EQUITY gROUP HOLDINGThe stock has been posting good returns, post covid markets have been working well for this institution.
it makes sense that it is expected to make positive returns on March 24th regards
its an early indication that the price is try to push past the resistance line
but i'm expecting it to hit a wall at the rectangle region so it a slight increase in value if you wanna gamble at this region
the positive regression of the banks environment with SME's places it ina position to rise pat its limitation.
long term strategy is to hold this stock for long run, atleast to run through the expected earnings through out the year, in relation to Dividends pay out that is seemlingly going to happen around November.
recommendation HOLD it for the entire year
EQTY trade ideas
EQTY SHORTEquity 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 spark a sell off which might take equity down the spiral.