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    EGX (30) Index: Trend Close CHG % CHG S/L 17-Mar-14

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    - The EGX 30 index closed at 8,126.33 points, down 0.17% on moderate trading volume, while the EGX 70 index closed at 648.40 points, down 0.42%. - Analysis indicates the EGX 30 may continue trading in the 7,850 to 8,400 point range in the near term, with support below 7,840 points. Individual stock stop-loss levels are adjusted daily. - On a medium term (4 month) horizon, the EGX 30 has outperformed the EGX 70, while on a short term (4 week) horizon the EGX 70 has underperformed. Traders are advised to focus on

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    EGX (30) Index: Trend Close CHG % CHG S/L 17-Mar-14

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    - The EGX 30 index closed at 8,126.33 points, down 0.17% on moderate trading volume, while the EGX 70 index closed at 648.40 points, down 0.42%. - Analysis indicates the EGX 30 may continue trading in the 7,850 to 8,400 point range in the near term, with support below 7,840 points. Individual stock stop-loss levels are adjusted daily. - On a medium term (4 month) horizon, the EGX 30 has outperformed the EGX 70, while on a short term (4 week) horizon the EGX 70 has underperformed. Traders are advised to focus on

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    - The EGX 30 index closed at 8,126.33 points, down 0.17% on moderate trading volume, while the EGX 70 index closed at 648.40 points, down 0.42%. - Analysis indicates the EGX 30 may continue trading in the 7,850 to 8,400 point range in the near term, with support below 7,840 points. Individual stock stop-loss levels are adjusted daily. - On a medium term (4 month) horizon, the EGX 30 has outperformed the EGX 70, while on a short term (4 week) horizon the EGX 70 has underperformed. Traders are advised to focus on

    Copyright:

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    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views3 pages

    EGX (30) Index: Trend Close CHG % CHG S/L 17-Mar-14

    Uploaded by

    api-237717884
    - The EGX 30 index closed at 8,126.33 points, down 0.17% on moderate trading volume, while the EGX 70 index closed at 648.40 points, down 0.42%. - Analysis indicates the EGX 30 may continue trading in the 7,850 to 8,400 point range in the near term, with support below 7,840 points. Individual stock stop-loss levels are adjusted daily. - On a medium term (4 month) horizon, the EGX 30 has outperformed the EGX 70, while on a short term (4 week) horizon the EGX 70 has underperformed. Traders are advised to focus on

    Copyright:

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    Download as PDF, TXT or read online from Scribd
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    of 3

    17-Mar-14

    Trend

    EGX(30) Index

    Close
    8,126.33

    Chg
    -13.72

    % Chg
    -0.17%

    S/L
    7,840

    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 37.03 8.35 12.25 17.80 14.11 19.86 11.78 7.21 6.79 2.51 32.50 1.11 12.80 4.19 13.59 12.90 4.92

    Current 4 Weeks Trend

    Suggested Trading Strategy Hold Trade Range Closed Hold Hold Hold Closed Closed Hold Hold Closed Hold Hold Hold Hold Closed Closed

    Current 4 Months Trend S1 36.00 8.10 n/a 17.00 13.00 18.40 n/a n/a 6.50 2.50 26.50 1.05 12.60 4.00 12.70 n/a n/a

    Trading Triggers Support S2 32.00 7.50 n/a 15.45 11.90 17.00 n/a n/a 6.00 2.20 24.50 0.95 11.80 3.60 12.00 n/a n/a Resistance R1 n/a 9.00 n/a 18.00 14.00 20.00 n/a n/a 7.00 2.50 n/a 1.10 12.00 4.30 14.75 n/a n/a R2 n/a 9.50 n/a 20.60 15.45 22.00 n/a n/a 7.90 3.00 n/a 1.20 14.00 4.80 16.00 n/a n/a

    Trailing S/L 35.60 8.00 n/a 16.80 12.80 18.20 n/a n/a 6.40 2.47 n/a 1.03 12.40 3.90 12.50 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 (8,126.33) losing 13.72 points nearly 0.17% on moderate volume recording (277,043,710) shares. Upper Egypt Contracting Giza General Contracting

    Financial Services excluding Banks


    Egyptian Kuwaiti Holding

    "Sellers Took A Sw ipe At Stocks" The session closed on a negative note on


    moderate trading volume. Our analysis implies that on the near term horizon, EGX (30) may continue to trade within the (7,850 - 8,400) zone. S/L below 7,840 level. Stock S/L levels are adjusted daily.

    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 Medinet Nasr Housing El Kahera Housing & Development United Housing & Development Egy. Housing Dev. & Reconstruction

    Reuters Code SWDY MOIL ELEC CSAG TMGH OCDI PHDC MNHD ELKA UNIT EHDR ELSH GTHE ETEL OTMT RAYA ACGC APSW SPIN

    Last Trade 33.00 1.24 1.53 13.12 8.15 25.24 3.81 26.00 11.01 14.71 4.50 5.84 4.59 16.06 1.42 8.30 6.62 4.40 1.62

    Current 4 Weeks Trend

    Suggested Trading Strategy S/L Hit Hold Hold Buy Hold Hold Hold Closed Hold Closed Hold Hold Closed Take Profit Hold Closed Hold Hold Hold

    Current 4 Months Trend S1 n/a 1.14 1.40 12.70 7.60 24.00 3.40 n/a 9.40 n/a 4.30 5.70 n/a 14.85 1.37 n/a 6.40 4.40 1.55

    Trading Triggers Support S2 n/a 1.05 1.25 12.20 7.00 22.00 2.95 n/a 9.00 n/a 3.80 5.10 n/a 14.00 1.30 n/a 5.75 4.00 1.45 Resistance R1 n/a 1.20 1.40 16.20 8.50 25.00 3.60 n/a 9.90 n/a 4.50 6.00 n/a 16.00 1.40 n/a 6.25 4.50 1.65 R2 n/a 1.30 1.60 17.35 10.00 27.10 4.00 n/a 11.00 n/a 5.50 6.70 n/a 17.00 1.80 n/a 7.00 5.00 1.75

    Trailing S/L -1.12 1.38 12.50 7.50 23.70 3.36 n/a 9.30 n/a 4.20 5.60 n/a 14.70 1.35 n/a 6.30 4.30 1.53

    (EGX30 Vs EGX70)

    I ndustrial Goods, Services & Autom obiles

    Last session, EGX(30) Index closed at (8,126.33) losing 13.72 points nearly 0.17%, EGX(70) Index closed at (648.40) losing 2.72 points nearly 0.42%.

    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)

    On the medium term horizon (4 months) EGX(30) is outperforming EGX(70) (lower panel - blue line - below zero line). On the short term horizon (4 weeks) EGX (70) is the under performing EGX(30) (lower panel - green line - below zero 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

    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, 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]

    Call Center
    From 9:00 am to 3:00 pm

    19537

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