ECAP Trend
Medium Term Short Term Near Term
Daily Chart Current
19-Dec-13 Forecast
k k k
1 1 m
Last session, El Ezz Porcelain (Gemma) closed at 3.71 losing 0.09 points, nearly 2.40%. ECAP is currently same performer as EGX70.
Currently, ECAP is trading just below 3.80 resistance zone. Our analysis implies that such resistance zone is strong enough to stop further advances on the near term horizon. Accordingly, traders are advised to sell, while keeping S/L just below 3.30 level.
Traders are advised to "sell", keep track of the Stop/Loss levels at all times and take all necessary actions to protect profits / reduce loss.
Close:
3.71 3.05 3.90
Ticker Support 1 3.05 Support 2 2.65 Resistance 1 3.90
Head of TA Research 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. Gulf Sales: Tamer Safwat Tel: 02-27929042 Email:tsafwat@[Link] Institutional Sales: Mohamed Mounir Tel: 02-27929043 Email::mmounir@[Link]
Support Level: Resistance Level: Stop / Loss Level:
Trend Med Term Short Term Near Term
Resistance 2 4.40
S/L 3.30
Reward 5.12%
Sales Team
Risk 11.05%
R/R 0.46
3.30
Trading Strategy
ECAP
From 3 to 9 Months. From 3 to 6 Weeks. Up to 3 Weeks.
Buy Sell Buy Dips
Tamer Gamal, CFTe, MSTA, CETA Technical Analyst Abdel Rahman Atwa, CETA
Head of Sales: Yasser Alaa Tel: 02-27929041 Email:yalaa@[Link]
k m 1
Trend is up. Trend is down. Trend is flat.
Sell Rallies Hold
NASR Trend
Medium Term Short Term Near Term
Daily Chart Current
19-Dec-13 Forecast
1 1 1
k k 1
Last session, El Nasr Transformers (El Maco) closed at 8.51 gaining 0.18 points, nearly 2.20%. NASR is currently same performer as EGX70.
Currently, NASR is trading above 7.80 support zone. Our analysis implies that NASR may target 10.25 zone on the short term horizon. Accordingly, traders are advised to Buy, while keeping S/L just below 7.75 level.
Traders are advised to "Buy", keep track of the Stop/Loss levels at all times and take all necessary actions to protect profits / reduce loss.
Close:
8.51 7.80 10.25
Ticker Support 1 7.80 Support 2 6.75 Resistance 1 10.25
Head of TA Research 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. Gulf Sales: Tamer Safwat Tel: 02-27929042 Email:tsafwat@[Link] Institutional Sales: Mohamed Mounir Tel: 02-27929043 Email::mmounir@[Link]
Support Level: Resistance Level: Stop / Loss Level:
Trend Med Term Short Term Near Term
Resistance 2 11.35
S/L 7.75
Reward 20.45%
Sales Team
Risk 8.93%
R/R 2.29
7.75
Trading Strategy
NASR
From 3 to 9 Months. From 3 to 6 Weeks. Up to 3 Weeks.
Buy Sell Buy Dips
Tamer Gamal, CFTe, MSTA, CETA Technical Analyst Abdel Rahman Atwa, CETA
Head of Sales: Yasser Alaa Tel: 02-27929041 Email:yalaa@[Link]
k m 1
Trend is up. Trend is down. Trend is flat.
Sell Rallies Hold
NEDA Trend
Medium Term Short Term Near Term
Daily Chart Current
19-Dec-13 Forecast
k m m
1 k k
Last session, Northern Upper Egypt Development & Agricultural Production closed at 16.23 gaining 0.11 points, nearly 0.70%. NEDA is currently underperforming EGX70. Currently, NEDA is trading above 15.20 support zone. Our analysis implies that NEDA may target (19.00 19.70) zone on the short term horizon. Accordingly, traders are advised to Buy, while keeping S/L just below 15.00 level.
Traders are advised to "Buy", keep track of the Stop/Loss levels at all times and take all necessary actions to protect profits / reduce loss.
Close:
16.23 15.20 20.00
Ticker Support 1 15.20 Support 2 13.90 Resistance 1 20.00
Head of TA Research 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. Gulf Sales: Tamer Safwat Tel: 02-27929042 Email:tsafwat@[Link] Institutional Sales: Mohamed Mounir Tel: 02-27929043 Email::mmounir@[Link]
Support Level: Resistance Level: Stop / Loss Level:
Trend Med Term Short Term Near Term
Resistance 2 22.90
S/L 15.00
Reward 23.23%
Sales Team
Risk 7.58%
R/R 3.07
15.00
Trading Strategy
NEDA
From 3 to 9 Months. From 3 to 6 Weeks. Up to 3 Weeks.
Buy Sell Buy Dips
Tamer Gamal, CFTe, MSTA, CETA Technical Analyst Abdel Rahman Atwa, CETA
Head of Sales: Yasser Alaa Tel: 02-27929041 Email:yalaa@[Link]
k m 1
Trend is up. Trend is down. Trend is flat.
Sell Rallies Hold