KSPI — Research (2026-09-09)

Summary

KSPI (Kaspi.kz) covered by TLI. Nice looking chart — moving in a new standard impulse count with a Cup and Handle formation since IPO in early 2024.

TLI Analysis

Sep 9, 2026 (email #103149)

• Very nice looking chart
• Moving in a new standard impulse count
• Cup and Handle formation since IPO in early 2024
• TL does not see any other count here

KSPI is a new TLI coverage pick. Very nice chart — moving in a new standard impulse count and Cup and Handle formation since IPO in early 2024. Now moving in Wave 3 with target at $123.

TLI Analysis — Key Levels & Timeline

Latest Update (Sep 9, 2026 — email #103149)

• Cup and Handle formation since IPO in early 2024
• No other count visible — moving in Wave 3 to 1.618 Fib at $123
• After Wave 3: expect pullback to 0.38 Fib at $105, then move to ATH at blue line $143
• Reversal came as soon as they started reporting positive Earnings after missing 5 in a row
• If they can be consistent → new primary impulse wave count forming, breakout of consolidation range

Position Context

• Conviction: ⭐ — new coverage
• Key levels: $123 (1.618 Fib Wave 3 target), $105 (0.38 Fib pullback), $143 (ATH)
• Type: Indonesian consumer — new IPO (2024)

Price Check edited

• 2026-09-09 — No price available from tracked ticker list (new addition). Check manually.

Gaps

• First TLI email — no prior coverage context
• Company fundamentals not discussed (chart-only coverage so far)