Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:sparkly wrote:karasinga wrote:karasinga wrote:karasinga wrote:karasinga wrote:Kenya Airways Ltd Ord 5.00 broke above the upside resistance level of 3.43, 2 day(s) ago. This is a bullish sign. This previous resistance level of 3.43 may now provide downside support. Volume on the day of the breakout was quite heavy--94% above average. This makes the breakout even more significant. If you decide to trade Kenya Airways Ltd Ord 5.00, you may want to place a stop loss just below the resistance level, in case the breakout is premature.
baby steps... technically... my thoughts in the chart.  baby steps... update. current rally might be wave 4. just thinking....  DISCLAIMER
This analysis is designed to inform you on the counter 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 a spinning top formed yesterday(26th Oct) indicating uncertainty/indecision. if a bearish candle forms today(27th) at this resistance level(7), it could be used as an exit point(if on board). High volumes seen in the last 3 trading days might indicate profit taking(offloading to wanjiku) by an "insider" to wait for KQ at a lower price. My fear is to wanjiku who will be wooed to the gallow by the sweet news. shaffing might start shortly... will watch patiently for price action around 3.9baby steps... This one will leave many novices holding the monkey. A continuation cup and handle, with the handle at 4.5 would have signaled a sustainable rally, me thinks. i concur with you, all financial markets are manipulated in one way or another. And the only way to know whether price move is genuine or not is by using volume. Decisions behind closed door by insiders/market makers can be hidden but volume can't be hidden. Their decision are printed daily on our charts. KQ rally has been on vapour volume until 3 days ago(very timely to coincide with release of "good news" by financial media) for many to think they are missing out. Just for train to halt and head "back to the sender". Currently fearful when everyone is greedy until around 3.9 come babie come... It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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