19-Dec-13
Trend
EGX(30) Index
Close
6,723.64
Chg
3.24
% Chg
0.05%
S/L
6,400
Daily Trading Stocks Stock Name
Reuters Code COMI ADIB SAUD ESRS ASCM SKPC EFIC MICH SVCE UEGC GGCC EKHO HRHO CCAP PIOH JUFO IFAP
Last Trade 32.99 8.57 11.27 15.58 12.00 17.25 11.40 6.91 4.98 2.00 20.10 0.92 8.78 3.62 5.53 13.93 3.19
Current 4 Weeks Trend
Suggested Trading Strategy Hold Hold Trade Range Closed Hold Hold Hold Closed Buy Closed Closed Closed Hold Hold Hold Closed Closed
Current 4 Months Trend S1 31.50 8.15 11.00 14.15 11.00 17.00 11.00 6.60 4.75 n/a n/a n/a 8.15 3.45 5.25 n/a n/a
Trading Triggers Support S2 28.40 7.90 n/a 13.25 10.00 15.90 10.40 6.30 4.10 n/a n/a n/a 7.75 3.20 4.80 n/a n/a Resistance R1 31.80 8.40 13.00 15.00 14.00 19.00 12.00 7.00 5.40 n/a n/a n/a 9.30 3.80 5.65 n/a n/a R2 34.70 10.00 n/a 15.80 15.45 20.00 n/a 7.40 6.00 n/a n/a n/a 9.95 n/a 5.85 n/a n/a
Trailing S/L 31.10 8.00 10.80 n/a 10.80 16.80 10.80 n/a 4.70 n/a n/a n/a 8.00 3.40 5.10 n/a n/a
Banks
Commercial International Bank Abu Dhabi Islamic Bank Al Baraka Bank
Basic R esources
El Ezz Steel Rebars Asek Company for Mining
Chem icals
Sidi Kerir Petrochemicals Egyptian Financial & Industrial Misr Chemical Industries
Construction & Building M aterials
South Valley Cement Last session, EGX(30) Index closed at (6,723.64) gaining 3.24 points nearly 0.05% on moderate volume recording (161,928,308) shares. Upper Egypt Contracting Giza General Contracting
Financial Services excluding Banks
Egyptian Kuwaiti Holding
"Bulls Still I n Control" ...............................................................................
The session closed on a positive note. Trading volumes are increasing on the way up. Our analysis implies that on the near term horizon, EGX (30) may continue to trade within the (6,400 - 6,800) zone. S/L adjusted to 6,400.
Egyptian Financial Group Citadel Capital Pioneers holding
Food I ndustry & M ills
Juhayna Food Industries Traders are advised to keep track of Stop/Loss levels at all times and take all necessary actions to protect profits / reduce loss.
Trend Med Term From 3 to 9 Months. Short Term From 3 to 6 Weeks. Near Term Up to 3 Weeks. Trends are updated on Sundays Trend is up. Trend is down. Trend is flat.
International Agricultural Products
The recommendations in this report are subject to change without prior notice.
Trading Triggers Short term (Support / Resistance). S/L Stop/Loss, A price level when violated downwards, i.e. One day close below that level, it's best to EXIT current position. Last Closing price of the previous day "Last Trade". Strikethrough Targets (R1/R2) or (S1/S2) achieved (+/- 1%). Underline New Update. Page 1 of 2
Buy Sell Buy Dips Sell Rallies Hold
Trading Strategy Buy close to support. Sell close to resistance, S/L level not provided. Buy downward corrections. Sell upward corrections, S/L level not provided. Hold on current position AND track Stop/loss levels.
Accumulate Reduce Trade Range S/L Hit
Buy part of position. Current price offers a short term trading opportunity, Sell Part / Re-Buy within S1/S2. Trade suggested triggers. Apply Stop Loss & wait for a new buy signal.
Take Profit
Closed
Price is within R1/R2 range, Sell All / Part.
Waiting for new signal, S/L level not applicable.
Normalized Relative Strength Analysis "YTD"
Daily Trading Stocks Stock Name El Sewedy Cables Maridive & Oil Services Co. Egyptian Electrical Cables Canal Shipping Agencies Real Estate T M G Holding Six of October Dev. & Inv. Co. (SODIC) Palm Hills Development Heliopolis Housing El Kahera Housing & Development United Housing & Development Egy. Housing Dev. & Reconstruction
Reuters Code SWDY MOIL ELEC CSAG TMGH OCDI PHDC HELI ELKA UNIT EHDR ELSH GTHE ETEL OTMT RAYA ACGC APSW SPIN
Last Trade 32.00 1.01 0.81 11.71 6.19 24.15 2.62 25.23 7.88 14.25 3.30 4.58 4.79 13.60 0.76 6.82 4.64 3.35 1.23
Current 4 Weeks Trend
Suggested Trading Strategy Closed Closed Closed Buy Hold Hold Hold Closed Closed Hold Buy Hold Hold Buy Trade Range Closed Closed Closed Hold
Current 4 Months Trend S1 n/a n/a n/a 10.70 5.80 23.00 2.45 n/a n/a 13.50 3.05 4.20 4.50 13.10 0.65 n/a n/a n/a 1.15
Trading Triggers Support S2 n/a n/a n/a 8.90 5.50 20.80 2.10 n/a n/a 11.50 2.60 3.85 4.30 12.10 0.55 n/a n/a n/a 1.10 Resistance R1 n/a n/a n/a 13.00 6.50 25.00 2.75 n/a n/a 15.00 3.55 4.80 4.80 14.25 0.70 n/a n/a n/a 1.30 R2 n/a n/a n/a 13.90 n/a 27.10 2.90 n/a n/a 15.50 n/a 5.10 5.20 15.00 0.80 n/a n/a n/a 1.60
Trailing S/L n/a n/a n/a 10.50 5.70 22.70 2.42 n/a n/a 13.30 3.00 4.10 4.40 12.90 0.64 n/a n/a n/a 1.13
(EGX30 Vs EGX70)
I ndustrial Goods, Services & Autom obiles
Last session, EGX(30) Index closed at (6,723.64) gaining 3.24 points nearly 0.05%, EGX(70) Index closed at (535.55) losing 0.01 points nearly 0.00%. EGX(30) index (YTD) is outperforming EGX(70) (middle panel - red line - below zero line). On the medium term horizon (QTD) EGX(70) is outperforming EGX (30) (lower panel - blue line - above zero line). On the short term horizon (WTD) EGX (70) is the underperformer (lower panel - green line). Accordingly, traders are advised to focus on "EGX(30)", unless exclusively recommended, while keeping track of Stop / Loss levels and taking all necessary action to protect profits / reduce loss. Relative strength analysis using EGX(30) as the base index, provides valuable information required for proper stock allocation.
Trend Med Term From 3 to 9 Months. Short Term From 3 to 6 Weeks. Near Term Up to 3 Weeks. Trends are updated on Sundays Trend is up. Trend is down. Trend is flat.
El Shams Housing & Urbanization Telecommunications & Technology Global Telecom Holding Telecom Egypt Orascom Telecom Media & Tech. Raya Holding For Technology Textiles Arab Cotton Ginning Arab Polvara Spinning & Weaving Alex. Spinning & Weaving (SPINALEX)
The recommendations in this report are subject to change without prior notice.
Trading Triggers Short term (Support / Resistance). S/L Stop/Loss, A price level when violated downwards, i.e. One day close below that level, it's best to EXIT current position. Last Closing price of the previous day "Last Trade". Strikethrough Targets (R1/R2) or (S1/S2) achieved (+/- 1%). Underline New Update. Page 2 of 2
Buy Sell Buy Dips Sell Rallies Hold
Trading Strategy Buy close to support. Sell close to resistance, S/L level not provided. Buy downward corrections. Sell upward corrections, S/L level not provided. Hold on current position AND track Stop/loss levels.
Accumulate Reduce Trade Range S/L Hit
Buy part of position. Current price offers a short term trading opportunity, Sell Part / Re-Buy within S1/S2. Trade suggested triggers. Apply Stop Loss & wait for a new buy signal.
Take Profit
Closed
Price is within R1/R2 range, Sell All / Part.
Waiting for new signal, S/L level not applicable.
Research Team
Head of TA Research Tamer Gamal, CFTe, MSTA, CETA Technical Analyst Abdel Rahman Atwa, CETA
Sales Team
Head of Sales Yasser Alaa Tel: 02-27929041 Email:[email protected] Gulf Sales Tamer Safwat Tel: 02-27929042 Email:[email protected] Institutional Sales Mohamed Mounir Tel: 02-27929043 Email:[email protected]
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