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. Longby Kwaku_As1
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. Longby Candles2540
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!Educationby thesharkke3
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. Shortby JANAboi110
How to begin investing in KenyaHello, Owning shares in the Kenyan stock market can be an exciting and potentially lucrative investment opportunity. The following steps outline the process of owning shares in the Kenyan stock market: Open a CDS Account: The first step is to open a Central Depository System (CDS) account. If you are in Kenya, most banks offer CDS account services. If you are located outside Kenya, you can find a list of authorized brokers on the Nairobi Securities Exchange (NSE) website at www.nse.co.ke (www.nse.co.ke). These brokers can help you open a CDS account remotely. Deposit Funds: Once you have opened a CDS account, you need to deposit funds into it. The minimum number of shares you can purchase in the Kenyan stock market is 100. Therefore, you need to deposit an amount that allows you to buy at least 100 shares. You can transfer funds from your bank account to your CDS account through the banking channels provided by your broker or bank. Purchase Shares: With funds in your CDS account, you are ready to buy shares. To purchase shares, you need to work with a stockbroker. If you opened a CDS account through your bank, they may provide stockbroker services. Otherwise, you can reach out to the list of authorized brokers provided on the NSE website. Contact the broker of your choice and inform them about your intention to buy shares. They will guide you through the process, including selecting the stocks you wish to purchase, determining the quantity, and placing the order on your behalf. Seek Assistance: Investing in the stock market can be complex, especially for beginners. If you encounter any difficulties or have questions during the process, it is important to seek assistance. Your stockbroker is there to help you and provide guidance. Don't hesitate to reach out to them if you are stuck or need clarification on any aspect of the stock market investment process. They can explain market dynamics, assist with trade execution, and provide advice based on their expertise. Monitor and Manage Your Portfolio: After you have successfully purchased shares, it is important to regularly monitor and manage your portfolio. Keep an eye on the performance of the stocks you own, as well as overall market trends. Stay informed about company news, economic indicators, and any other relevant information that may affect your investment. Consider diversifying your portfolio to reduce risk by investing in different sectors or asset classes. Review your investment strategy periodically and make adjustments as needed. Feel free to reach out to me should you get stuck on the way.Educationby thesharkke2