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176 Pages«<173174175176>
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: 2,135
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: 2,135


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: 8,531
Location: NAIROBI
mnandii wrote:


Still waiting for SAFARICOM sub-14.00

Unless the profit declines/issue a profit warning
VituVingiSana
#3484 Posted : Friday, May 29, 2020 9:10:53 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,071
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: 34
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: 2,135
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: 2,135
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: 2,135
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: Member


Joined: 7/1/2014
Posts: 786
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: 34
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.
mnandii
#3491 Posted : Tuesday, June 02, 2020 7:28:48 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,135
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

Profit has been reducing because price has been falling. The price will tell where profits should go. Safcom will as well start to get reduced profitability once its price falls towards Ksh 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.
mnandii
#3492 Posted : Tuesday, June 02, 2020 7:30:27 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,135


Nation Media Group (NMG) should bottom soon and make recovery toward initially 26.00 and 44.00.
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.
mnandii
#3493 Posted : Wednesday, June 03, 2020 7:11:56 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,135


1984
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.
sparkly
#3494 Posted : Wednesday, June 03, 2020 8:24:25 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,791
Location: Enk are Nyirobi
mnandii wrote:


1984


Matatus are not easy to police. Good luck for GOK
Life is short. Live passionately.
Angelica _ann
#3495 Posted : Wednesday, June 03, 2020 8:46:20 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,593
mnandii wrote:


1984


Would take a long time long long time to be actualized in the matatu industry in Kenya because of ukatel!!! Plus lack of goodwill from the government would always be a hindrance!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
mufasa
#3496 Posted : Wednesday, June 03, 2020 10:20:36 AM
Rank: Member


Joined: 4/15/2008
Posts: 175
where is KQ going?
Do it today! Tomorrow is promise to no-one.
mnandii
#3497 Posted : Friday, June 05, 2020 6:34:35 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,135
mufasa wrote:
where is KQ going?


UP
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
#3498 Posted : Friday, June 05, 2020 6:44:04 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,135
@vvs



You have been a strong defender of Banks even when I stated that they would face dire straits in this bear market and some will likely collapse.

This haircut that KCB is facing will morph into massive defaults soon. The assumption that these restructured loans will be repaid is false - if one cannot suddenly pay his loans due to 'corona' which has been with us for just about 3 months then expect them to default. The financial situation they find themselves in will not just go away even if Corona is managed.

The reason for financial difficulties does not arise from Corona. This is a key point that people will have to contend with. The financial difficulties arise because in a major bear market (depression) that we find ourselves in makes them reluctant to spend. This reluctance is driven by fear, fear of the unknown. In such a situation money flow is restricted and alas the depression.
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
#3499 Posted : Friday, June 05, 2020 6:50:14 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,135
mnandii wrote:
mufasa wrote:
where is KQ going?


UP


KQ is in a small second wave which should end soon then the UP move resumes. Patience Pray
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.
VituVingiSana
#3500 Posted : Friday, June 05, 2020 7:26:41 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,071
Location: Nairobi
mnandii wrote:
@vvs



You have been a strong defender of Banks even when I stated that they would face dire straits in this bear market and some will likely collapse.

This haircut that KCB is facing will morph into massive defaults soon. The assumption that these restructured loans will be repaid is false - if one cannot suddenly pay his loans due to 'corona' which has been with us for just about 3 months then expect them to default. The financial situation they find themselves in will not just go away even if Corona is managed.

The reason for financial difficulties does not arise from Corona. This is a key point that people will have to contend with. The financial difficulties arise because in a major bear market (depression) that we find ourselves in makes them reluctant to spend. This reluctance is driven by fear, fear of the unknown. In such a situation money flow is restricted and alas the depression.

My friend,

For me "value" is based on price and future outlook (intrinsic value). I am not a good trader. I am not good enough to spot trends or movements, etc. I am confident that my current holdings will do fine from this point onwards. Not all will do well but the portfolio will be OK.

Let's be specific. KCB. Have you seen me pitching KCB for many years? I know KCB's share price has jumped over the years (good for shareholders) but I am not a fan of KCB. Something in my gut feels uneasy about it. I like to snore at night.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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