Kwaku_As

Kwaku_As

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 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.

Kwaku_As Updated 

soy went from being one of the hottest commodities to losing all its steam. a double bottom, a classic reversal pattern, was formed last week. after descending for months, a retracement to the 50/61 fib level could mark the beginning of an uptrend. some confluence: the DBA broke out of its ascending triangle chart pattern.

Kwaku_As Updated 

lower highs and lower lows on higher timeframes. the proximity of the 50EMA to the 38-fib level provides us with good confluence.