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.
