charts book egx30 index rebalance - august 01, 2012
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CHARTS BOOK - EGX30 Index Rebalance - August 01, 2012TRANSCRIPT
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK
CHARTS BOOK
By: Ramy Rashad, CMT
EGX30 Index Rebalance
6 IN & 6 OUT
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
INDEX :
Name of Securities (IN) Code Page
Oriental Weavers Carpet Co. ORWE.CA 4
Egyptian Financial & Industrial EFIC.CA 5
Modern Waterproofing Co. WATP.CA 6
El Kahera For Housing & Dev. ELKA.CA 7
Sixth Of October Dev. & Inv. OCDI.CA 8
Raya Holding Co. RAYA.CA 9
2 CHARTS BOOK
Name of Securities (OUT) Code Page
El Saeed Contracting UEGC.CA 10
Universal Co. For Packaging Materials UNIP.CA 11
The General Co. For Ceramic & Porcelain PRCL.CA 12
Electro Cable Egypt Co. ELEC.CA 13
GMC Group For Industrial Commercial GMCI.CA 14
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
3
BOTTOM LINE: (Last Price: 4,862Pt. )
TREND : short and medium term trends are pointing up
(Bullish breakout, with above average activity, over both a falling chan-
nel and a symmetrical triangle consolidation pattern, 50-day EMA
is doing a great job as a moving support line, the index is over the
Ichimoku Cloud (not shown) and Double Top P&F signal is about
to materialize. MOMENTUM : Very favorable readings (RSI is breaking out from its own triangle, MACD is over zero and
OBV is about to signal a major trend alteration
EGX30 RIC: .EGX30
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECH-
NIQUE: Short-Term traders
(Days) & Medium-term
Traders (Weeks) are advised to Hold/Buy a
breakout over 4,900
First Second
Support 4,800 4,700 / 4,750
Resistance 4,900 5,000
Stop loss 4,685 4,560
Target 5,150 / 5,450 5,800
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
4
BOTTOM LINE: (Last Price: EGP19.43 )
TREND: Medium-term trend is Up again ( a decisive
breakout over a H&S classic bottom pattern with such a thrust in
trading volume signals a sure-fire Buy signal - P&F Double Top
Buy signal has been materialized (not shown))
MOMENTUM: Similar breakout in RSI and OBV (Momentum indicators agree on the new up-thrust move)
ORIENTAL WEAVERS CARPET CO. RIC: ORWE.CA
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECHNIQUE: Short-Term traders (Days)
& Medium-term Traders
(Weeks) are advised to BUY /
BUY on a dip to the breakout
level.
A sure-fire 10% up-side poten-
tial
You will run the “Liquidity
Risk”
First Second
Support 18.90 18.5
Resistance 22.0 -
Stop loss 18.40 -
Target 22.0 -
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
5
BOTTOM LINE: (Last Price: EGP10.45 )
TREND: Confluence of resistances at current levels; (The security faces currently a multiple degree of moving resistance
lines and the 200-day EMA, price is over the Ichimoku Cloud (not
shown) which is bullish and the question you must ask now is;
Make or Break? MOMENTUM: OBV says it will break
the 10.85 and MACD says may be (The Volume indicator,
OBV, has cleared its prior swing high and as this indicator always
precedes prices, we can say that the security may penetrate the 11.0
level soon, MACD has bounced off the zero line which is bullish.
EGYPTIAN FINANCIAL & INDUSTRIAL RIC: EFIC.CA
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECHNIQUE: Short-Term traders (Days)
are advised to Buy. Con-
servative Short-Term trad-
ers & Medium-term Trad-
ers (Weeks) are advised to
Buy a decisive up-breakout
over 10.85
First Second
Support 10.20 10.0
Resistance 10.5 10.85
Stop loss 10.0 -
Target 12.0 13.0
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
6
BOTTOM LINE: (Last Price: EGP2.02 )
TREND: The trend still Bearish but Repeated pattern
is taking place; Watch out for a reversal in a medium-
term trend (The security is below Ichimoku Cloud, which is
bearish, but a possible Double Bottom pattern is taking place, vol-
ume is increasing on the second up-leg and taking out a declining
red trend line, 50-day EMA and a horizontal green trend line (All
around 2.10 / 2.25) is all what we need for a nearly 20% upside po-
tential. MOMENTUM: RSI is over the 50-line again
(but we need more positive signals from MACD and OBV)
MODERN WATERPROOFING CO. RIC: WATP.CA
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECHNIQUE: Short-Term traders (Days)
are advised to Buy only a de-
cisive breakout over 2.08.
Medium-term Traders
(Weeks) are advised to Buy
only a decisive breakout over
2.27
First Second
Support 2.0 1.95
Resistance 2.08 2.18 / 2.27
Stop loss 1.90 1.82
Target 2.27 2.5 / 2.70
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
7
BOTTOM LINE: (Last Price: EGP4.29 )
TREND: Medium-term trend still in a balance state,
while short-term one is under a stress test (The security
faces a juncture zone @ 4.35 / 4.4 and only a decisive up-breakout
over this range, with explosion in trading activity, would alter the
short-term look)
MOMENTUM: MACD faces a resistance (we have
nearly the same message from MACD; the security still weak and,
so far, we have no early signals that a breakout will take place.)
EL KAHERA FOR HOUSING & DEV. RIC: ELKA.CA
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECHNIQUE: Short-Term traders (Days)
& Medium-term Traders
(Weeks) are advised to Hold,
Buy a breakout over the first
resistance zone (provided,
Volume is high and MACD is
over the zero), and Cut Loss-
es below 4.15
First Second
Support 4.20 / 4.25 4.15
Resistance 4.35 / 4.40 4.5 / 4.7
Stop loss 4.15 -
Target 4.70 5.0
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
8
BOTTOM LINE: (Last Price: EGP16.84 )
TREND: A medium-term and a short-term sideway
moves are easily seen with naked eyes (Just trade a range
and Buy / Sell breakouts.)
MOMENTUM: MACD @ support (RSI over the 50-line
again and has successfully reversed the down trend, but the OBV is
bearish with series of lower highs, however, we have an early sig-
nal that clearing the first resistance level may take place.)
SIXTH OF OCTOBER DEV. & INV. RIC: OCDI.CA
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECHNIQUE: Short-Term traders (Days)
are advised to Buy a breakout
over 16.85, take profits near
18.60 and then Buy a
breakout over later level. Cut
losses below 15.7. Medium-
term Traders (Weeks) are
advised to Buy a breakout
over 18.60. Take profits near
First Second
Support 15.70 13.0
Resistance 16.85 18.60
Stop loss 15.6 12.9
Target 18.5 24.0
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
9
BOTTOM LINE: (Last Price: EGP4.38 )
TREND: The trend is down after a decisive breakout
below the classic H&S topping pattern (The security is
below the Ichimoku Cloud (not shown), which is bearish, no Buy
signal in the P&F H/L chart and as long as the security fail to deci-
sively penetrate the second resistance range, you shouldn't think
about any buying opportunity in the security.) MOMENTUM: RSI short-term positive divergence
signal has been materialized (but we still need to see a
breakout over both the 50-line and a declining trend line.)
RAYA HOLDING CO. RIC: RAYA.CA
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECHNIQUE: Short-Term traders (Days)
are advised to Sell a breakout
below the 4.28 level. In case,
the security successfully pen-
etrated, all traders, especially,
the Long-term traders
(Months) are advised to Buy
a decisive breakout over a
second resistance range.
First Second
Support 4.28 4.03
Resistance 4.40 / 4.48 4.60 / 4.70
Stop loss 4.25 -
Target - -
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
10
BOTTOM LINE: (Last Price: EGP1.14 )
TREND: The medium-term trend is clearly down (and the short-term one is taking the lateral shape after failing to
attain the declining resistance line of the falling channel. As a re-
sult, different trading techniques should be used. A decisive up-
breakout, with heavy volume, over 1.15 may open the gate for an-
other test to the second resistance level.
MOMENTUM: MACD found support @ the zero
line (which is bullish, so far)
EL SAEED CONTRACTING RIC: UEGC.CA
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECHNIQUE: Short-Term traders (Days)
Are advised to trade a range,
Buy a breakout over 1.15
and take profits near the se-
cond resistance zone. Medi-
um-term Traders (Weeks) are advised to Sell rallies
First Second
Support 1.12 1.08
Resistance 1.15 1.20 / 1.25
Stop loss 1.07 -
Target - -
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
11
BOTTOM LINE: (Last Price: EGP7.90 )
TREND: Testing the low with nearly no activity (is a
major bullish signal, keeping in mind the structure of the possible
Bottom formation. When you see a significant pick up in trading
activity with a breakout over 8.4 / 8.5, you need to call your broker
and tell him to Buy in.). Don’t be aggressive here, just wait for a
decisive up-breakout to materialize. Conservative long-term traders
should wait for a decisive up-breakout over 10.0.
MOMENTUM: RSI is over 50 and rising, MACD is
over zero and rising
UNIVERSAL CO FOR PACKAGING MATERIALS RIC: UNIP.CA
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECHNIQUE: Short-Term traders (Days)
Are advised to Buy on a dip
and/or Buy a breakout over
8.40 / 8.50. Medium-term
Traders (Weeks) are advised
to Buy a breakout over 8.4 /
8.5. All traders are advised to
Buy a breakout over 10.0.
First Second
Support 7.5 / 7.60 7.3
Resistance 8.10 8.25
Stop loss 7.5 7.3
Target 10 15
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
12
BOTTOM LINE: (Last Price: EGP4.52 )
TREND: The medium-term trend is up again (Taking
out the early July swing high @ 4.44, with multiple closes over it
and with explosion in trading activity, signals a beginning of a new
up-trend.)
MOMENTUM: New high in MACD & Important
resistance in RSI (indicate that a consolidation near the
breakout range (4.25 / 4.45) may continue for some time before a
serious up-thrust move.)
THE GENERAL CO. FOR CERAMIC & PORCELAIN RIC: PRCL.CA
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECHNIQUE: Short-Term traders (Days)
& Medium-term Traders
(Weeks) are advised to Buy a
pull back move to the
breakout range (4.25/4.45)
and/or Buy a breakout over
4.80. Hide in cash below the
rising green trend line.
First Second
Support 4.45 4.25
Resistance 4.75 / 4.80 5.0
Stop loss 4.20 -
Target 5.0 / 5.30 6.0
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
13
BOTTOM LINE: (Last Price: EGP0.77 )
TREND: Down to sideway as seen via the weekly
chart. Long-term trend is bearish as seen via the
Ichimoku Cloud (price and lagging line is below the
Cloud)
MOMENTUM: Long-term momentum readings is
below the mid-points and accelerating
ELECTRO CABLE EGYPT CO. RIC: ELEC.CA
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECHNIQUE: All traders are advised to
Sell Rallies.
A decisive up-breakout over
the first resistance level
should triggers your Buy stop.
First Second
Support 0.73 / 0.74 -
Resistance 0.83 0.90
Stop loss 0.68 -
Target - -
JAZIRA SECURITIES BROKERAGE
CHARTS BOOK Wednesday, August 01, 2012
14
BOTTOM LINE: (Last Price: EGP2.47 )
TREND: The security tries to bottom out ( a decisive up
-breakout over 2.50/ 2.60 is a must before jumping to bullish con-
clusion. - Long-term Ichimoku Cloud is still very bearish)
MOMENTUM: Bullish up-breakout over symmet-
rical triangle in both the Price Momentum RSI & the
Volume Momentum OBV (This indicates that price may do
the same in the near future.)
GMC GROUP FOR INDUSTRIAL COMMERCIAL RIC: GMCI.CA
SIGNIFICANT LEVELS:
CHARTS BOOK
TRADING TECHNIQUE: Short-Term traders (Days)
are advised to Buy dips
Medium-term Traders
(Weeks) are advised to Buy a
decisive breakout over 2.62
First Second
Support 2.47 / 2.50 2.35
Resistance 2.60 2.85
Stop loss 2.40 -
Target 3.5 -
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CHARTS BOOK Wednesday, August 01, 2012
15 CHARTS BOOK
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