by Ramki | Dec 17, 2009 | Kuwait stocks
National Industries Group stock has come down a lot in the last several months. But we can decipher a clear five wave movement having been completed at the lows. The first leg of a 3-wave correction has already been completed, and the second leg is probably already...
by Ramki | Aug 16, 2009 | Kuwait stocks
There has been a lot of chatter in the market about a possible offer from overseas for a large chunk of ZAIN, the premier telecom company based in Kuwait. So I decided to provide a quick technical update on this stock. As you will observe, Zain is trading close to a...
by Ramki | Aug 16, 2009 | Kuwait stocks
Anyone who has been investing in Kuwait would have heard of the travails of Gulf Bank in recent times. Perhaps one should view the moves after it started trading again in April 2009 as a new stock. The attached chart gives you an elliott wave analysis persperctive of...
by Ramki | Jul 29, 2009 | Indian Stocks Trading
Opto Circuits India Ltd appears in many portfolios that have Bharat Shah as the advisor. (Incidentally, Bharat is the famed fund manager from Ask Investment Managers). As Bharat is a value investor, I figured that he and his team must have done sufficient research...
by Ramki | Jun 18, 2009 | Indian Stocks Trading
Tata Steel breaks support A technical trader has to watch a few things carefully, especially if we are in the fourth wave position. First, see if the 2nd wave was a simple correction. If you can confirm to yourself that the second wave was a simple one, then the...
by Ramki | Jun 16, 2009 | Indian Stocks Trading
Tata steel in fourth wave triangle Tata Steel has come a long way from its lows, and after a steep third wave rally that ran 300% of its first wave, the stock has corrected 23.6% as a fourth wave triangle. Look out for any sharp break above the upper boundary of the...
