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Elliott Wave Analysis Of The NSE 20
mnandii
#3481 Posted : Friday, May 29, 2020 6:49:43 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Ericsson wrote:
mnandii wrote:


Diamond Trust Bank appears set to fall much further. Sub 50.00s on the cards.
If however it rises above 89.10 then I will re-assess. This however is a remote possibility


Yesterday closed at 71

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#3482 Posted : Friday, May 29, 2020 6:52:55 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


Still waiting for SAFARICOM sub-14.00
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
Ericsson
#3483 Posted : Friday, May 29, 2020 7:12:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
mnandii wrote:


Still waiting for SAFARICOM sub-14.00

Unless the profit declines/issue a profit warning
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#3484 Posted : Friday, May 29, 2020 9:10:53 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
mnandii wrote:


I believe my bullish forecast on KQ has worked wonders. And most people are quite surprised by the recent rise despite KQ posting major losses.

All we had to do to catch a bottom was to count ABC! See, quite easy.

Now the small Downward retracement is making people jittery, some will even sell at a loss. I say, stay PUT. See how strong the turn UP for KQ was? I expect it to rise further UP.
When (If) it moves above Ksh 5.50 then our bullishness will even be more firmed. KQ will likely defy the rest of the market and rise above Ksh 13.00.

On the other hand, a disclaimer is necessary. If KQ falls below Ksh 0.829 then we'll have to abandon this forecast. THIS however, judging by the structure of the recent rise and the Elliott Wave counts, is a remote possibility.

CONCLUSION: Do not sell KQ. Buy more.

Laughing out loudly Laughing out loudly Laughing out loudly This is another forecast to be marked.
"Rise above 13/-" Laughing out loudly Laughing out loudly Laughing out loudly
Forget 13/-, let's wait for 5.50
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Kibe21
#3485 Posted : Friday, May 29, 2020 10:33:56 AM
Rank: New-farer

Joined: 8/1/2018
Posts: 60
Location: Nairobi
Hi, Mnandii, could you do one on KPLC?
mnandii
#3486 Posted : Friday, May 29, 2020 12:07:34 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
VituVingiSana wrote:
mnandii wrote:


I believe my bullish forecast on KQ has worked wonders. And most people are quite surprised by the recent rise despite KQ posting major losses.

All we had to do to catch a bottom was to count ABC! See, quite easy.

Now the small Downward retracement is making people jittery, some will even sell at a loss. I say, stay PUT. See how strong the turn UP for KQ was? I expect it to rise further UP.
When (If) it moves above Ksh 5.50 then our bullishness will even be more firmed. KQ will likely defy the rest of the market and rise above Ksh 13.00.

On the other hand, a disclaimer is necessary. If KQ falls below Ksh 0.829 then we'll have to abandon this forecast. THIS however, judging by the structure of the recent rise and the Elliott Wave counts, is a remote possibility.

CONCLUSION: Do not sell KQ. Buy more.

Laughing out loudly Laughing out loudly Laughing out loudly This is another forecast to be marked.
"Rise above 13/-" Laughing out loudly Laughing out loudly Laughing out loudly
Forget 13/-, let's wait for 5.50


Shame on you Laughing out loudly Laughing out loudly

Hehe. Yawa!
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#3487 Posted : Friday, May 29, 2020 12:24:23 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Kibe21 wrote:
Hi, Mnandii, could you do one on KPLC?


Checking on it.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#3488 Posted : Friday, May 29, 2020 12:44:28 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
Kibe21 wrote:
Hi, Mnandii, could you do one on KPLC?


Checking on it.




KPLC appears to have completed an impulsive thrust(waves 12345) from a triangle.
I expect the share to turn bullish from current levels. Key Upward target is 5.57 which if attained should give rise to further strength targeting at least Ksh 11.80s.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
littledove
#3489 Posted : Friday, May 29, 2020 12:55:38 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
mnandii wrote:
mnandii wrote:
Kibe21 wrote:
Hi, Mnandii, could you do one on KPLC?


Checking on it.




KPLC appears to have completed an impulsive thrust(waves 12345) from a triangle.
I expect the share to turn bullish from current levels. Key Upward target is 5.57 which if attained should give rise to further strength targeting at least Ksh 11.80s.


The only issue is how many years will it take, profit has been reducing and by end year 2020 it will be a loss
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Kibe21
#3490 Posted : Friday, May 29, 2020 1:07:14 PM
Rank: New-farer

Joined: 8/1/2018
Posts: 60
Location: Nairobi
littledove wrote:
mnandii wrote:
mnandii wrote:
Kibe21 wrote:
Hi, Mnandii, could you do one on KPLC?


Checking on it.




KPLC appears to have completed an impulsive thrust(waves 12345) from a triangle.
I expect the share to turn bullish from current levels. Key Upward target is 5.57 which if attained should give rise to further strength targeting at least Ksh 11.80s.


The only issue is how many years will it take, profit has been reducing and by end year 2020 it will be a loss


Thanks.
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