Aguytrying wrote:Metasploit wrote:Metasploit wrote:Metasploit wrote:Aguytrying wrote:PKoli wrote:instinct wrote:watesh wrote:KCB supply has dried up at the moment just around 150k shares up for grabs
any move towards 30 will be violently resisted...
I think kcb and equity will be comfortably in the 30s zone by end of Friday this week.
My thoughts too elder. The leg down was exaggerated and the reset back up to a new normal is on the cards.
Volumes traded is the support. Boy was it massive over the 2 days. Foreigners been bought out. Was it planned???
on 30th Aug,the 775M turnover had 700M foreign buys and 75M local buy for Equity.Foreign sale 95%
KCB had 50% foreign buy and 50% local buy.Foreign sale over 95%
on 29th Aug both Equity and KCB had 99.9% foreign buys.
Foreigners have both smart and panicky investors.
Gaps have to be filled.
Equity target at least 32.5 (When the Gap started)
The shares on offer during the slide, on both counters and the adjustment corresponding to price drop points to one entity who desperately wanted to exit on the news..
Funds have behaved like that.FTSE behaved the same during brexit
Global Markets behaved the same during the first FOMC on QE taper.
That is why we normally have volume spike as smart money takes advantage of news.
Just like that KES 30 is defeated for equity.
My target remains 32.50
Sold at 32.50..waiting for safcom to break 20 resistance for re-entry
I've loaded proper equity and DTB during the uncertainty. Now Im relaxed. I believed these low prices were exaggerated
http://www.businessdaily...539552-3394448-114v12d/
Opus Dei came out speaking on foreigner suitors targeting local market despite rate cap prompting change of sentiment across investors. Otherwise banking stocks would have stayed at the bottom indefinitely. Thanks to CBK governor and as you know everybody has great confidence in him wherever he coughs a rally is likely.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”