stock market

wrongturn

Elder Lister


political stability=investors confidence.
I hope we shall not be treated to another campaign cycle for the next 5 years
 

The.Black.Templar

Elder Lister
Staff member
Has nothing to do with elections. Safaricom share price has been on the rise even before elections. Correlation does not imply causation
I guess it depends on how you look at it...if it has been on the rise despite the uncertainty, then it is bound to get stronger now that ruto has been confirmed president
 

Okiya

Elder Lister
So is that new confidence a bad things or not?
My point is that there's no sign to be read by 1 day trading. Analysis would be based on moving averages. 8 day and 21 day moving average could be best to guides.

Then you are just looking at one aspect which is price increases but the most fundamental one you are not looking at is volume. For instance today the BAT share price has increased by 3% but only 2,000 shares have been traded by BAT. Price increase or decrease from low volumes indicate nothing.
 

The.Black.Templar

Elder Lister
Staff member
My point is that there's no sign to be read by 1 day trading. Analysis would be based on moving averages. 8 day and 21 day moving average could be best to guides.

Then you are just looking at one aspect which is price increases but the most fundamental one you are not looking at is volume. For instance today the BAT share price has increased by 3% but only 2,000 shares have been traded by BAT. Price increase or decrease from low volumes indicate nothing.
Then let us give it seven more days tuone
 

shocks

Elder Lister
How low will they fall is the question, my KCB shares have gone below the price I got them at in 2016. My opinion is wait till we see the effect of the finance bill
 
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