JAZIRA SECURITIES BROKERAGE. DAILY TECHNICAL BULLETIN. Thursday, May 05, 2016. 1. Security Name. Reuters Code Last Price
DAILY TECHNICAL BULLETIN
JAZIRA SECURITIES BROKERAGE
Thursday, May 05, 2016
FOLLOW-UP LIST Reuters Code
Last Price
First Support
EGX30
EGX30
7,442
7,275
7,000/6,900
7,700
7,900
EGX70
EGX70
366
364
359
385
Commercial International Bank
COMI.CA
43.50
43.50
41.0
Talaat Moustafa Group Holding
TMGH.CA
6.25
6.0
Egyptian Financial Group Hermes Holding
HRHO.CA
9.87
Madinet Nasr Housing and Development
MNHD.CA
Heliopolis for Housing and Development
Security Name
Second Support
First Resistance
Second Stop Loss Resistance
MOMENTUM (Price & Volume)
TREND
Recommendation
Short-term (Days)
Medium-term (Weeks)
Short (Days)
Medium (Weeks)
Long (Months)
STT (Days)
MTT (Weeks)
7,250
Bearish
Neutral
↓
↔
↑
Sell Rallies
Hold
400/405
359
Neutral
Neutral
↔
↑
↔
Hold
Hold
46.20
49.25
42.50
Neutral
Bullish
↔
↑
↔
Hold
Hold
5.70
6.65
7.05
6.0
Bearish
Neutral
↔
↑
↔
Sell Rallies
Hold
9.75/9.50
8.50/8.25
10.65
11.0
9.50
Neutral
Neutral
↔
↑
↔
Hold
Hold
19.80
19.0
18.0
24.0
26.50
18.0
Bearish
Neutral
↔
↑
↑
Sell Rallies
Hold
HELI.CA
49.40
46.50
44.0
50.50
54.25
-
Bearish
Neutral
↓
↔
↑
Sell Rallies
Sell Rallies
Sixth of October for Development
OCDI.CA
10.30
10.25/10.0
9.30
10.85
11.80/12.0
10.20
Bearish
Neutral
↔
↑
↔
Sell Rallies
Hold
Ezz Steel
ESRS.CA
8.14
7.75/7.50
7.20
8.45
8.90
-
Bearish
Neutral
↓
↔
↔
Sell Rallies
Sell Rallies
South Valley Cement
SVCE.CA
4.45
4.45
4.15
5.10
5.60
4.35
Neutral
Neutral
↔
↑
↑
Hold
Hold
Prime Holding
PRMH.CA
2.76
2.75
2.45
2.90
3.17
2.70
Bearish
Neutral
↓
↔
↑
Sell Rallies
Hold
Giza General Contracting and Real Estate Investment Co
GGCC.CA
2.80
2.60/2.55
2.20
2.90
3.05
2.70
Bearish
Neutral
↔
↑
↔
Sell Rallies
Hold
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DAILY TECHNICAL BULLETIN
JAZIRA SECURITIES BROKERAGE
Thursday, May 05, 2016
INTRADAY TRADING LIST Security Name
Reuters Code
Last Price
Buying Level
Selling Level
Stop Loss Level
Amer Group Holding
AMER
0.38
0.37
0.40
0.36
Arab Cotton Ginning
ACGC
2.96
2.88
3.06
2.84
Arabia Investments and Development
AIND
1.02
0.99
1.04
0.98
Citadel Capital
CCAP
1.41
1.38
1.46
1.36
Egyptian Resorts Co
EGTS
0.89
0.87
0.91
0.86
Elsaeed Contracting and Real Estate Investment
UEGC
0.94
0.92
0.97
0.91
Emaar Misr for Development
EMFD
2.51
2.47
2.59
2.43
Orascom Telecom Media and Technology Holding
OTMT
0.72
0.70
0.74
0.69
Palm Hills Development Co
PHDC
2.55
2.46
2.60
2.42
United Arab Stevedoring
UASG
0.94
0.92
0.96
0.91
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DAILY TECHNICAL BULLETIN
JAZIRA SECURITIES BROKERAGE
Thursday, May 05, 2016
RIC: .EGX30
EGX 30
DAILY CHART
The index has cleared its 89 EMA which coincides with the upper band of a long-term (brown) falling channel which assigns upside targets near 6,950 - 7,500/7,650 then 8,200 levels. Volume and price momentum indicators are showing bearish signs. Short-term traders are advised to sell rallies while medium-term traders are advised to hold . Otherwise respect a medium-term stop loss below 7,250 level.
BOTTOM LINE: (Last Price: 7,442 pt.) Short-term traders are advised to Sell Rallies while medium-term traders are advised to Hold.
SIGNIFICANT LEVELS: First
Second
Third
Support
7,275
7,000/6,900
6,700
Resistance
7,700
7,900
8,200
Stop Loss
7,250
-
-
-
-
-
Target
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DAILY TECHNICAL BULLETIN
JAZIRA SECURITIES BROKERAGE
Thursday, May 05, 2016
RIC: .EGX70
EGX 70
DAILY CHART
The index has cleared a long-term (brown) declining channel which assigns upside target near 439 level. Currently, it started to clear the upper band of another lower slope (green) declining channel which coincides with the 89 SMA assigns upside targets near 385 then 405/415 levels. Volume and price momentum indicators turned to natural structure. All traders are advised to hold. Otherwise a shortterm stop loss below 359 level should be respected.
BOTTOM LINE: (Last Price: 366 pt.) All traders are advised to Hold.
SIGNIFICANT LEVELS First
Second
Third
Support
364
359
351
Resistance
385
400/405
420/425
Stop Loss
359
348
-
Target
385
405/415
-
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DAILY TECHNICAL BULLETIN
JAZIRA SECURITIES BROKERAGE
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Thursday, May 05, 2016
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Title
Phone No.
Email
Hussein El Sawalhy, CFA
Managing Director
(+202) 3760 9915
[email protected]
Ahmed Helmy
Head of Sales & Trading
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Momen El-Shayal, CFTe
Chief Technical Analyst
(+202) 3760 98 73
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+20122 921 4069
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