Daily Technical Bulletin -Feb 20- 2017

0 downloads 151 Views 260KB Size Report
Feb 20, 2017 - Cleopatra Hospital Co. CLHO.CA. 16.0. 14.60. 14.83. 18.20. 20.30. 14.0. Neutral. Bullish. Hold ... Jazira
J

S

D

B

EGX 30

RIC: .EGX30

T

B

Monday, February 20, 2017

DAILY CHART

After clearing a medium-term (dashed green) rising trend line, the index turned to sideways action forming a (brown) rectangle pattern. The index just cleared the lower band of it where the decisive breakout below (12,580) assigning a downside target near 12,000 level. Volume and price momentum indicators are still showing bearish structure. all traders are advised to sell rallies.

BOTTOM LINE: (Last Price: 12,549 pt.) all traders are advised to Sell Rallies.

SIGNIFICANT LEVELS: First

Second

Third

Support

12,250

12,000

17,800

Resistance

13,200

13,600

13,900

Stop Loss

-

-

-

Target

12,000

-

-

1

J

S

D

B

EGX 70

RIC: .EGX70

T

B

Monday, February 20, 2017

DAILY CHART

The index has cleared the upper of a slightly (dashed green) rising channel. The broken channel assigned upside targets near 515 then 524 levels (done). Currently a downside correction move is being witnessed before continuing the way up. Volume and price momentum indicators are sowing neutral structure. All traders are advised to hold. Otherwise a short-term stop loss below 480 should be respected.

BOTTOM LINE: (Last Price: 495 pt.) All traders are advised to Hold.

SIGNIFICANT LEVELS: First

Second

Third

Support

484

470

458

Resistance

524

538

550

Stop Loss

480

469

-

Target

-

-

-

2

J

I

T

S

D

B

T

B

Monday, February 20, 2017

T

Security Name

Reuters Code

Buying Level

Taking Profits Level

Stop Loss Level

Gain %

Risk %

Commercial International Bank

COMI.CA

75.40

76.80

75.0

1.86%

0.53%

Egyptian Financial Group Hermes Holding

HRHO.CA

22.30

23.40

22.0

4.93%

1.35%

Pioneers Holding for Financial Investment

PIOH.CA

8.90

9.20

8.80

3.37%

1.12%

Telecom Egypt

ETEL.CA

12.0

12.35

11.85

2.92%

1.25%

Elsaeed Contracting and Real Estate Investment

UEGC.CA

0.76

0.79

0.75

3.95%

1.32%

Citadel Capital

CCAP.CA

1.07

1.11

1.05

3.74%

1.87%

Egyptian Resorts Co

EGTS.CA

1.09

1.13

1.07

3.67%

1.83%

Arabia Investments and Development

AIND.CA

0.99

1.02

0.98

3.03%

1.01%

Orascom Telecom Media and Technology Holding

OTMT.CA

0.68

0.71

0.67

4.41%

1.47%

Arab Cotton Ginning

ACGC.CA

4.96

5.18

4.90

4.44%

1.21%

Emaar Misr for Development

EMFD.CA

2.67

2.78

2.63

4.12%

1.50%

Palm Hills Development Co

PHDC.CA

2.80

2.92

2.76

4.29%

1.43%

United Arab Stevedoring

UASG.CA

0.76

0.79

0.5

3.95%

34.21%

Global Telecom Holding

GTHE.CA

7.50

7.78

7.40

3.73%

1.33%

Reward / Risk Ratio

3.5 3.7 3.0 2.3 3.0 2.0 2.0 3.0 3.0 3.7 2.7 3.0 0.1 2.8

* 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

J

I

T

T

S

(C

D

B

T

.) Reuters Code

Buying Level

Taking Profits Level

Stop Loss Level

Gain %

Risk %

Amer Group Holding

AMER.CA

0.28

0.30

0.27

7.14%

3.57%

Porto Group

PORT.CA

0.25

0.27

0.24

8.00%

4.00%

Madinet Nasr Housing and Development

MNHD.CA

18.65

19.20

18.45

2.95%

1.07%

Heliopolis for Housing and Development

HELI.CA

26.50

27.50

26.20

3.77%

1.13%

Sixth of October for Development

OCDI.CA

12.25

12.70

12.10

3.67%

1.22%

Talaat Moustafa Group Holding

TMGH.CA

7.93

8.20

7.83

3.40%

1.26%

Ezz Steel

ESRS.CA

16.55

17.20

16.40

3.93%

0.91%

Extracted Oils

ZEOT.CA

0.83

0.86

0.82

3.61%

1.20%

South Valley Cement Co

SVCE.CA

4.74

4.88

4.69

2.95%

1.05%

Prime Holding

PRMH.CA

3.18

3.30

3.14

3.77%

1.26%

Oriental Weavers Carpet

ORWE.CA

17.25

17.85

17.05

3.48%

1.16%

El Nasr Clothing and Textiles

KABO.CA

1.0

1.04

0.98

4.00%

2.00%

Sharm Dreams for Touristic Investment

SDTI.CA

3.69

3.80

3.64

2.98%

1.36%

Electro Cable Co

ELEC.CA

0.76

0.79

0.75

3.95%

1.32%

Security Name

B

Monday, February 20, 2017

Reward / Risk Ratio

2.0 2.0 2.8 3.3 3.0 2.7 4.3 3.0 2.8 3.0 3.0 2.0 2.2 3.0

* 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

J

F

-

S

D

B

T

B

Monday, February 20, 2017

T

Reuters Code

First Support

Second Support

Close Price

First Resistance

Second Resistance

Stop Loss

Commercial International Bank

COMI.CA

75.50

74.0

76.09

78.0

82.30

Talaat Moustafa Group Holding

TMGH.CA

7.75

7.30

8.03

8.25

Egyptian Financial Group Hermes Holding

HRHO.CA

23.40

21.90

22.77

Madinet Nasr Housing and Development

MNHD.CA

18.0

17.50

Heliopolis for Housing and Development

HELI.CA

27.25

Sixth of October for Development

OCDI.CA

Ezz Steel

Stock Name

MOMENTUM (Price & Volume)

Recommendation

Short-term (Days)

Medium-term (Weeks)

STT (Days)

MTT (Weeks)

75.50

Bearish

Neutral

Sell Rallies

Hold

8.90

7.30

Bearish

Neutral

Sell Rallies

Hold

28.85

32.70

21.90

Bearish

Neutral

Sell Rallies

Hold

18.81

19.80

20.65

18.0

Bearish

Neutral

Sell Rallies

Hold

25.40

27.04

29.75

32.0

25.40

Bearish

Neutral

Sell Rallies

Hold

12.25

11.85

12.44

16.65

17.60

11.85

Bearish

Neutral

Sell Rallies

Hold

ESRS.CA

16.0

14.50

16.92

17.80

19.85

15.90

Bearish

Neutral

Sell Rallies

Hold

Elsewedy Electric Co

SWDY.CA

84.0

77.50

80.01

90.0

94.0

77.50

Bearish

Neutral

Sell Rallies

Hold

Palm Hills Development

PHDC.CA

2.80

2.70

2.84

3.50

3.75

2.70

Bearish

Neutral

Sell Rallies

Hold

Orascom Construction

ORAS.CA

90.25

83.50

89.95

97.0

105.0

90.0

Bearish

Neutral

Sell Rallies

Hold

Telecom Egypt

ETEL.CA

11.60

10.60

12.2

13.80

15.0

10.60

Bearish

Neutral

Sell Rallies

Hold

Pioneers Holding for Financial Investment

PIOH.CA

9.0

8.0

9.1

10.40

11.50

9.0

Bearish

Neutral

Sell Rallies

Hold

Egyptian Kuwaiti Holding

EKHO.CA

0.64

0.59

0.64

0.70

0.74

0.59

Bearish

Neutral

Hold

Hold

5

J

F

-

S

D

B

T

B

Monday, February 20, 2017

T

Reuters Code

First Support

Second Support

Close Price

First Resistance

Second Resistance

Stop Loss

Edita Food Industries

EFID.CA

16.50

15.20

17.1

17.85

20.0

Ghabbour Auto

AUTO.CA

2.90

2.70

3.16

3.45

Emaar Misr for Development

EMFD.CA

2.50

2.40

2.71

Citadel Capital

CCAP.CA

1.04

0.99

Orascom Telecom Media And Technology Holding

OTMT.CA

0.69

Arabian Food Industries

DOMT.CA

Arab Cotton Ginning

Stock Name

MOMENTUM (Price & Volume)

Recommendation

Short-term (Days)

Medium-term (Weeks)

STT (Days)

MTT (Weeks)

15.0

Neutral

Neutral

Hold

Hold

3.60

2.85

Neutral

Neutral

Hold

Hold

3.0

3.15

2.39

Bearish

Neutral

Sell Rallies

Hold

1.08

1.12

1.20

1.02

Neutral

Neutral

Hold

Hold

0.65

0.69

0.71

0.77

0.69

Bearish

Neutral

Sell Rallies

Hold

8.40

7.40

8.93

9.50

10.85

8.0

Neutral

Neutral

Hold

Hold

ACGC.CA

4.45

4.30

5.06

5.05

5.30

4.40

Neutral

Neutral

Hold

Hold

Amer Group Holding

AMER.CA

0.31

0.29

0.29

0.33

0.36

0.28

Neutral

Neutral

Hold

Hold

Porto Group

PORT.CA

0.27

0.25

0.26

0.30

0.35

0.28

Neutral

Neutral

Hold

Hold

Arabia Investments

AIND.CA

0.97

0.90

1.01

1.10

0.98

0.94

Neutral

Neutral

Sell Rallies

Hold

Elsaeed Contracting & Real Estate Investment

UEGC.CA

0.79

0.72

0.77

0.85

0.94

0.77

Bearish

Neutral

Sell Rallies

Hold

Cairo Oils and Soap

COSG.CA

22.25

20.65

21.66

26.0

28.50

22.0

Neutral

Neutral

Hold

Hold

Egyptian Iron and Steel

IRON.CA

4.30

4.0

4.29

4.75

5.10

4.20

Neutral

Neutral

Sell Rallies

Hold

6

J

F

-

S

D

B

T

B

Monday, February 20, 2017

T

Reuters Code

First Support

Second Support

Close Price

First Resistance

Second Resistance

Stop Loss

Egyptians for Investment and Urban Development

EIUD.CA

1.59

1.45

1.6

1.88

2.0

Sharm Dreams for Touristic Investment

SDTI.CA

3.60

3.40

3.76

3.80

United Arab Stevedoring

UASG.CA

0.72

0.68

0.76

Egyptian International Pharmaceutical Industries

PHAR.CA

98.0

92.0

Extracted Oils

ZEOT.CA

0.80

Alexandria Mineral Oils Co

AMOC.CA

Oriental Weavers Carpet

Stock Name

MOMENTUM (Price & Volume)

Recommendation

Short-term (Days)

Medium-term (Weeks)

STT (Days)

MTT (Weeks)

1.58

Bearish

Neutral

Sell Rallies

Hold

4.10

3.70

Neutral

Neutral

Hold

Hold

0.82

0.96

0.72

Neutral

Neutral

Sell Rallies

Hold

101.85

105.0

115.0

89.0

Neutral

Neutral

Hold

Hold

0.74

0.84

0.92

0.97

0.79

Neutral

Neutral

Hold

Hold

90.75

80.40

94.08

103.0

120.0

88.0

Neutral

Neutral

Hold

Hold

ORWE.CA

15.0

13.75

17.34

17.30

18.35

13.0

Neutral

Bullish

Hold

Hold

Cleopatra Hospital Co

CLHO.CA

16.0

14.60

14.83

18.20

20.30

14.0

Neutral

Bullish

Hold

Hold

Giza General Contracting and Real Estate Investment

GGCC.CA

1.91

1.82

1.67

2.05

2.16

1.88

Neutral

Neutral

Hold

Hold

Sidi Kerir Petrochemicals

SKPC.CA

16.35

15.60

18.42

17.25

18.25

15.50

Neutral

Bullish

Hold

Hold

Egyptian Chemical Industries

EGCH.CA

4.25

3.95

6.24

5.15

6.0

3.90

Neutral

Bullish

Hold

Hold

Prime Holding

PRMH.CA

3.0

2.65

3.23

3.15

3.40

2.60

Neutral

Bullish

Hold

Hold

South Valley Cement Co

SVCE.CA

4.95

4.55

4.8

5.75

6.0

4.90

Neutral

Bullish

Sell Rallies

Hold

7

J

F

-

S

D

B

T

B

Monday, February 20, 2017

T

Reuters Code

First Support

Second Support

Close Price

First Resistance

Second Resistance

Stop Loss

Ajwa Group for Food Industries

AJWA.CA

1.85

1.70

1.92

2.25

2.50

Credit Agricole Egypt

CIEB.CA

37.0

34.20

37

42.45

Electro Cable Co

ELEC.CA

0.78

0.71

0.77

Arab Real Estate Investment

RREI.CA

0.67

0.61

Cairo Development and Investment

CIRF.CA

3.60

Atlas for Land Reclamation and Agricultural Processing

ALRA.CA

Juhayna Food Industries

Stock Name

MOMENTUM (Price & Volume)

Recommendation

Short-term (Days)

Medium-term (Weeks)

STT (Days)

MTT (Weeks)

-

Bearish

Bearish

Sell Rallies

Sell Rallies

45.0

32.0

Neutral

Bullish

Hold

Hold

0.82

092

0.80

Neutral

Neutral

Sell Rallies

Hold

0.68

0.80

0.88

0.65

Neutral

Neutral

Hold

Hold

3.30

3.17

3.95

4.30

3.50

Neutral

Neutral

Sell Rallies

Hold

7.85

6.85

7.58

8.40

9.20

6.80

Neutral

Neutral

Hold

Hold

JUFO.CA

7.65

7.0

7.62

8.50

9.10

6.90

Neutral

Bullish

Buy Dips

Hold

Egyptian Resorts Co

EGTS.CA

1.01

0.93

1.11

1.08

1.15

0.90

Neutral

Bullish

Hold

Hold

Arabian Cement

ARCC.CA

8.35

7.80

9.27

9.0

9.75

8.20

Neutral

Neutral

Hold

Hold

Global Telecom Holding

GTHE.CA

6.80

5.90

7.67

8.05

9.25

5.70

Neutral

Bullish

Hold

Hold

Eastern Tobacco

EAST.CA

183.0

150.0

206.92

220.0

244.0

180.0

Neutral

Bullish

Hold

Hold

8

J

J

S

S

D

B

B

C .

J

15 Shooting Club St., 7th Floor, Mohandessin, Giza, Egypt Tel: (+202) 3760 9983 - 37609941 Fax: (+202) 3760 9883 www.jaziracapital.com

S

O

T

B

Monday, February 20, 2017

T

You can trade online through Jazira Securities online trading portal ... Please contact our Marketing Manager for further information.

JSB Contacts

Title

Phone No.

Email

Hussein El Sawalhy, CFA

Managing Director

(+202) 3760 9915

[email protected]

Ahmed Helmy

Head of Sales & Trading

(+202) 37609941

[email protected]

Mohamed Mamdooh, CETA, CFTe

Senior Technical Analyst

(+202) 37609873

[email protected]

Ahmed Abbady

Research Department

(+202) 37609883

[email protected]

George Mansour

Customer Service Manager

+20122 921 4069

[email protected]

Amr Abdo

Marketing Manager

+20109 166 1366

[email protected]

Disclaimer

    

Jazira Securities Brokerage (JSB) is a licensed Egyptian Stock Market Broker, regulated by the Egyptian Financial Service Authority.



The information and opinions contained in JSB research reports or documents have been compiled or arrived at from sources believed reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness.



JSB, Jazira Capital or any of its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent.

 

JSB research reports and all the information opinions and conclusions contained in them are protected by copyright.

Opinions, estimates and projections contained in the research reports or documents are of the author as of the date published and are subject to change without notice. JSB research reports or documents are not, and are not to be construed as, an offer to sell or solicitation of an offer to buy any securities. Unless otherwise noted, all JSB research reports and documents provide information of a general nature and do not address the circumstances of any particular investor. Neither JSB nor its mother company (Jazira Capital), or any of its affiliates accept liability whatsoever for any investment loss arising from any use of the research reports or their contents.

The research reports or documents may not be reproduced or distributed in whole or in part without express consent of JSB Research.

9