May 042010

From an Elliott Wave perspective,  the outlook for Zain hasn’t changed much since I updated last.  After correcting the prior 5-wave rally, the stock has taken off nicely like a 3rd wave should, ie on good volume and at a brisk pace. Some investors are worried because of the recent sideways movement. While it is certainly possible for a brief set back, I expect fresh buying to emerge on any decent correction. When the broad market starts moving up, Zain should be among the leaders.

  One Response to “Elliott Wave outlook on Zain Kuwait”

  1. dear ramki

    I hope you dont ignore this i have invested significant amount of my networth in Global Investment Co. in kuwait. I beg you to give me your analysis on it thank you very much

 Leave a Reply