EGX (30) Index: Trend Close CHG % CHG S/L 30-Oct-13
EGX (30) Index: Trend Close CHG % CHG S/L 30-Oct-13
EGX (30) Index: Trend Close CHG % CHG S/L 30-Oct-13
Trend
EGX(30) Index
Close
6,095.13
Chg
24.78
% Chg
0.41%
S/L
6,000
Reuters Code COMI ADIB SAUD ESRS ASCM SKPC EFIC MICH SVCE UEGC GGCC EKHO HRHO CCAP PIOH JUFO IFAP
Last Trade 41.80 7.96 11.23 12.34 12.34 16.30 10.85 7.77 5.05 1.47 15.90 0.94 8.01 3.51 4.70 12.59 3.20
Suggested Trading Strategy Closed Hold Trade Range Hold Accumulate Buy Dips Closed Closed Closed Closed Closed Closed Closed Closed Closed Closed Closed
Current 4 Months Trend S1 n/a 7.50 11.00 11.50 11.00 15.50 10.35 7.20 4.75 1.25 14.00 0.80 7.25 n/a 4.30 10.50 2.90
Trading Triggers Support S2 n/a 7.00 n/a 10.40 10.00 14.50 9.60 6.40 4.10 1.10 12.50 0.65 6.40 n/a 4.00 9.50 2.60 Resistance R1 n/a 8.40 13.00 12.00 14.00 19.00 11.50 8.25 5.50 1.55 17.45 1.00 8.00 n/a 4.85 12.50 3.60 R2 n/a 10.00 n/a 13.00 15.45 20.00 12.00 9.20 6.00 1.70 19.55 1.10 9.95 n/a 5.20 13.00 3.80
Trailing S/L n/a 7.40 10.80 11.30 10.80 15.30 n/a n/a n/a n/a n/a n/a n/a n/a n/a 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
Financial Services excluding Banks "The Bear / Bull Fight Continues" .......
.................................................... The session closed on a positive note. EGX(30) short term up-trend is still intact. EGX(30) is currently trading below 6,200 resistance zone. Our analysis implies that on the near term horizon, EGX (30) may continue to trade within the (5,500 6,200) 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 25.20 1.14 0.76 11.52 5.45 23.98 2.49 23.60 6.97 11.41 3.32 3.95 4.70 13.60 0.68 6.11 4.94 3.40 1.22
Suggested Trading Strategy Closed Closed Hold Closed Closed Hold Closed Closed Closed Closed Hold Closed Hold Closed Trade Range Closed Closed Closed Closed
Current 4 Months Trend S1 23.00 n/a 0.70 10.65 n/a 21.70 n/a 24.00 5.50 10.00 3.10 n/a 4.30 n/a 0.58 5.40 4.85 n/a 1.10
Trading Triggers Support S2 21.00 n/a 0.60 9.50 n/a 20.80 n/a 22.00 5.00 9.00 2.65 n/a 4.10 n/a 0.50 4.80 4.00 n/a 0.95 Resistance R1 27.50 n/a 0.80 13.00 n/a 24.00 n/a 27.90 6.85 12.40 3.35 n/a 4.80 n/a 0.70 6.75 5.50 n/a 1.30 R2 30.00 n/a 0.85 13.90 n/a 27.10 n/a 30.50 7.60 n/a 3.65 n/a 5.20 n/a 0.80 7.25 6.45 n/a 1.60
Trailing S/L n/a n/a 0.69 n/a n/a 21.40 n/a n/a n/a n/a 3.06 n/a 4.20 n/a 0.57 n/a n/a n/a n/a
(EGX30 Vs EGX70)
Last session, EGX(30) Index closed at (6,095.13) gaining 24.78 points nearly 0.41%, EGX(70) Index closed at (510.52) gaining 3.10 points nearly 0.61%.
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). On the medium term horizon (QTD) EGX(70) is underperforming EGX (30) (lower panel - Blue Line). On the short term horizon (WTD) EGX (70) is no longer the outperformer (lower panel - Red 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
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