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...
Hello, 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...
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...
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...
Price is showing a very steep plummet as it tries to fill the imbalance region.
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...
Hello, Candlesticks have been there longer than most of us can imagine. They are a unique way of looking at things because they normally have four price points. Candlestick patterns are formed by the combination of one or more candlesticks, which are graphical representations of the price action of a financial asset during a particular time period. Doji, hammer,...
Safaricom share price is at a significant level? Currently Safcom share see real time value www.safaricom.co.ke Is this valuation ideal and thus a good average for Safaricom or Do you think the current valuation for safaricom is premium price (overpriced). The third option, current safaricom price is at discount levels (Under valued?).. Bear this in...
Hello, Tradingview gives you tools you will never find in any platform. The tools are very key in making you a better trader. Below are my favourite tools 1:arrow: This tool is very key because t helps me set and indicate my targets clearly 2:Trendline: This is the yellow line on my chart that helps me identify the charts and make them clear for everyone 3: date...
I see an imbalance at around ksh 19 and if its hit and takes out the trendline then it's a good buy and hold opportunity.