Scribd
Upload
8 views2 pages

ABRD and EGTS Trading Strategies Update

The document provides an analysis of the Egyptian stock ABRD. It states that ABRD closed at 5.70, gaining 0.12 points. The analysis predicts that ABRD may target the 6.30-6.50 zone in the short term. Traders are advised to buy ABRD while keeping the stop-loss below 5.45. The document also provides an analysis of EGTS, stating it closed at 1.23, losing 0.03 points. The analysis predicts EGTS's current rally may continue to target the 1.35-1.40 zone in the short term. Traders are advised to hold EGTS while keeping the stop-loss below 1.18

Uploaded by

api-237717884
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
8 views2 pages

ABRD and EGTS Trading Strategies Update

The document provides an analysis of the Egyptian stock ABRD. It states that ABRD closed at 5.70, gaining 0.12 points. The analysis predicts that ABRD may target the 6.30-6.50 zone in the short term. Traders are advised to buy ABRD while keeping the stop-loss below 5.45. The document also provides an analysis of EGTS, stating it closed at 1.23, losing 0.03 points. The analysis predicts EGTS's current rally may continue to target the 1.35-1.40 zone in the short term. Traders are advised to hold EGTS while keeping the stop-loss below 1.18

Uploaded by

api-237717884
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ABRD Trend

Medium Term Short Term Near Term

Daily Chart Current

12-Jan-14 Forecast

1 1 1

k k 1

Last session, Egyptians Abroad for Investment & Development closed at 5.70 gaining 0.12 points, nearly 2.20%. ABRD is currently underperforming EGX70. Currently, ABRD is trading above 5.15 support zone. Our analysis implies that ABRD may target (6.30 6.50) zone on the short term horizon. Our previously forecasted target of 5.00 zone is no longer valid. Accordingly, traders are advised to Buy, while keeping S/L just below 5.45 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:

5.70 5.15 6.60


Ticker Support 1 5.15 Support 2 4.90 Resistance 1 6.60
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 7.00

S/L 5.45

Reward 15.79%
Sales Team

Risk 4.39%

R/R 3.60

5.45
Trading Strategy

ABRD

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

EGTS Trend
Medium Term Short Term Near Term

Daily Chart Current

12-Jan-14 Forecast

k k k

k k 1

Last session, Egy. Tourism Resorts closed at 1.23 losing 0.03 points, nearly 2.40%. EGTS is currently outperforming EGX30. Currently, EGTS is trading above 1.10 support zone. Our analysis implies that EGTS current rally may continue targeting (1.35 - 1.40) zone on the short term horizon. Accordingly, traders are advised to Hold, while keeping S/L just below 1.18 level "updated". Traders are advised to "Hold", keep track of the Stop/Loss levels at all times and take all necessary actions to protect profits / reduce loss.

Close:

1.23 1.10 1.45


Ticker Support 1 1.10 Support 2 0.96 Resistance 1 1.45
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 1.65

S/L 1.18

Reward 17.89%
Sales Team

Risk 4.07%

R/R 4.40

1.18
Trading Strategy

EGTS

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

You might also like