KAZ

Oh dear.
So there doesn't seem to be a support after 170. Could you use fibs to figure out how low it could go?
Thanks
G

here is your chart. Its as far back as it goes.
weekly chart


dl.dropboxusercontent.com/u/4899609/kaz30thjan2014.png

Its risky going long from here due to the fact that its the second attempt. That basically means the area has be weakened so a break out may be looming to the downside.This has finished bang on the support. Always riskier on a second attempt so soon.

yeah, me too: wait till evidence of a trend change

Hi
Has anyone got a 10 year chart for KAZ or an idea of where the next supports lie please?


I think EMs have been hammered and so have the miners cause of the AUD USD. AUD USD looks like its in the last wave of its downfall, in which case, if this turns, so will the miners and the EMs.

Anyway, if anyone can provide some pretty pictures and numbers for this below 170, I would be interested.

Thanks.

Gee

id stay out of kaz as its the second attempt..

Jackozy wrote: Hi Libero,

This fell back of double (almost triple) resistance at 188/9p perfectly today so was a good place to close longs from 171p and short. Easy to say in hindsight, but it's pretty clear on yesterday's closing chart:

Hi Jackozy,

It sure is looking scary!

I did post yesterday that I did lock in profit and did move my stop loss...

... But the concerns I have are on going and to do with the macro picture, and the so-called recovery. Emerging Market fears aren't going away it seems, and with Ukraine's woes, perhaps there's a focus on the CIS nations to come (Kazakhstan being one of them)? Who knows!

Speaking of EMs, it seems that Zimbabweans are now refusing take the SA Rand - Imagine that! Well, they have first hand experience of currency inflation I guess!

Anyway, KAZ is fighting back but it will do well to close above 170 now. We'll see.