Call Girls Kengeri Satellite Town Just Call 👗 7737669865 👗 Top Class Call Gir...
Technical tips (egypt) egx30 - feb 21, 2012
1. TECHNICAL TIPS (EGYPT)
JAZIRA SECURITIES BROKERAGE Tuesday, February 21, 2012
EGX30 RIC: .EGX30
Should History Repeats Itself, Then Don’t
Expect More Than A Healthy Correction Move
It’s all about recurring patterns. We’re looking for
similarities between 2009/ 2012 bottoms and it’s just
fascinated seeing how history repeats itself over and
over again.
Pure Price Analysis:
1- The index thrust violently taking out upper re-
sistance levels. 2– It’s well over the 50– and 200-day
EMAs, (waiting for a golden-crossover signal). 3– Re-
traced more than 61.8% of the falling red channel, giv-
ing a high probable signal that the current up-leg isn't ,
by any means, just a correction, but rather a first leg of
a bull market. 4– At current pace, Just a healthy cor-
rection may take place
RSI & MACD: (Aren’t perfect?!)
1– see the magnificent thrust after the up-breakout
over both triangles in RSI. 2– see how the RSI vaulted
just to the Bull Resistance Line as it did in 2009 thrust
move. 3– Taking out a dotted brown rising line in
May, 2009 was an early signal of June/July 2009 cor-
rection move, so as the RSI descended below its short-
term dotted rising line, we expect a beginning of a
healthy correction phase. 4– As we were expecting
before, a decisive up-breakout over the MACD falling
channel put the last nail in bear market coffin. 5– The
MACD currently faces an important resistance zone THEN WHAT? Yes, we expect a correction, but actually we don’t expect seeing the 2011 lowest low
and a decline to, or just slightly below, the zero line again. Expect the index to trade lower or laterally between 4,4470 and 4,770. Expect the RSI and
may take place in the near future. MACD to go to their lower support. Meanwhile, it’s a great opportunity to continue Accumulating
1
2. TECHNICAL TIPS (EGYPT)
JAZIRA SECURITIES BROKERAGE Tuesday, February 21, 2012
Jazira Securities Brokerage Jazira Securities Online Trading
15 Shooting Club Street,
Mohandessin You can trade online through Jazira Securities online
Tel: (+202) 3760 9983 - 37609941 trading portal ...
Fax: (+202) 3760 9883
www.jaziracapital.com Please contact our customer Service representatives
for further information..
JSB Contacts Title Land Line Mobile Email
Hussein El Sawalhy, CFA Managing Director (+202) 3760 9915 +20100 1410 690 helsawalhy@jaziracapital.com
Ahmed Helmy Head of Sales & Trading (+202) 3760 9915 +20100 1004 482 ahelmy@jaziracapital.com
Ramy Rashad, CMT Senior Technical Analyst (+202) 3760 9973 +20100 8385 501 rrashad@jaziracapital.com
Momen El-Shayal Technical Analyst (+202) 3760 9983 +20100 7678 545 frefaat@jaziracapital.com
George Mansour Customer Service (+202) 3760 9941 +20122 9214 069 gmansour@jaziracapital.com
Doaa Osman Customer Service (+202) 3760 9941 +20122 7552 436 dosman@jaziracapital.com
Basant Soror Online Trading Technical Support (+202) 3760 9941 +20122 1615 409 bsoror@jaziracapital.com
Disclaimer
Jazira Securities Brokerage (JSB) is a licensed Egyptian Stock Market Broker, regulated by the Egyptian Financial Service Authority.
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.
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.
JSB, Jazira Capital or any of its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent.
JSB research reports and all the information opinions and conclusions contained in them are protected by copyright.
The research reports or documents may not be reproduced or distributed in whole or in part without express consent of JSB Research.
JSB research reports or documents, recommendations and information are subject to change without further notice .
2