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Look for buys from the bottomHello, I&M Group Plc engages in providing financial and real-estate services. The firm provides banking, financial and related services through its banking subsidiaries in Kenya, Tanzania, Rwanda and Mauritius. Its products and services include commercial banking, bancassurance, financial advisory services, real estate investment, and custody and investment services. The company was founded on August 16, 1950 and is headquartered in Nairobi, Kenya. With a total revenue of KES 50 billion & net income of KES 11.19 bilion. the company remains a solid company into the future. Earnings per share of KES 6.77 & 415 Billion worth of Assets. I see a buy form the current areas to the target of KES 29. More information www.imbankgroup.com Good luck!
NSEKE:IMHLong
by thesharkke
Safaricom stock froming a correctionIntroduction Investors in Safaricom, one of Kenya's leading telecommunications companies, are currently witnessing a correction phase in the stock's price. This correction is a natural part of market dynamics and often provides opportunities for strategic investment moves. Furthermore, technical analysis suggests that following this correction, Safaricom's stock may experience an impulse downwards, with a projected target price of around 13.5 Kenyan Shillings (KES). Correction Phase A correction in the stock market refers to a temporary reverse movement in the price of a stock, usually against the prevailing trend. In the case of Safaricom, this correction may be attributed to various factors, including profit-taking by investors who had previously bought the stock at lower prices, changes in market sentiment, or broader economic factors affecting the telecommunications industry. Despite the short-term dip in prices, corrections are often considered healthy for the long-term stability of a stock. They help to realign the market by shaking out excessive speculation and restoring equilibrium between supply and demand. During this correction phase, investors may view it as an opportunity to reassess their positions or even accumulate more shares at relatively lower prices. Impulse Phase Following the correction, technical analysis suggests that Safaricom's stock is likely to enter an impulse phase. An impulse is a rapid and significant movement in the price of a stock, typically in the direction of the prevailing trend. In this case, the impulse is anticipated to be bullish, indicating a potential upward movement in Safaricom's stock price. The projected target price of around 13.5 KES indicates the level at which the impulse phase may culminate. This target is derived from various technical indicators, such as trend lines, moving averages, and chart patterns, which suggest strong buying pressure and positive sentiment among investors. Investment Considerations For investors considering entering or exiting positions in Safaricom's stock, it's essential to carefully evaluate the current market conditions, as well as their own investment goals and risk tolerance. While corrections and impulses provide opportunities for profit, they also carry inherent risks, including market volatility and unexpected events. Additionally, investors should conduct thorough research on Safaricom as a company, including its financial performance, competitive position, and growth prospects. Fundamental analysis, coupled with technical indicators, can help investors make informed decisions about the timing and direction of their trades. In conclusion, while Safaricom's stock may currently be undergoing a correction phase, investors should remain vigilant and monitor market developments closely. By staying informed and employing sound investment strategies, investors can navigate market fluctuations and capitalize on potential opportunities presented by the correction and subsequent impulse phases.
NSEKE:SCOMShort
by thesharkke
3
Volume candles and how they can be used to make trade decisionsHello, Volume candlesticks are a very unique dataset that give us more information than the candlesticks we are used to. First, a candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period. Now with the Volume candlesticks, they are a type of chart that allows for a visual assessment of the volume of trades for each candle. These are still candlesticks, but the width of each candle depends on the volume of trades during the period of formation of this candle. The greater the trading volume during the formation period of the candle, the larger the width of the candle. What does a candlestick say? A candlestick will tell you what the market is doing and especially what the big traders are doing. Different candlesticks would tell you different situations in the market. Now let us look at classical examples using the charts herein. We will combine our knowledge on both the candlesticks and Volume candlesticks that is now available on Tradingview. From our chart above all these small candlesticks tell us that the stock is in a correction. A correction is a situation where the market is moving in a sideways movement. Trading corrections are very difficult for most traders and it is advisable to avoid them if you have no or little trading experience. All the candles in our above zone also do not have substantial width or length telling you that the volumes traded during corrections are usually low and hence the reason why markets rarely move during such times. understanding types of candles and their meaning It is easy to note that the volumes began coming at the bottom. This can be seen on this chart This is where the width of the candles began becoming bigger. This is a great significance that it's time to begin thinking of buying this stock since it was correcting and in an upward trend. The width kept becoming bigger and price kept moving upwards. At the top after the candle closed the thinnest, it is easy to conclude that the volumes have now dried up and therefore the beginning of a bigger correction is coming. This is a great time for you now to take your profits and focus on the next trade as you await the bigger correction to complete. We shall keep you updated when we see volumes return on this stock. This strategy coupled with technical analysis, fundamental analysis and market data is very strong in the trading cycle. All the best
NSEKE:SCOMEducation
by thesharkke
3
Safaricom setting up for reversalHello, Divergence clear on this stock signalling we might be close to the bottom. Divergence in stocks refers to a situation where the price of a particular stock or index moves in a different direction than an indicator or another related stock or index. It indicates a potential shift in market sentiment or investor behavior, creating a disparity between the expected and observed trends. Divergence can occur in various forms, such as price-oscillator divergence or intermarket divergence, and is often considered a signal of a possible reversal or correction in the stock's price trajectory. Traders and investors closely monitor divergence patterns as they can provide valuable insights into market dynamics and aid in making informed decisions.
NSEKE:SCOM
by thesharkke
5
Using price action & tradingview tools to trade betterHello, Price action is a vital aspect of trading, and analyzing candlestick patterns is key to understanding market dynamics. The size of candles, representing the range between opening and closing prices, is crucial for traders. Large candles signal strong momentum and potential trends, while smaller candles suggest indecision or lack of clear direction. Traders use candle size to identify entry and exit points, manage risk, and gauge market sentiment. By examining the relationship between candle sizes and volume, traders can make informed decisions based on visual representations of price movements. In summary, candle size is a valuable tool in price action analysis, helping traders interpret market behavior for better decision-making. A key tool you can use to measure the momentum of an asset is the Date & price range tool . This tool allows users to place points vertically on two different prices. A Text appears along the box displaying the total size of the price moving in terms of actual share price, percentage and time the move took. E.g the chart below shows the move took 3234 days and was +1024.43% in terms of increase. Once you've got the hang of price action and figured out which way the trend is going, the next big thing is spotting patterns that tell you when to jump in. We focus on two things: motive moves, which show the trend, and corrections, which give us good entry points . Motive moves are like the big, important moves we want to trade, and corrections are where we can get in on the action. Recognizing these patterns helps us know when it's smart to join the market and increases our chances of making successful trades. a good example of these can be identified below Once you've identified patterns, the next step is deciding when to get in. There are two main types: risk entries and risk-averse entries. Risk entries often align with motive moves, indicating a trader's willingness to take on more risk for potentially higher rewards. Below is a great way of looking at both of this Risk taking entry Risk averse entry This is where the correction has already been broken and a trend determined. The Risk to reward ratio is lower and therefore less profit can be achieved here. Next we shall be looking at how to look at the indicators to support your trading hypothesis and make better trades. Good luck and all the best.
NSEKE:SCOMEducation
by thesharkke
5
Is Kes 8 a possibility? Safaricom had the worst two years in its history but there are opportunities for a long-term investor. We did not have Safaricom in our portfolio because it was too expensive from our point of view. And the dividend growth was not attractive to us. From a capital gains perspective, the stock has a lot of potential and we are anticipating that it will drop to Kes 13 in December/Jan/Feb due to fundamental factors. And maybe break lower into the accumulation zone. We will wait and see how the stock plays out.
NSEKE:SCOM
by EquityWhale
Sasini in Bear teritotryIn the past 1 year, Sasini stock price has dipped 30%. This provides investors with a good opportunity to look into the stock at a significant discount. The stock has strong fundamentals and will be one of the biggest beneficiaries of a depreciating shilling. The company has a healthy dividend yield of about 11%, low debt-to-equity ratio, and a p/e of 4.8%. In the past 5 years, their earnings have grown 49.4% over the past 5 years. Despite the dip in their share price, Sasini will be added to our portfolio if it dips between kes 14.00 -14.50 if fundamentals hold and hopefully, this will align with a double bottom on the RSI. An exit strategy will be adjusted if our analysis holds.
NSEKE:SASNLong
by EquityWhale
KCB bounceInvestors have seen significant paper loss holding KCB shares. The problem is that most Kenyan investors are herd investors. And the herd always gets slaughtered. In an analysis presented to a local investor early this year, this is part of the analysis presented and we had our first buy orders filled between Kes 15.00 and Kes 15.25. The trade played out according to the analysis and in case this trade breaks lower, we have our orders in place. If not, KCB bank might have bottomed out if fundamentals don't trigger another sell-off.
NSEKE:KCBLong
by EquityWhale
NSE OBEYING TECHNICALSThe Nairobi Securities Exchange share price has been on a bearish trend but there is a bullish divergence on the RSI. The stock has provided multiple entry and exit opportunities that have proven to be quite profitable on a predictable trend. We are looking at another hodl entry at Kes 5.50, and sticking to our long-term target of Kes 8.00. However, there is strong support at around Kes 6.00. The Green Arrows are our entry and the Red arrows are our exits. However, we only liquidate 75% of our holdings on exits and retain 25% as our long-term position.
NSEKE:NSELong
by EquityWhale
AFRICAS ENERGY KINGKenGen, Kenya Electricity Generating Company PLC, plays a significant role in the global energy sector, particularly in promoting renewable energy sources and supporting sustainable development initiatives. Here are some key facts about KenGen's global impact: 1. Leading Geothermal Energy Producer: KenGen is among the world's top 10 geothermal energy producers, harnessing the power of Earth's heat to generate clean and sustainable electricity. With a geothermal capacity of over 799 MW, KenGen contributes significantly to reducing greenhouse gas emissions and promoting environmentally friendly energy solutions. 2. Pioneering Geothermal Development in Africa: KenGen has extensive expertise in geothermal exploration, drilling, and power plant development. The company actively shares its knowledge and expertise with other African countries, providing geothermal drilling consultancy services in Ethiopia and Djibouti, and conducting geoscientific feasibility studies for Rwanda, Comoros, and Malawi. 3. Enhancing Renewable Energy Access: KenGen actively collaborates with international partners to expand renewable energy access across the African continent. The company participates in initiatives such as the Africa Renewable Energy Initiative (AREI) and the Geothermal Risk Mitigation Facility (GRMF) to promote the adoption of renewable energy sources and reduce reliance on fossil fuels. 4. Contributing to Global Energy Transition: KenGen's commitment to renewable energy and sustainable development aligns with the global shift towards a low-carbon economy. The company's efforts to increase its renewable energy capacity and support the development of geothermal projects in Africa contribute to reducing the impact of climate change and promoting a cleaner energy future. 5. Sharing Expertise and Innovation: KenGen actively participates in international conferences and forums, sharing its expertise and experiences in geothermal energy development and renewable energy integration. The company also collaborates with research institutions and universities to promote innovation and technological advancements in the renewable energy sector. 6. KenGen has an installed generation capacity of 1,904 megawatts (MW) and supplies 66% of the East African country's power. 7. KenGen earnings per share rose to 0.76 shillings from 0.51 shillings and recommended a dividend payment of 0.30 shillings a share, from 0.20 shillings in the previous financial year. 8. KenGen share price is heavily undervalued and it is one of the stocks in our portfolio. The Green Arrows show the days we accumulated KenGen shares. In summary, KenGen plays a crucial role in the global energy sector by promoting renewable energy sources, supporting sustainable development initiatives, and sharing its expertise with other countries. The company's contributions are essential for a cleaner and more sustainable energy future.
NSEKE:KEGNLong
by EquityWhale
A simple way of looking at stocksHello, A simple way of looking at companies is by looking at their charts. The chart tells you a story the balance sheet might never communicate. It gives a story of who between the sellers & buyers is in control. First, let us understand what the candlesticks are and how they can be used Candlestick Charts: Candlestick charts are widely used in technical analysis to represent price movements in financial markets. Each candlestick typically shows the open, high, low, and closing prices for a specific time period (such as a day, week, or month). The body of the candlestick represents the price range between the opening and closing prices, while the wicks (or shadows) indicate the high and low prices during the period. Green (Bullish) : The close is higher than the open. It suggests buyers are in control. Red (Bearish) : The close is lower than the open. It suggests sellers are in control. As per our chart this two candles are very key in completing the whole story. From The chart you will notice that the red candles are more than the Green candle while also being bigger. This already tells us that the trend is a Downtrend . Conclusion : We can only buy the stocks when the buyers begin to come into the market and the Green candles begin getting bigger & More aggressive. That way we are able to take advantage of the prices at the bottom and manage our Risk to reward ratios. Please keep in mind that the Fundamentals of the company are very important to understand before buying Good Luck!
NSEKE:KCBEducation
by thesharkke
EABL LONGEABL is a prime example of a company which formed a rally and caused an imbalance only for price to come and fill it later on. As a result, the excess demand for EABL price was balanced out and now price has caused an imbalance on the supply side. This is seen as price is forming a trendline to the downside, which is waiting for it to be broken so that demand can go fill out the excess supply and reach equilibrium before making a pullback to the other direction. Beneath the chart, there is a liquidity hunt for price to indicate that price was seeking final liquidity before it goes up. Usually, this would be your ideal stop loss level if you are looking to go long.
NSEKE:EABLLong
by JANAboi
EQTY SHORTEquity is showing the same direction bias as KCB. tHe only difference is it is bouncing along the trendline, waiting for the break of trend to initiate the sell off. Most times this could be couple with a series of fundamentals which fuels the sell off. My guess is during the next earnings report, it will miss the earnings. This comes after a recent interview by the company CEO who highlighted the dire economic situation and how the disposable income is shrinking among his customers. This could spark a sell off which might take equity down the spiral.
NSEKE:EQTYShort
by JANAboi
KCB SHORTKCB has had a very impressive run over the years. But fundamentals state that demand must meet supply at equilibrium. After its long rally, price is finally starting to ‘balance out’ in the chart as we saw price break out of the triangular wedge and did a huge sell off to the downside as it tries to reach equilibrium (green zone). As price comes down, it will also take out the consolidation zone highlighted in red. This won’t be a quick process. I anticipate this to go on for the subsequent months. It could go for as low as 5Ksh if the sell off persists. This is also catalyses by the prevailing market conditions which isn’t favoring any buys for now, the market sentiment has shifter to a bear market as it is already evident in the chart. Considering the company has a solid asset base and financial muscle to manage its operations, coupled with its expansion outside Kenya, it still has a chance to regain its lost glory but first, we need to consider the matter in hand, which is market balancing out before we think about buying and holding in the long term.
NSEKE:KCBShort
by JANAboi
1