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    EGX (30) Index: Trend Close CHG % CHG S/L 26-Nov-13

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    The EGX 30 index closed at 6,356.47 points, down 1.24% on the day. The document provides the closing prices and recent trading trends of various Egyptian stocks, along with trading recommendations such as whether to buy, sell, or hold the stocks. It finds that the EGX 30 may continue trading in the 6,200 to 6,600 point range in the near term. Traders are advised to follow stop-loss levels and protect profits given the overall negative market conditions. The EGX 70 underperformed the EGX 30 on a short-term weekly basis, though outperformed on a medium-term quarterly basis.

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    EGX (30) Index: Trend Close CHG % CHG S/L 26-Nov-13

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    api-237717884
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    The EGX 30 index closed at 6,356.47 points, down 1.24% on the day. The document provides the closing prices and recent trading trends of various Egyptian stocks, along with trading recommendations such as whether to buy, sell, or hold the stocks. It finds that the EGX 30 may continue trading in the 6,200 to 6,600 point range in the near term. Traders are advised to follow stop-loss levels and protect profits given the overall negative market conditions. The EGX 70 underperformed the EGX 30 on a short-term weekly basis, though outperformed on a medium-term quarterly basis.

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    The EGX 30 index closed at 6,356.47 points, down 1.24% on the day. The document provides the closing prices and recent trading trends of various Egyptian stocks, along with trading recommendations such as whether to buy, sell, or hold the stocks. It finds that the EGX 30 may continue trading in the 6,200 to 6,600 point range in the near term. Traders are advised to follow stop-loss levels and protect profits given the overall negative market conditions. The EGX 70 underperformed the EGX 30 on a short-term weekly basis, though outperformed on a medium-term quarterly basis.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    17 views3 pages

    EGX (30) Index: Trend Close CHG % CHG S/L 26-Nov-13

    Uploaded by

    api-237717884
    The EGX 30 index closed at 6,356.47 points, down 1.24% on the day. The document provides the closing prices and recent trading trends of various Egyptian stocks, along with trading recommendations such as whether to buy, sell, or hold the stocks. It finds that the EGX 30 may continue trading in the 6,200 to 6,600 point range in the near term. Traders are advised to follow stop-loss levels and protect profits given the overall negative market conditions. The EGX 70 underperformed the EGX 30 on a short-term weekly basis, though outperformed on a medium-term quarterly basis.

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    of 3

    26-Nov-13

    Trend

    EGX(30) Index

    Close
    6,356.47

    Chg
    -79.66

    % Chg
    -1.24%

    S/L
    6,200

    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 44.89 8.43 11.22 14.01 11.50 17.25 10.80 6.99 4.90 1.72 18.80 0.91 8.39 3.60 5.19 12.25 3.28

    Current 4 Weeks Trend

    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 n/a 11.00 15.90 n/a n/a n/a n/a n/a n/a 8.00 3.45 n/a n/a 3.15

    Trading Triggers Support S2 40.00 7.50 n/a n/a 10.00 14.50 n/a n/a n/a n/a n/a n/a 7.25 3.20 n/a n/a 3.00 Resistance R1 47.70 8.40 13.00 n/a 14.00 19.00 n/a n/a n/a n/a n/a n/a 9.30 3.80 n/a n/a 3.60 R2 52.00 10.00 n/a n/a 15.45 20.00 n/a n/a n/a n/a n/a n/a 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

    Construction & Building M aterials


    South Valley Cement Last session, EGX(30) Index closed at (6,356.47) losing 79.66 points nearly 1,24% on moderate volume recording (132,362,743) shares. Upper Egypt Contracting Giza General Contracting

    Financial Services excluding Banks "The Bear Puts On Som e W eight" ...........................................................
    The session closed on a negative note. All the negative technical evidence is finally taking its toll on stocks. 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

    Food I ndustry & M ills


    Juhayna Food Industries International Agricultural Products

    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

    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 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 28.00 1.03 0.85 11.54 5.60 22.25 2.60 24.50 6.90 13.00 3.24 4.09 4.70 13.50 0.71 6.38 4.14 3.20 1.21

    Current 4 Weeks Trend

    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 n/a n/a n/a n/a n/a 21.70 2.45 n/a n/a 11.50 3.25 n/a 4.60 n/a 0.65 n/a n/a n/a 1.15

    Trading Triggers Support S2 n/a n/a n/a n/a n/a 20.80 2.10 n/a n/a 11.00 2.65 n/a 4.30 n/a 0.55 n/a n/a n/a 1.10 Resistance R1 n/a n/a n/a n/a n/a 24.00 2.75 n/a n/a 15.00 3.35 n/a 4.80 n/a 0.70 n/a n/a n/a 1.30 R2 n/a n/a n/a n/a n/a 27.10 2.90 n/a n/a n/a 3.65 n/a 5.20 n/a 0.80 n/a 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)

    I ndustrial Goods, Services & Autom obiles

    Last session, EGX(30) Index closed at (6,356.47) losing 79.66 points nearly 1.24%, EGX(70) Index closed at (527.46) losing 7.51 points nearly 1.40%.

    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

    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, MSTA, 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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