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12-Jan-14 Forecast
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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 Our previously forecasted target of 5.00 zone is no longer valid.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:
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
Tamer Gamal, CFTe, MSTA, CETA Technical Analyst Abdel Rahman Atwa, CETA
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EGTS Trend
Medium Term Short Term Near Term
12-Jan-14 Forecast
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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:
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
Tamer Gamal, CFTe, MSTA, CETA Technical Analyst Abdel Rahman Atwa, CETA
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