ABSA BANK KENYAABSA Bank and Co-operative Bank Kenya have a strong positive correlation. In 2025, we have seen the correlation drop with a small margin, and Co-operative Bank stock price did not move higher as much as ABSA did.
Both bank dividend payouts have a difference of .05, which is negligible. Fundamentally, Co-operative Bank has stronger fundamentals than ABSA Bank Kenya. From a risk-reward perspective (stock price & dividends), Co-operative Bank is more attractive than ABSA Bank.
However, I am anticipating this to change in the future. ABSA Bank Kenya has the probability of becoming a bigger and more attractive bank than Co-operative Bank.
Based on the Chart, the share price of ABSA bank is worth looking at post-book closure on the 30th of April, 2025. If it is a dividend drive, Co-operative Bank is a better alternative.
Co-operative Bank KenyaKeeping it simple......
The dotted lines show high-risk price to buy Co-operative bank. The stock price has a high probability of trading below these price levels. If you are considering buying, purchase small volumes at these prices.
The solid lines are strong support levels. They provide medium-risk entry prices to accumulate the stock. Kes 13.00 and 12.00 are strong support prices.
At Kes 10.50 and below, the risk is low, and provides the best opportunities to accumulate the stock in bigger volumes.
If the price breaks below each price level (green dots or solid lines), the support prices will turn to resistance, putting downward pressure on the stock.
KCB LONGS : OUTSIDE NEW YORK SERIES EP2Inside nairobi
we looking for alternatives as trumpville puts the hurts n the fed aint coming to save
so he claims so we tryna see if its gonna be a global domino or if there will be an unexpected reaction pushing emerging economies
banking always know where the money be so im betting on them betting on the right moves
plus they been making waves when i was researching them
this bank will be mine someday
KPLC Chart obeying Elliott WaveAll of the market obeys Elliott principles by design. At the core of the market is psychology(human nature and logic) and numbers. Psychology is catered for by Elliott Wave and the numbers are catered for by Fibonacci Sequencing. On this chart, you can see Elliott principles being respected. This to me is more than just a theory and should be studied in-depth. I post daily charts on X and you could share your thoughts, queries and ideas @victorkmacharia.
ELLIOTT WAVE(BANKS)In the image, a clear 5 Wave move can be seen, obeying both the Elliott Wave Principle and Fibonacci Sequence. Elliott Wave represents the Psychological aspect of the market as it is itself A Law of Nature while Fibonacci Sequence is the Mathematical Aspect. Since the Market deals in numbers, we need a little Math. Makes sense right?
EQUITY gROUP HOLDINGThe stock has been posting good returns, post covid markets have been working well for this institution.
it makes sense that it is expected to make positive returns on March 24th regards
its an early indication that the price is try to push past the resistance line
but i'm expecting it to hit a wall at the rectangle region so it a slight increase in value if you wanna gamble at this region
the positive regression of the banks environment with SME's places it ina position to rise pat its limitation.
long term strategy is to hold this stock for long run, atleast to run through the expected earnings through out the year, in relation to Dividends pay out that is seemlingly going to happen around November.
recommendation HOLD it for the entire year
inflection point?EABL has been in a decade-long downtrend. however, we appear to on the cusp of a change in trend.
the next few days will prove pivotal. in the event of a breakout, we forecast a 20% upside to the 180-190 KES region - resistance level. we are of the view that the sky is the limit, though we expect sizable pullbacks at various key resistance areas.
this will take some time to play out.
CIC INSURANCEWe are keeping it simple. Technicals will always guide price action. Let us wait and see if resistance will be the new support.
We already bought the stock
the bigger the base, the higher in spacethe chart says it all. Carbacid is a phenomenal company with a leading market position in the East African region. this moat is reflected in the company's stable financial metrics.
Mr Patel, a prominent investor on the NSE has increased his stake from approx. 25% to 49.9% over the past decade. One would be hard-pressed to find a company with a much stronger balance sheet.
wrt technicals, we'd need a much cleaner breakout to trigger an entry.
Second Bite At The Cherry?the market may have gotten ahead of itself after the CMA gave CARB clearance to acquire BOC. we still remain bullish and maintain our price target.
we could get a second bite at the cherry as price nears the "golden zone" (50%-61.8%) of the fibonacci retracement.
KENYA RE-INSURANCEWhen a stock price has hit rock bottom but fundamentals are still healthy. This will be a patience game to realize good capital gains. The Order Book is showing BIG VOLUME bids.
Let the accumulation game begin.
Crown Paints ($CRWN) LONG #NSECrown Paints hit the 61.8 retracement level in the long term. Expect a bounce of this support level with a PT of Kes. 73
Why isn't anyone talking of Portland Cement?Something has gone unnoticed in the Kenyan stock market. A very rare occurrence, and the best-performing stock of 2024.
In the past 6 months, the share price of Portland Cement has moved from a low of Ksh 4.38 in July 2024 to a high of Ksh 38.25 as of 2nd September 2024. This is a gain of about 746.24% in just SIX MONTHS.
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!
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.
trendline acting as potential supportKCB has experienced a series of higher lows. price is just about interacting with the trendline for the third time. we anticipate a bounce off that trendline.
a firm candlestick closure below the trendline would invalidate the setup.
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
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.
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.
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.
