EQUITY BANK IN A CHANNEL Looking at two entries at Kes 30 and Kes 25. At these price points, the RSI should give us a sign that a reversal is imminent. The first partial exit will be at Kes 40.
Let us wait and monitor the stock price.
EQTY trade ideas
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.
