Diamond Trust BankDespite a strong stock price recovery of Kenyan banks since Covid-19, DTK has not been part of the party. This gives us a good opportunity to accumulate DTK at a discounted price between Kes 60.00 and 80.00.
There is a low probability for the stock price to fall and stay below Kes 60.00 unless political or social risks escalate in the country or globally.
DTK trade ideas
DTK LONG some fundamental analysts have chalked DTK as a stock to buy with significant upside potential.
we like to focus more on the technicals. price is currently digesting the recent run-in price. the wicks on the above timeframe indicate that the bulls are still in the game. the support region is quite visible on the daily timeframe.
entry triggers include:
1. breach of downward sloping trendline.
2. breakout through most recent high.
stop loss:
a strong close below support region.