20 March Daily technical trader

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  • COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 1 of 6

    Daily Technical Trader Qatar

    Wednesday, 20 May 2015

    Stocks Covered Today

    Ticker Price 1st

    Target

    GWCS 72.90 76.00

    QOIS 16.21 16.50

    QSE Index

    Level % Ch. Vol. (mn)

    Last 12,457.17 -0.1 14.9

    Resistance/Support

    Levels 1st

    2nd

    3rd

    Resistance 12,600 12,800 13,000

    Support 12,400 12,200 12,100

    QSE Index Commentary

    Overview: The QSE Index stabilized above 12,400 for the past few sessions which is a positive sign. That been said, the Index is squeezed between the long-term downtrend line and the short-term uptrend line. Thus, we have to wait on a confirmation on the next heading for the Index. Expected Resistance Level: 12,600 Expected Support Level: 12,400

    QSE Index (Daily)

    Source: Bloomberg, QNBFS Research

    QE Summary

    Market Indicators 19 May 15 18 May 15 %Ch.

    Value Traded (QR mn) 570.1 598.8 -4.8

    Ex. Mkt. Cap. (QR bn) 662.5 664.5 -0.3

    Volume (mn) 19.1 17.2 11.1

    Number of Trans. 6,987 7,516 -7.0

    Companies Traded 42 42 0.0

    Market Breadth 11:26 28:12

    QE Indices

    Market Indices Close 1D% RSI

    Total Return 19,359.10 -0.1 65.2

    All Share Index 3,319.67 -0.2 65.2

    Banks 3,249.27 -0.5 53.0

    Industrials 3,975.67 -0.7 45.3

    Transportation 2,469.04 0.2 47.8

    Real Estate 2,938.88 1.9 73.1

    Insurance 4,696.92 -0.9 71.5

    Telecoms 1,289.31 -1.0 38.9

    Consumer 7,415.98 -0.6 57.3

    Al Rayan Islamic 4,748.57 0.0 70.1

    RSI 14 (Over Bought)

    Ticker Close 1D% RSI

    QGMD 18.85 10.0 73.6

    IHGS 141.90 1.4 73.5

    DOHI 27.20 0.7 73.1

    ERES 20.40 3.0 72.3

    QIGD 54.20 -1.8 72.2

    RSI 14 (Over Sold)

    Ticker Close 1D% RSI

    QSE Index (30min)

    Source: Bloomberg, QNBFS Research

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    GWCS

    Price % Ch. Volume

    Last 72.90 2.39 154,435

    Resistance/Support

    Levels (QR) 1st

    2nd

    3rd

    Resistance 74.00 76.00 77.50

    Support 71.00 70.00 62.70

    Commentary

    Overview: The name dropped more than 17% from the previous top; this might be a time for a rebound. A break above QR74.00 is needed to create a Double-Bottom price formation. The Double-Bottom formation is considered a bullish formation. Expected Target Price: QR76.00 QR77.50 A break above QR74.00 is needed to trigger the buy recommendation. Suggested Stop-Loss Price: QR71.00

    (Daily)

    Source: Bloomberg, QNBFS Research

    (Hourly)

    Source: Bloomberg, QNBFS Research

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    QOIS

    Price % Ch. Volume

    Last 16.21 -0.61 417,882

    Resistance/Support

    Levels (QR) 1st

    2nd

    3rd

    Resistance 16.30 16.50 16.65

    Support 16.00 15.80 15.60

    Commentary

    Overview: QOIS is in a short-term uptrend. It corrected down to around the QR16.00, which appears to be a consolidation level. This consolidation may prompt further buying in the name. On the hourly chart, technical indicators support this scenario. Expected Target Price: QR16.50 QR17.00 A break above QR16.33 triggers the buy recommendation. Suggested Stop-Loss Price: QR16.00

    (Daily)

    Source: Bloomberg, QNBFS Research

    (Hourly)

    Source: Bloomberg, QNBFS Research

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    Intraday Fibonacci Support and Resistance Levels Daily Moving Averages Support Levels Resistance Levels

    Ticker Close 3rd

    2nd

    1st

    Pivot 1st

    2nd

    3rd

    50 SMA 100 SMA 200 SMA

    QSE Index 12,457.17 12,336.26 12,380.55 12,407.91 12,452.20 12,496.49 12,523.85 12,568.14 11,958.47 12,093.54 12,730.11

    Total Return 19,359.10 19,171.19 19,240.02 19,282.54 19,351.38 19,420.21 19,462.73 19,531.57 18,539.74 18,448.33 19,192.30

    All Share 3,319.67 3,293.59 3,303.60 3,309.78 3,319.79 3,329.80 3,335.98 3,345.99 3,192.25 3,177.00 3,281.18

    Al Rayan Islamic 4,748.57 4,702.38 4,719.28 4,729.72 4,746.63 4,763.53 4,773.97 4,790.88 4,469.13 4,346.20 4,434.21

    Banks & Financials Services

    MARK 46.50 45.90 46.17 46.33 46.60 46.87 47.03 47.30 47.54 46.88 49.47

    CBQK 56.50 56.23 56.35 56.42 56.53 56.65 56.72 56.83 57.57 59.85 62.10

    DHBK 56.00 55.53 55.69 55.78 55.93 56.09 56.18 56.33 52.74 54.94 56.87

    QIBK 106.00 104.40 104.86 105.14 105.60 106.06 106.34 106.80 101.49 103.22 106.88

    QIIK 80.10 79.70 79.89 80.01 80.20 80.39 80.51 80.70 80.13 81.62 83.77

    Insurance

    QATI 94.80 92.93 93.70 94.17 94.93 95.70 96.17 96.93 80.46 78.89 80.61

    Consumer Goods & Services

    MCGS 170.30 168.37 169.40 170.04 171.07 172.10 172.74 173.77 157.13 145.19 135.42

    Industrials

    IQCD 140.40 139.13 139.71 140.06 140.63 141.21 141.56 142.13 141.64 147.80 167.10

    QEWS 213.30 212.70 213.01 213.19 213.50 213.81 213.99 214.30 198.44 195.22 191.14

    GISS 82.00 80.27 80.88 81.26 81.87 82.48 82.86 83.47 88.35 93.79 104.42

    QIGD 54.20 52.53 53.22 53.65 54.33 55.02 55.45 56.13 44.57 42.76 47.26

    Real Estate

    BRES 50.00 49.27 49.65 49.88 50.27 50.65 50.88 51.27 48.15 47.02 44.95

    UDCD 23.66 23.54 23.59 23.61 23.66 23.71 23.73 23.78 22.28 23.22 25.37

    ERES 20.40 19.03 19.43 19.68 20.08 20.48 20.73 21.13 16.64 16.09 17.41

    MRDS 19.40 18.80 19.05 19.20 19.45 19.70 19.85 20.10 18.24 18.52 20.05

    Telecommunication

    ORDS 95.80 94.93 95.43 95.74 96.23 96.73 97.04 97.53 101.21 108.55 116.62

    VFQS 17.85 17.53 17.66 17.73 17.86 17.99 18.06 18.19 17.47 16.99 18.32

    Transportation

    QGTS 22.60 22.45 22.51 22.54 22.59 22.65 22.68 22.73 22.67 23.31 23.65

    QNNS 98.20 98.20 98.20 98.20 98.20 98.20 98.20 98.20 100.34 100.83 98.59 Source: Bloomberg, QNBFS Research; Note: Numbers in Italics denote moving averages that are above the given index level/stock price

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    Definitions:

    Candlestick: A chart that displays the high, low, opening and closing prices for a security in a single period. The body of the candle is made up by the opening

    and the closing prices, i.e., the taller the body the greater the range between these two prices and vice versa. A colored candle denotes a closing price that is

    lower than the opening price, while a white candle shows the opposite. The candlestick's shadows or wicks show the period's high and low prices and how they

    compare to the opening and closing price. In general, the shape of the candle will vary upon the positions of the period's high, low, opening and closing prices.

    Support: A level that could cause more buyers to step in in order to prevent the security from falling or causing the security price to head higher.

    Resistance: An inverse of a support level. A resistance area or level could cause more sellers to step in in order to prevent the security from rising or causing the

    security price to head lower.

    SMA (Simple Moving Average): Is an arithmetic average, which calculates the average price of a security over a defined number of periods and is thus

    considered a lagging indicator. SMAs used in our analysis refer to closing prices. In general, SMAs serve many purposes, such as a smoothing tool, an indicative

    price direction and potential support/resistance levels.

    Market Breadth: Breadth indicates the number of securities that have closed higher vs. the number of decliners in a particular exchange.

    MACD (Moving Average Convergence/Divergence): Is a trading indicator, which shows changes in the strength, direction, momentum and duration of a trend in

    a stock's price through a collection of three time series calculated from historical closing price data.

    RSI (Relative Strength Index): Is a momentum indicator that compares a securitys price gains to its losses for a predetermined number of periods (we generally

    use 14 periods). The RSI attempts to point out how a security, in relative terms, is in the overbought/oversold zone. Securities with a RSI above 70 could be

    considered as overbought, and below 30 could be considered as oversold.

    Pattern/Formation: Is a graphical presentation of a securitys price activity over a certain period of time. Formations come in different shapes (such as, head &

    shoulders, triangles, flags, and so on). They can be used to identify potential trends, reversal of trends, price targets, entry and exit points, etc.

    Fibonacci Retracements: Are horizontal lines that indicate expected areas of support/resistance for a security based on a predetermined price movement. These

    levels are usually indicated by Fibonacci ratios of 23.6%, 38.2%, 50.0%, 61.8% and 100% from that particular movement.

    Fibonacci Pivot and Intra-day Support/Resistance: A Pivot Point is generally used to formulate expected future support/resistance levels. From the base Pivot

    Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels.

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