EGX 30 RIC:.EGX30 DAILY CHART

Transcription

1 D T B EGX 30 RIC:.EGX30 DAILY CHART After fulfilling the upside targets of a continuation (green) ascending triangle pattern, the index continued its rising move near 11,600 level. The index has completed another continuation pattern (symmetrical triangle) assigning upside targets near 12,000 then 12,300 levels (Done). A short-term downside correction move has been witnessed before continuing the way up. Volume and price momentum indicators started to show positive signs. Short-term traders are advised to buy dips and medium-term are advised to hold. Otherwise a short-term stop loss below 12,650 level should be respected. BOTTOM LINE: (Last Price: 13,304 pt.) Short-term traders are advised to Buy Dips and medium-term to Hold. SIGNIFICANT LEVELS: Third 12,700 12,500 12,150 13,600 13,900 14,250 Stop Loss 12,650 12,200 - Target

2 D T B EGX 70 RIC:.EGX70 DAILY CHART The index has cleared the upper band of a medium-term (green) descending triangle pattern. The completed pattern assigned upside targets near 370, 384, then 406 levels (done). The index has cleared a long-term (brown) declining trend line and a retreating movement to the broken band has been witnessed before continuing the way up. Volume and price momentum indicators started to be positive. All traders are advised to buy dips. Otherwise a short-term stop loss below 455 should be respected. BOTTOM LINE: (Last Price: 476 pt.) Short-term traders are advised to Buy Dips and medium-term to Hold. SIGNIFICANT LEVELS: Third Stop Loss Target

3 D T B I T T Security Name Reuters Code Buying Level Taking Profits Level Stop Loss Level Gain % Risk % Reward / Risk Ratio Commercial International Bank COMI.CA % 0.52% Egyptian Financial Group Hermes Holding HRHO.CA % 1.13% Pioneers Holding for Financial Investment PIOH.CA % 1.27% Telecom Egypt ETEL.CA % 1.22% Elsaeed Contracting and Real Estate Investment UEGC.CA % 1.14% Citadel Capital CCAP.CA % 1.68% Egyptian Resorts Co EGTS.CA % 1.64% Arabia Investments and Development AIND.CA % 1.79% Orascom Telecom Media and Technology Holding OTMT.CA % 1.27% Arab Cotton Ginning ACGC.CA % 1.03% Emaar Misr for Development EMFD.CA % 1.69% Palm Hills Development Co PHDC.CA % 1.54% United Arab Stevedoring UASG.CA % 1.11% Global Telecom Holding GTHE.CA % 1.14% * We are using specific Technical Criterion/system in the trading process. * Stop loss levels should be respected when prices close below it. * Buying and selling orders can be adjusted by 1% above or below the recommended price due to session s circumstances. 3

4 D T B I T T (C.) Security Name Reuters Code Buying Level Taking Profits Level Stop Loss Level Gain % Risk % Reward / Risk Ratio Amer Group Holding AMER.CA % 3.13% Porto Group PORT.CA % 3.57% Madinet Nasr Housing and Development MNHD.CA % 0.93% Heliopolis for Housing and Development HELI.CA % 0.88% Sixth of October for Development OCDI.CA % 1.01% Talaat Moustafa Group Holding TMGH.CA % 1.05% Ezz Steel ESRS.CA % 1.24% Extracted Oils ZEOT.CA % 1.18% South Valley Cement Co SVCE.CA % 1.14% Prime Holding PRMH.CA % 1.61% Oriental Weavers Carpet ORWE.CA % 1.22% El Nasr Clothing and Textiles KABO.CA % 1.87% Sharm Dreams for Touristic Investment SDTI.CA % 1.58% Electro Cable Co ELEC.CA % 1.15% * We are using specific Technical Criterion/system in the trading process. * Stop loss levels should be respected when prices close below it. * Buying and selling orders can be adjusted by 1% above or below the recommended price due to session s circumstances. 4

5 D T B F - T Stock Name Reuters Code Close Price Stop Loss MOMENTUM (Price & Volume) Short-term Medium-term Recommendation STT MTT Commercial International Bank COMI.CA Neutral Neutral Buy Dips Hold Talaat Moustafa Group Holding TMGH.CA Neutral Bullish Buy Dips Hold Egyptian Financial Group Hermes Holding HRHO.CA Neutral Bullish Buy Dips Hold Madinet Nasr Housing and Development MNHD.CA Neutral Bullish Buy Dips Hold Heliopolis for Housing and Development HELI.CA Neutral Bullish Buy Dips Hold Sixth of October for Development OCDI.CA Neutral Neutral Hold Hold Ezz Steel ESRS.CA Neutral Bullish Buy Dips Hold Elsewedy Electric Co SWDY.CA Neutral Bullish Buy Dips Hold Palm Hills Development PHDC.CA Neutral Neutral Buy Dips Hold Orascom Construction ORAS.CA Neutral Bullish Hold Hold Telecom Egypt ETEL.CA Neutral Bullish Buy Dips Hold Pioneers Holding for Financial Investment PIOH.CA Neutral Neutral Buy Dips Hold Egyptian Kuwaiti Holding EKHO.CA Bullish Neutral Buy Dips Hold 5

6 D T B F - T Stock Name Reuters Code Close Price Stop Loss MOMENTUM (Price & Volume) Short-term Medium-term Recommendation STT MTT Edita Food Industries EFID.CA Bullish Bullish Hold Hold Ghabbour Auto AUTO.CA Neutral Bullish Hold Hold Emaar Misr for Development EMFD.CA Neutral Neutral Hold Hold Citadel Capital CCAP.CA Neutral Neutral Hold Hold Orascom Telecom Media And Technology Holding OTMT.CA Neutral Neutral Hold Hold Arabian Food Industries DOMT.CA Neutral Neutral Hold Hold Arab Cotton Ginning ACGC.CA Bullish Bullish Hold Hold Amer Group Holding AMER.CA Neutral Bullish Hold Hold Porto Group PORT.CA Neutral Bullish Hold Hold Arabia Investments AIND.CA Neutral Bullish Hold Hold Elsaeed Contracting & Real Estate Investment UEGC.CA Neutral Neutral Hold Hold Cairo Oils and Soap COSG.CA Bullish Bullish Hold Hold Egyptian Iron and Steel IRON.CA Neutral Bullish Hold Hold 6

7 D T B F - T Stock Name Reuters Code Close Price Stop Loss MOMENTUM (Price & Volume) Short-term Medium-term Recommendation STT MTT Egyptians for Investment and Urban Development EIUD.CA Bearish Neutral Hold Hold Sharm Dreams for Touristic Investment SDTI.CA Neutral Neutral Hold Hold United Arab Stevedoring UASG.CA Neutral Neutral Hold Hold Egyptian International Pharmaceutical Industries PHAR.CA Neutral Neutral Hold Hold Extracted Oils ZEOT.CA Neutral Neutral Hold Hold Alexandria Mineral Oils Co AMOC.CA Bullish Bullish Buy Dips Hold Oriental Weavers Carpet ORWE.CA Neutral Bullish Hold Hold Cleopatra Hospital Co CLHO.CA Neutral Bullish Hold Hold Giza General Contracting and Real Estate Investment GGCC.CA Neutral Neutral Hold Hold Sidi Kerir Petrochemicals SKPC.CA Neutral Bullish Hold Hold Egyptian Chemical Industries EGCH.CA Neutral Bullish Hold Hold Prime Holding PRMH.CA Neutral Bullish Hold Hold South Valley Cement Co SVCE.CA Neutral Bullish Hold Hold 7

8 D T B F - T Stock Name Reuters Code Close Price Stop Loss MOMENTUM (Price & Volume) Short-term Medium-term Recommendation STT MTT Ajwa Group for Food Industries AJWA.CA Bullish Bullish Buy Dips Hold Credit Agricole Egypt CIEB.CA Bullish Bullish Hold Hold Electro Cable Co ELEC.CA Neutral Neutral Hold Hold Arab Real Estate Investment RREI.CA Neutral Neutral Hold Hold Cairo Development and Investment CIRF.CA Neutral Neutral Hold Hold Atlas for Land Reclamation and Agricultural Processing ALRA.CA Neutral Neutral Hold Hold Juhayna Food Industries JUFO.CA Neutral Bullish Hold Hold Egyptian Resorts Co EGTS.CA Neutral Bullish Buy Dips Hold Arabian Cement ARCC.CA Bullish Neutral Hold Hold Global Telecom Holding GTHE.CA Bullish Bullish Buy Dips Hold Eastern Tobacco EAST.CA Neutral Bullish Hold Hold 8

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