain @obiero, turbulence expected as those air-pockets get filled.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1219 Posted : Wednesday, May 17, 2017 12:32:18 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
NMG vol spike after 100 handle psychological resistance is retested. Will the resistance hold Think

Absorption vol spike it was since resistance has broken down. Intraday high is 108 with VWAP @107. Div deadline is June 9th for those riding the bus.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1220 Posted : Wednesday, May 17, 2017 12:38:11 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
karasinga wrote:
hisah wrote:
Waiting for the monthly close to review the trends.

Affirmative... Kindly post your reviews here. Would really appreciate.
happy hunting

@karasinga, all the banks except KCB have been unable to retrace prices above the pre rate cap shock level Think With this observation KCB and Coop are the only counters showing strength vs the bank bears - KCB being the stronger since it's trading exdiv. CFC vol spike at 58 handle last month finished off the lows with an interesting monthly pattern (bullish doji). This is a zone that got huge vol spike back in May 2013 which made price to rally to around 150 before the current bear struck.

Mpesa bank (SCOM) is spotting a morning star candle on the monthly, still bullish against the 16 handle pin bar low. A monthly close below 16 will mean the bears are regaining control.

@karasinga, indeed KCB and COOP bulls have shown their teeth. Keenly watching CFC monthly close. Will be a nice ride if the setup lines up by month end. Look at NBK bulls harassing the bears smile Serious rally though on vapour volume.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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