TARGET TECHNICAL REVIEW FOR THE WEEK ENDED 24TH OCTOBER 2012 General Comment: The losses in the

market during had effect on most of the stocks. For many stocks, the support points are threatened. From the analysis only Fidelity Bank was able to maintain good support. Dangote Sugar just barely hold at the support level, while the resistance level is reducing. . Comment on Indexes: All the indexes retraced during the week.

SUMMARY OF CHANGES (YEAR TO DATE) MAJOR INDEXES FOR THE WEEK ENDED 24 OCTOBER 2012

Indexes
All Share Index Stochastic NSE 30 Stochastic NSE OIL AND GAS Stochastic NSE FOOD & Bev Stochastic NSE INSURANCE StochasticNSE BANKING Stochastic

Week Ended 24th Oct 2012 +29.84% 85.01% +37.42% 52.15% -29.84% 0.51% +295.71% 78.08% -4.10% 11.46% +55.97% 53.88%

Week Ended 19th Oct 2012 +31.56 81.68% +39.60 81.76% -28.54 6.32% +303.42 78.50% -5.22% 54.26% +60.78 83.78%

Week Ended 12th Oct 2012 +31.63 96.71% 40.07% 96.68% -26.24% 56.36% +301.20% 96.95% -0.96% 91.57% 63.30% 96.33%

Source http://www.bloomberg.com/markets/indexes/country/nigeria/ A) 3 WEEKS SUPPORT AND RESISTANCE- INDIVIDUAL STOCKS/ALL SHARE INDEX

NSE

Week Ended 24th Oct 2012 27015

Week Ended 19th Oct 2012 27217

Week Ended 12th Oct 2012 27059

Pivot-

Support S2Resistance R2Stochastic(%K) Summary

26499 27531 85.09% Neutral/Overbought

26879 27555 81.68% Buy Zone/Overbought

26142 27976 96.71 Buy Zone

FIDELITY BANK

Week Ended 24th Oct 2012 2.19 2.00 2.39 32.07% Buy Zone

Week Ended 19th Oct 2012 2.12 1.93 2.31 39.54% Neutral

Week Ended 12th Oct 2012 2.22 1.54 2.90 91.93 Buy Zone

PivotSupport S2Resistance R2Stochastic(%K) Summary

DANGOTE SUGAR

Week Ended 24th Oct 2012 5.65 5.16 6.14 38.05% Neutral

Week Ended 19th Oct 2012 5.43 4.53 6.33 39.54 neutral

Week Ended 12th Oct 2012 6.05 4.42 7.68 89.69 Overbought/Buy Zone

PivotSupport S2Resistance R2Stochastic(%K) Summary

PZ

Week Ended 24th Oct 2012 27.55 24.62 30.48 82.00% Neutral

Week Ended 19th Oct 2012 28.51 23.37 33.65 97.46 Neutral/Overbought

Week Ended 12th Oct 2012 25.05 23.98 26.12 60.90 Buy Zone

PivotSupport S2Resistance R2Stochastic(%K) Summary

Fidson

Week Ended 24th Oct 2012 1.15 1.03 1.27 37.99% Neutral

Week Ended 19th Oct 2012 1.20 1.00 1.40 42.42 neutral

Week Ended 12th Oct 2012 1.22 0.97 1.46 65.43 Neutral

PivotSupport S2Resistance R2Stochastic(%K) Summary

UNILEVER

Week Ended 24th Oct 2012 41.65 41.27 42.02 0.27% Neutral

Week Ended 19th Oct 2012 41.93 40.63 43.23 0.5% Neutral

Week Ended 12th Oct 2012 43.00 41.21 44.79 76.16 Buy Zone

PivotSupport S2Resistance R2Stochastic(%K) Summary

WAPCO

Week Ended 24th Oct 2012 55.45 52.29 58.61 26.67% Neutral

Week Ended 19th Oct 2012 56.54 55.65 57.42 26.80 Neutral Zone

Week Ended 12th Oct 2012 57.48 56.41 58.55 65.87 Buy Zone

PivotSupport S2Resistance R2Stochastic Summary

ACCESS

Week Ended 24th Oct 2012 9.06 8.63 9.49 42.02% Neutral

Week Ended 19th Oct 2012 9.3 8.8 9.8 64.17 Neutral/Buy

Week Ended 12th Oct 2012 9.03 8.12 9.94 59.60 Oversold/Buy

PivotSupport S2Resistance R2Stochastic Summary

NASCON

Week Ended 24th Oct 2012 5.90 5.61 6.19 23.98% Neutral/Sell Zone

Week Ended 19th Oct 2012 6.00 5.70 6.30 19.88 Neutral

Week Ended 12th Oct 2012 6.04 5.75 6.33 69.03 Buy Zone

PivotSupport S2Resistance R2Stochastic Summary

Writer: Yusuf Kelani ACA. Final Securities Trading Certification from Ghana Stock Exchange Explanation of Terms: Support: Price at which on can start thinking of buying. This is like saying get set to buy. It is a forecast buying Zone. Resistance: Price at which you should think of selling/taking some profit or exercise caution in buying at this price. Pivot: A central price. At this price the security seems to be appropriately priced.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation. Contact: +233247429534,+2348023054935, E-Mail- kelanio2002@yahoo.com

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