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EGX 30
RIC: .EGX30
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Tuesday, December 13, 2016
DAILY CHART
After fulfilling the upside targets of a continuation (green) ascending triangle pattern, the index continued its rising move near 11,600 level. Currently the index has a probability to retrace near 23.6% (10,850 level) of the prior advance before continuing the way up. Volume and price momentum indicators are showing short-term negative signals. Short-term traders are advised to hold and medium-term are advised to buy dips. Otherwise a stop loss below 11,000 level should be respected.
BOTTOM LINE: (Last Price: 11,444 pt.) Short-term traders are advised to Hold and medium-term to Buy Dips.
SIGNIFICANT LEVELS: First
Second
Third
Support
11,1000
10,800
10,600
Resistance
11,600
11,850
12,000
Stop Loss
11,000
10,700
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Target
-
-
-
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EGX 70
RIC: .EGX70
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Tuesday, December 13, 2016
DAILY CHART
The index has cleared the upper band of a medium-term (green) descending triangle pattern. The completed pattern assigned upside targets near 370, 384, then 406 levels (done). the index has cleared a long-term (brown) declining trend line and currently a retreating movement to the broken band is being materializing before continuing the way up. Volume and price momentum indicators are showing bullish signals. Short-term traders are advised to hold and medium-term are advised to buy dips. Otherwise a short-term stop loss below 440 should be respected.
BOTTOM LINE: (Last Price: 449 pt.) Short-term traders are advised to Hold and medium-term to Buy Dips.
SIGNIFICANT LEVELS: First
Second
Third
Support
445
435
420
Resistance
487
500
515
Stop Loss
440
430
-
Target
466
490
-
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Tuesday, December 13, 2016
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Security Name
Reuters Code
Buying Level
Taking Profits Level
Stop Loss Level
Gain %
Risk %
Commercial International Bank
COMI.CA
67.75
69.30
67.40
2.29%
0.52%
Egyptian Financial Group Hermes Holding
HRHO.CA
19.50
20.75
19.25
6.41%
1.28%
Pioneers Holding for Financial Investment
PIOH.CA
10.95
11.60
10.70
5.94%
2.28%
Telecom Egypt
ETEL.CA
10.95
11.60
10.75
5.94%
1.83%
Elsaeed Contracting and Real Estate Investment
UEGC.CA
1.02
1.08
1.0
5.88%
1.96%
Citadel Capital
CCAP.CA
0.94
0.99
0.92
5.32%
2.13%
Egyptian Resorts Co
EGTS.CA
0.97
1.02
0.95
5.15%
2.06%
Arabia Investments and Development
AIND.CA
0.98
1.03
0.96
5.10%
2.04%
Orascom Telecom Media and Technology Holding
OTMT.CA
0.76
0.80
0.74
5.26%
2.63%
Arab Cotton Ginning
ACGC.CA
3.85
4.02
3.78
4.42%
1.82%
Emaar Misr for Development
EMFD.CA
2.95
3.08
2.90
4.41%
1.69%
Palm Hills Development Co
PHDC.CA
3.09
3.24
3.02
4.85%
2.27%
United Arab Stevedoring
UASG.CA
0.86
0.90
0.85
4.65%
1.16%
Global Telecom Holding
GTHE.CA
5.88
6.10
5.79
3.74%
1.53%
Reward / Risk Ratio
4.4 5.0 2.6 3.3 3.0 2.5 2.5 2.5 2.0 2.4 2.6 2.1 4.0 2.4
* 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
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Buying Level
Taking Profits Level
Stop Loss Level
Gain %
Risk %
Amer Group Holding
AMER.CA
0.31
0.33
0.30
6.45%
3.23%
Porto Group
PORT.CA
0.29
0.31
0.28
6.90%
3.45%
Madinet Nasr Housing and Development
MNHD.CA
19.30
20.65
19.05
6.99%
1.30%
Heliopolis for Housing and Development
HELI.CA
24.60
25.75
24.30
4.67%
1.22%
Sixth of October for Development
OCDI.CA
14.90
15.55
14.70
4.36%
1.34%
Talaat Moustafa Group Holding
TMGH.CA
8.55
9.0
8.40
5.26%
1.75%
Ezz Steel
ESRS.CA
12.20
12.90
12.0
5.74%
1.64%
Extracted Oils
ZEOT.CA
0.83
0.87
0.82
4.82%
1.20%
South Valley Cement Co
SVCE.CA
5.08
5.30
4.98
4.33%
1.97%
Prime Holding
PRMH.CA
2.79
2.98
2.70
6.81%
3.23%
Oriental Weavers Carpet
ORWE.CA
14.25
15.05
14.05
5.61%
1.40%
El Nasr Clothing and Textiles
KABO.CA
1.06
1.11
1.04
4.72%
1.89%
Sharm Dreams for Touristic Investment
SDTI.CA
3.75
3.95
3.67
5.33%
2.13%
Electro Cable Co
ELEC.CA
0.84
0.88
0.83
4.76%
1.19%
Security Name
B
Tuesday, December 13, 2016
Reward / Risk Ratio
2.0 2.0 5.4 3.8 3.2 3.0 3.5 4.0 2.2 2.1 4.0 2.5 2.5 4.0
* 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
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Tuesday, December 13, 2016
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Reuters Code
First Support
Second Support
Close Price
First Resistance
Second Resistance
Stop Loss
Commercial International Bank
COMI.CA
65.75
63.50
68.29
70.0
74.0
Talaat Moustafa Group Holding
TMGH.CA
8.10
7.60
8.74
9.20
Egyptian Financial Group Hermes Holding
HRHO.CA
19.0
17.40
19.86
Madinet Nasr Housing and Development
MNHD.CA
17.90
16.15
Heliopolis for Housing and Development
HELI.CA
19.75
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)
65.10
Neutral
Neutral
Hold
Buy Dips
9.85
8.0
Neutral
Bullish
Hold
Buy Dips
21.65
23.25
18.90
Neutral
Neutral
Hold
Buy Dips
19.59
19.95
21.50
17.65
Neutral
Bullish
Hold
Buy Dips
18.0
24.91
22.30
24.0
19.0
Neutral
Bullish
Hold
Buy Dips
14.85
14.0
15.17
16.65
17.60
15.0
Neutral
Neutral
Hold
Buy Dips
ESRS.CA
11.50
10.20
12.33
12.30
13.50
11.0
Neutral
Bullish
Hold
Buy Dips
Elsewedy Electric Co
SWDY.CA
71.25
68.85
75.38
80.20
80.20
69.0
Neutral
Bullish
Hold
Buy Dips
Palm Hills Development
PHDC.CA
3.05
2.80
3.13
3.35
3.50
2.95
Neutral
Neutral
Hold
Buy Dips
Orascom Construction
ORAS.CA
100.0
96.0
103.96
105.0
111.50
95.0
Neutral
Bullish
Hold
Buy Dips
Telecom Egypt
ETEL.CA
9.10
8.70
11.12
10.05
10.35
9.0
Neutral
Bullish
Hold
Buy Dips
Pioneers Holding for Financial Investment
PIOH.CA
10.95
10.20
11.19
12.70
14.30
10.90
Neutral
Neutral
Hold
Buy Dips
Egyptian Kuwaiti Holding
EKHO.CA
0.57
0.52
0.58
0.62
0.66
0.55
Neutral
Neutral
Hold
Hold
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Tuesday, December 13, 2016
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Reuters Code
First Support
Second Support
Close Price
First Resistance
Second Resistance
Stop Loss
Edita Food Industries
EFID.CA
13.55
12.20
15.44
15.0
16.0
Ghabbour Auto
AUTO.CA
2.68
2.45
3.03
2.85
Emaar Misr for Development
EMFD.CA
3.05
2.85
2.99
Citadel Capital
CCAP.CA
0.94
0.82
Orascom Telecom Media And Technology Holding
OTMT.CA
0.75
Arabian Food Industries
DOMT.CA
Arab Cotton Ginning
Stock Name
MOMENTUM (Price & Volume)
Recommendation
Short-term (Days)
Medium-term (Weeks)
STT (Days)
MTT (Weeks)
12.75
Bullish
Bullish
Hold
Buy Dips
3.25
2.40
Neutral
Bullish
Hold
Buy Dips
3.25
3.40
2.98
Neutral
Neutral
Hold
Buy Dips
0.95
0.99
1.08
0.92
Neutral
Neutral
Hold
Hold
0.69
0.78
0.82
0.86
0.69
Bearish
Neutral
Sell Rallies
Hold
7.40
6.90
7.61
8.10
8.75
7.20
Bullish
Bullish
Hold
Buy Dips
ACGC.CA
3.30
3.10
3.92
3.95
4.15
3.20
Neutral
Bullish
Hold
Buy Dips
Amer Group Holding
AMER.CA
0.33
0.29
0.32
0.36
0.40
0.28
Neutral
Bullish
Hold
Buy Dips
Porto Group
PORT.CA
0.29
0.25
0.3
0.35
0.38
0.28
Neutral
Bullish
Hold
Buy Dips
Arabia Investments
AIND.CA
0.97
0.90
1
1.10
0.98
0.94
Neutral
Bullish
Hold
Buy Dips
Elsaeed Contracting & Real Estate Investment
UEGC.CA
1.07
0.97
1.04
1.20
1.31
1.02
Neutral
Bullish
Hold
Buy Dips
Cairo Oils and Soap
COSG.CA
22.25
20.65
26.48
26.0
28.50
22.0
Bullish
Bullish
Hold
Hold
Egyptian Iron and Steel
IRON.CA
6.45
5.95
6.72
7.0
7.45
5.90
Neutral
Bullish
Hold
Buy Dips
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Tuesday, December 13, 2016
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Reuters Code
First Support
Second Support
Close Price
First Resistance
Second Resistance
Stop Loss
Egyptians for Investment and Urban Development
EIUD.CA
1.70
1.59
1.78
1.88
2.0
Sharm Dreams for Touristic Investment
SDTI.CA
3.80
3.60
3.82
4.10
United Arab Stevedoring
UASG.CA
0.86
0.72
0.87
Egyptian International Pharmaceutical Industries
PHAR.CA
85.0
79.0
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)
1.80
Neutral
Neutral
Hold
Hold
4.30
3.70
Neutral
Bullish
Hold
Hold
0.96
1.04
0.84
Neutral
Bullish
Hold
Hold
84.17
90.25
93.75
84.50
Neutral
Bullish
Hold
Hold
0.74
0.85
0.92
0.97
0.79
Neutral
Neutral
Hold
Hold
48.0
44.80
62.14
58.20
61.40
47.0
Bullish
Bullish
Buy Dips
Buy Dips
ORWE.CA
13.18
11.45
14.44
14.80
15.40
13.0
Neutral
Bullish
Hold
Buy Dips
Cleopatra Hospital Co
CLHO.CA
12.45
11.55
12.9
12.75
13.30
11.95
Bullish
Bullish
Buy Dips
Buy Dips
Giza General Contracting and Real Estate Investment
GGCC.CA
1.91
1.82
1.9
2.05
2.16
1.88
Neutral
Bullish
Hold
Hold
Sidi Kerir Petrochemicals
SKPC.CA
16.35
15.60
16.88
17.25
18.25
15.50
Neutral
Bullish
Hold
Buy Dips
Egyptian Chemical Industries
EGCH.CA
4.25
3.95
5.11
5.15
6.0
3.90
Bullish
Bullish
Buy Dips
Buy Dips
Prime Holding
PRMH.CA
3.0
2.65
2.84
3.15
3.40
2.60
Neutral
Bullish
Hold
Buy Dips
South Valley Cement Co
SVCE.CA
4.95
4.55
5.17
5.75
6.0
4.90
Neutral
Bullish
Hold
Buy Dips
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Tuesday, December 13, 2016
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Reuters Code
First Support
Second Support
Close Price
First Resistance
Second Resistance
Stop Loss
Ajwa Group for Food Industries
AJWA.CA
1.92
1.69
2.3
2.25
2.50
Credit Agricole Egypt
CIEB.CA
27.20
24.65
34
36.50
Electro Cable Co
ELEC.CA
0.87
0.82
0.86
Arab Real Estate Investment
RREI.CA
0.78
0.74
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)
1.80
Bullish
Neutral
Hold
Hold
-
26.50
Bullish
Bullish
Hold
Buy Dips
0.92
0.97
0.82
Neutral
Bullish
Hold
Buy Dips
0.78
0.84
0.90
0.73
Neutral
Neutral
Hold
Buy Dips
3.30
3.68
3.95
4.30
3.50
Neutral
Neutral
Hold
Hold
7.85
6.85
7.76
8.40
9.20
6.80
Neutral
Neutral
Hold
Buy Dips
JUFO.CA
5.0
4.60
6.69
6.65
7.20
4.90
Bullish
Bullish
Hold
Buy Dips
Egyptian Resorts Co
EGTS.CA
1.01
0.93
0.98
1.08
1.15
0.90
Neutral
Bullish
Hold
Buy Dips
Arabian Cement
ARCC.CA
8.0
7.15
7.92
8.90
10.0
7.0
Neutral
Bullish
Hold
Buy Dips
Global Telecom Holding
GTHE.CA
5.0/4.90
4.75
5.96
6.70
7.0
4.90
Neutral
Bullish
Hold
Hold
Eastern Tobacco
EAST.CA
265.0
243
278.38
291
-
260
Neutral
Bullish
Hold
Buy Dips
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15 Shooting Club St., 7th Floor, Mohandessin, Giza, Egypt Tel: (+202) 3760 9983 - 37609941 Fax: (+202) 3760 9883 www.jaziracapital.com
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Tuesday, December 13, 2016
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JSB Contacts
Title
Phone No.
Email
Hussein El Sawalhy, CFA
Managing Director
(+202) 3760 9915
[email protected]
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Head of Sales & Trading
(+202) 37609941
[email protected]
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Senior Technical Analyst
(+202) 37609873
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Research Department
(+202) 37609883
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Customer Service Manager
+20122 921 4069
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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.
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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.
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