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EGX (30) Index: Trend Close CHG % CHG S/L 24-Nov-13
EGX (30) Index: Trend Close CHG % CHG S/L 24-Nov-13
Trend
EGX(30) Index
Close
6,457.01
Chg
-40.55
% Chg
-0.62%
S/L
6,200
Reuters Code COMI ADIB SAUD ESRS ASCM SKPC EFIC MICH SVCE UEGC GGCC EKHO HRHO CCAP PIOH JUFO IFAP
Last Trade 45.48 8.63 11.31 14.66 11.65 17.50 11.21 7.70 5.04 1.80 20.28 0.93 8.75 3.72 5.49 12.50 3.36
Suggested Trading Strategy Hold Hold Trade Range Closed Accumulate Hold Closed Closed Closed Closed Closed Closed Hold Hold Closed Closed Hold
Current 4 Months Trend S1 42.00 7.90 11.00 13.25 11.00 15.90 10.35 7.20 4.90 n/a n/a 0.80 8.00 3.45 n/a n/a 3.15
Trading Triggers Support S2 40.00 7.50 n/a 12.15 10.00 14.50 9.60 6.40 4.75 n/a n/a 0.65 7.25 3.20 n/a n/a 3.00 Resistance R1 47.70 8.40 13.00 15.00 14.00 19.00 11.50 8.25 5.40 n/a n/a 1.00 9.30 3.80 n/a n/a 3.60 R2 52.00 10.00 n/a 15.80 15.45 20.00 12.00 9.20 n/a n/a n/a 1.10 9.95 n/a n/a n/a 3.80
Trailing S/L 41.50 7.80 10.80 n/a 10.80 15.70 n/a n/a n/a n/a n/a n/a 7.90 3.40 n/a n/a 3.10
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
Financial Services excluding Banks "Technical Setbacks Are Building Up" .........................................................
The session closed on a negative note. EGX(30) short term up-trend is still intact. Nonetheless, recently the bulls are losing momentum. Trading volumes are increasing on the way up, but still moderate in general. Our analysis implies that on the near term horizon, EGX (30) may continue to trade within the (6,200 - 6,600) zone. Egyptian Kuwaiti Holding Egyptian Financial Group Citadel Capital Pioneers holding
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.
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
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.
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
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 29.00 1.06 0.86 11.72 5.94 23.06 2.71 26.00 7.17 13.04 3.38 4.20 4.87 13.75 0.72 6.50 4.30 3.36 1.23
Suggested Trading Strategy Closed Closed Closed Closed Closed Hold Hold Closed Closed Buy Dips Hold Closed Hold Closed Trade Range Closed Closed Closed Hold
Current 4 Months Trend S1 23.00 n/a n/a 10.65 n/a 21.70 2.45 24.00 6.60 11.50 3.25 n/a 4.60 n/a 0.65 5.40 n/a n/a 1.15
Trading Triggers Support S2 21.00 n/a n/a 9.50 n/a 20.80 2.10 22.00 6.00 11.00 2.65 n/a 4.30 n/a 0.55 4.80 n/a n/a 1.10 Resistance R1 27.50 n/a n/a 13.00 n/a 24.00 2.75 27.90 6.85 15.00 3.35 n/a 4.80 n/a 0.70 6.75 n/a n/a 1.30 R2 30.00 n/a n/a 13.90 n/a 27.10 2.90 30.50 7.60 n/a 3.65 n/a 5.20 n/a 0.80 7.25 n/a n/a 1.60
Trailing S/L n/a n/a n/a n/a n/a 21.40 2.42 n/a n/a 11.30 3.20 n/a 4.50 n/a 0.64 n/a n/a n/a 1.13
(EGX30 Vs EGX70)
Last session, EGX(30) Index closed at (6,457.01) losing 40.55 points nearly 0.62%, EGX(70) Index closed at (536.15) losing 1.11 points nearly 0.21%.
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)
EGX(30) index (YTD) is outperforming EGX(70) (middle panel - red line). On the medium term horizon (QTD) EGX(70) is outperforming EGX (30) (lower panel blue line). On the short term horizon (WTD) EGX (70) is no longer the outperformer (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.
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
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.
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
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:yalaa@aaisecurities.com Gulf Sales Tamer Safwat Tel: 02-27929042 Email:tsafwat@aaisecurities.com Institutional Sales Mohamed Mounir Tel: 02-27929043 Email:mmounir@aaisecurities.com
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