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.

Been waiting for that move down in Safaricom which many have never believed possible. Well, its started. Expect quick moves below 24.00 toward 14.00 bob soon.

Been waiting for that move down in Safaricom which many have never believed possible. Well, its started. Expect quick moves below 24.00 toward 14.00 bob soon.