ENGC Trend

Medium Term Short Term Near Term

Daily Chart Current

18-Mar-14 Forecast

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Last session, Engineering Industries (ICON) closed at 8.25 gaining 0.05 points, nearly 0.60% ENGC is currently underperforming EGX70.

Currently, ENGC is trading above 7.40 support zone. Our analysis implies that ENGC may target 10.30 zone on the short term horizon. Accordingly, traders are advised to Buy, while keeping S/L just below 7.40 level.

Traders are advised to "Buy", keep track of the Stop/Loss levels at all times and take all necessary actions to protect profits / reduce loss.

Close:

8.25 7.40 10.30

Ticker Support 1 7.40 Support 2 7.05 Resistance 1 10.30
Head of TA Research 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. Gulf Sales: Tamer Safwat Tel: 02-27929042 Email:tsafwat@aaisecurities.com Institutional Sales: Mohamed Mounir Tel: 02-27929043 Email::mmounir@aaisecurities.com

Support Level: Resistance Level: Stop / Loss Level:

Trend Med Term Short Term Near Term

Resistance 2 12.15

S/L 7.40

Reward 24.85%
Sales Team

Risk 10.30%

R/R 2.41

7.40
Trading Strategy

ENGC

From 3 to 9 Months. From 3 to 6 Weeks. Up to 3 Weeks.

Buy Sell Buy Dips

Tamer Gamal, CFTe, MSTA, CETA Technical Analyst Abdel Rahman Atwa, CETA

Head of Sales: Yasser Alaa Tel: 02-27929041 Email:yalaa@aaisecurities.com

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Trend is up. Trend is down. Trend is flat.

Sell Rallies Hold

ETRS Trend
Medium Term Short Term Near Term

Daily Chart Current

18-Mar-14 Forecast

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Last session, Egyptian Transport (EGYTRANS) closed at 16.67 gaining 0.02 points, nearly 0.10%. ETRS is currently outperformimg EGX70. Inline with expectations, ETRS recorded a high of 17.38 that matched our previously forecasted target of 17.00 zone. Our analysis implies that ETRS current rally may continue targeting 18.20 zone on the short term horizon. Accordingly, traders are advised to Hold, while keeping S/L just below 15.20 level "updated". Traders are advised to "Hold", keep track of the Stop/Loss levels at all times and take all necessary actions to protect profits / reduce loss.

Close:

16.67 15.20 20.15

Ticker Support 1 15.20 Support 2 13.05 Resistance 1 20.15
Head of TA Research 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. Gulf Sales: Tamer Safwat Tel: 02-27929042 Email:tsafwat@aaisecurities.com Institutional Sales: Mohamed Mounir Tel: 02-27929043 Email::mmounir@aaisecurities.com

Support Level: Resistance Level: Stop / Loss Level:

Trend Med Term Short Term Near Term

Resistance 2 23.00

S/L 15.20

Reward 20.88%
Sales Team

Risk 8.82%

R/R 2.37

15.20
Trading Strategy

ETRS

From 3 to 9 Months. From 3 to 6 Weeks. Up to 3 Weeks.

Buy Sell Buy Dips

Tamer Gamal, CFTe, MSTA, CETA Technical Analyst Abdel Rahman Atwa, CETA

Head of Sales: Yasser Alaa Tel: 02-27929041 Email:yalaa@aaisecurities.com

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Trend is up. Trend is down. Trend is flat.

Sell Rallies Hold