50/-? Come, Baby, Come!
Of course, the catch is if the 50/- is as a result of an economic collapse that devastates banks, consumers and the country's economy,

But we are in an economic collapse already.

Applying Elliott waves can sometimes result in unbelievable forecasts. But Elliott Waves is simply the rigorous application of rules and guidelines and you have to then follow where they lead you.

So I am surprised by the forecast I am getting on KENYA AIRWAYS (KQ)



From a top of 18.43 on 20th DEC. 2017 KQ fell in three waves to complete an ABC pattern ending at 1.89. By rules and guidelines of Elliott Waves, three wave moves are usually more than fully retraced by the subsequent wave pattern.

In our case here KQ has found a bottom at 1.89. I now expect KQ to rally to an interim target of 12.90 being the end of blue wave B. An immediate move to 5.5 should be good indication that the rally scenario is playing out. As the pattern stand now, blue wave C is Fibonacci 1 times blue wave A. So I am bullish KQ. The very negative news on KQ should serve as sentiment extreme from whence KQ should rebound. [ Buy when there is blood on the streets]

If on the other hand KQ manages to fall further below 1.35 then there will be no helping it. My Elliott forecast will have been invalidated and I will look to apply an alternate.

Expecting more or less the same thing from a fundies perspective. Currently long this one and shorting Equity. @mnandii would you kindly do the equity chart.

Let's turn our attention to FTSE NSE KENYA 15 and consider the wave counts from the high point labelled TOP above.

From a top of 247.94 the index traced out an impulsive decline labelled 12345 to a low of 167.46 completing wave (A). The index then rallied in three waves labelled ABC to complete wave (B). The index, currently at 216.18 appears to have started its journey down with the sharp decline since topping at 227.11. This level, 227.11, is our resistance line above which the index should not go for this bearish wave count to remain valid. A move to below 205.23 in the coming days will be good indication that the count has validity.

I expect FTSE NSE 15 to fall with targets of 146.99 or lower at 97.21

We'll be tracking the progress of the counts in real time.

Where's @obiero?

CAR AND GENERAL



The data we have of Car and General is from March 2013 from when the share rose from a low of 17.50 to top at 61.91 in three waves here labelled as blue waves ABC.

From the high of 61.91, C & G then fell in five waves labelled here as blue waves 12345. I believe C & G completed a larger Elliott Wave Flat which has now bottomed at 16.49, the wave 5 low.

Accordingly I am now bullish C & G with a Stop Loss at 16.49 and targeting a move to above 61.91. A move to above 29.22 in the coming days will be good indication that this bullish scenario will play out as depicted. The structure of the developing pattern from the low of 16.49 will be key [ideally we want to have five wave impulse move which will indicate the potential for C & G to move higher UP]

We'll keep an eye out and do real time analysis as the pieces of the jigsaw fall in place.

his plane is about to take off!!

WILLIAMSON TEA



Williamson Tea Kenya fell from a high of 434.39 to 122.00 in five waves here labelled as blue waves 12345.

Having completed the five down move I am now bullish on this share. A move to above 166.12 will be good indication that a bull market in Williamson has started. This rally should take Williamson to above 434.39, the previous all time high, in several months to come.

This bullish stance will be rendered null if instead Williamson Tea drops significantly below our Support level of 122.00 in the coming days.

BAT iko - post #3237, can't miss that one