Page 3 | Ideas and Forecasts on Stocks — Kenya — TradingView

Look for buys from the bottom Hello, 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

Safaricom stock froming a correction Introduction 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 correct

trendline acting as potential support KCB 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 decisions Hello, 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 v

Using price action & tradingview tools to trade better Hello, 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 can

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 st

Kapchorua Tea Kapchorua tea seems to have topped out at Kes 240. Technical resistance at play.

Jubilee insurance Waiting to see if Jubilee Insurance will drop to Kes 120 in the coming months. It may sound far-fetched but we are anticipating the share price to continue dipping if the general market does not start recovering in the coming months. The company has strong fundamentals but supply overwhelms demand as investors close their positions in fear of further realized losses.

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.

Sasini in Bear teritotry In 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 t

EABL looking attractive Double bottom entry at kes 110.00. Let us wait and see. The current price is still discounted. Let us buy our first lot.

Bamburi Cement in the limelight Is this the moment for Bamburi to cement its foundation and scale?? nation.africa Let us buy some Bamburi cement shares. If this transaction goes through, a bright future lays ahead for the company.

KCB bounce Investors 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 fundam

NSE OBEYING TECHNICALS The 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

AFRICAS ENERGY KING KenGen, 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 c

Co-operative Bank Kenya technicals Co-operative bank has been a favourite for the past few years. Not only are the dividends lucrative, but the price action is more stable and predictable. Looking at accumulating the next cycle when prices hit Kes 10.50. The green arrows show all my entry prices.

COOP SHORT Supply and demand of price action. Price to reach equilibrium

A simple way of looking at stocks Hello, 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

EABL LONG EABL 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 liq

SCOM SHORT Price is showing a very steep plummet as it tries to fill the imbalance region.

EQTY SHORT Equity 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

KCB SHORT KCB 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 mo

How to begin investing in Kenya Hello, 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 (ww

SAFARICOM ANALYSIS The Kenyan based company has fallen from grace in just 22 Months, wiping out almost 80% of its 10 year bull run. The market is approaching previous support, where it reversed before. The giant Telco enjoys monopoly in the country, with a huge customer base, mainly attributed to its money transfer service, MPESA. Recently, the company launched operations in Ethiopia. More downside for Safaricom may be limited for now, and what we are most likely to see is a extended period of consolidation as the

by AstraPragmatis