Kwaku_As

Kwaku_As Updated 

highly speculative with earnings in a few days. a high ADR stock with a history of explosive moves. we are big fans of the tightening price action as earnings approach. it's worth noting that our stop losses are partially symbolic. we typically close trades when price prints a strong bearish candle below chart patterns or indicative stop loss levels.

Kwaku_As Updated 

we have been consuming a lot of Kristjan Qullamaggie content lately and thought we could put it into practice. AREN appears to have held up well post "episodic pivot" and during the recent market pullback. the relevant moving averages (10 & 20 SMA), though not visible in the chart, are in the right position. also relevant is the tightness of recent price action....

Kwaku_As

no need to spill a lot of ink on this. we anticipate a continuation of higher lows.

Kwaku_As

we have been keen observers of Moroccan real estate stocks since June 2023. after a spectacular two-year run, they have (ADH, ADI, & RDS) started showing signs of exhaustion. ADI has formed a classic Head & Shoulder pattern signifying a potential reversal of the bullish trend. we will be looking to short once the recent retracement is complete. bonus: ADH is...

Kwaku_As

another Qullamaggie-type trade. AZ has held up quite well during this turbulent period. the 10, 20, and 50 moving averages (not depicted) have tightened coupled with a higher low. a breakout of the chart pattern will trigger an entry. the stop loss level is a bit more complicated. we will consider closing the trade if this pattern fails. we concede that market...

Kwaku_As

we are probably marking the bottom by posting this. current US market conditions have prompted us to scout for shorts. FFIN provides us a classic (arguably) Heads & Shoulders pattern. a close above the right shoulder could invalidate the pattern. PT of $25.65 was derived by measuring the distance between the neckline and the head and transposing it to the...

Kwaku_As

if our memory serves us correctly, UXIN was derived from a proprietary screen called "runner takes a breather." the screen in question looks to going, long on stocks that have experienced significant gains, after a reasonable pullback period. UXIN has been range-bound since we entered the position. we believe the next earnings date could serve as the...

Kwaku_As Updated 

the note on the screen says it all. purely technical. if price falls below the indicated level (20% downside) the trade will be invalidated.

Kwaku_As Updated 

EABL has been in a decade-long downtrend. however, we appear to on the cusp of a change in trend. the next few days will prove pivotal. in the event of a breakout, we forecast a 20% upside to the 180-190 KES region - resistance level. we are of the view that the sky is the limit, though we expect sizable pullbacks at various key resistance areas. this will...

Kwaku_As

great entry opportunity for a multi-day move via the intraday charts.

Kwaku_As Updated 

the chart says it all. Carbacid is a phenomenal company with a leading market position in the East African region. this moat is reflected in the company's stable financial metrics. Mr Patel, a prominent investor on the NSE has increased his stake from approx. 25% to 49.9% over the past decade. One would be hard-pressed to find a company with a much stronger...

Kwaku_As Updated 

the market may have gotten ahead of itself after the CMA gave CARB clearance to acquire BOC. we still remain bullish and maintain our price target. we could get a second bite at the cherry as price nears the "golden zone" (50%-61.8%) of the fibonacci retracement.

Kwaku_As

breaking out of a base. as for me, i just like the stock.

Kwaku_As

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.

Kwaku_As Updated 

the US Dollar has been quite strong for a couple of weeks now, and even showed resilience in the face weak NFP numbers. per the economic calendar, there is little to no activity until wednesday. this would provide market participants with ample time to take some profits. if the head and shoulders pattern remains intact, the DXY would fall to the 95 level. This...

Kwaku_As

last week's massive drop in price resulted in a change in trend on the daily timeframe. using both trendline rejection and a breakout of the triangle pattern as confluence, I am setting a long-term take profit at the 95.50 region - weekly trendline & the next major support level

Kwaku_As

this is an update on my previous post. a higher low on the shorter term time frame was my cue to prep myself for another move to the upside. atm, we have an inverted head and shoulders formation within a bull flag pattern on the 30-min.

Kwaku_As

price has settled on support as seen on the 4-hr timeframe. expecting a lower low setup on the shorter timeframes for price to resume its ascent.