Watch List (1)

JAZIRA SECURITIES BROKERAGE Watch List (1) 

CHARTS BOOK 

20 Stocks to Watch 

By: Ramy Rashad, CMT

JAZIRA SECURITIES BROKERAGE 

WATCH LIST (1) 

Tuesday, February 14, 2012 

INDEX : 

Name Code Page 

Orascom Construction Industries OCIC.CA 3 

Commercial International Bank- Egypt COMI.CA 4 

Egyptian Company for Mobile Services EMOB.CA 5 

Talaat Moustafa Group Holding TMGH.CA 6 

El Sewedy Electric SWDY.CA 7 

National Societe Generale Bank NSGB.CA 8 

Name Code Page 

United Housing & Development UNIT.CA 17 

Samad Misr (Egyfert) SMFR.CA 18 

EFG-Hermes Holding HRHO.CA 19 

Pioneers Holding PIOH.CA 20 

National Company for Maize Products NCMP.CA 21 

Egyptian for Tourism Resorts EGTS.CA 22 

Maridive & Oil Services Co MOIL.CA 9 

Juhayna Food Industries JUFO.CA 10 

El Kahera Housing & Development ELKA.CA 11 

Palm Hills Development PHDC.CA 12 

Sidi Kerir Petrochemicals SKPC.CA 13 

Al Baraka Bank – Egypt SAUD.CA 14 

Egyptian Financial and Industrial Co. EFIC.CA 15 

Medinet Nasr Housing and Development MNHD.CA 16 

CHARTS BOOK 

2




ORASCOM CONSTRUCTION INDUSTRIES 

RIC: OCIC.CA 

BOTTOM LINE: (Last Price: EGP266.43 ) 

Do you remember our immediately prior recommendation 

when we advised “system traders” to Buy? We 

were, in fact, trading MACD which was signaling its 

second important buy signal. 

Who bought based on MACD should get out based 

also on it. So far, we haven't any sell signal but extremely 

overbought reading. Bearish candle with 

pickup in trading activity may induce you to take only 

small profits and to get out near our target 

(EGP280), or after a bearish crossover in MACD. 

You are also advised to Buy dips to lower support 

SIGNIFICANT LEVELS: 

First Second Third 

Support 265 250 245 

Resistance 270 280 - 

Stop loss - - - 

Target 280 - - 

CHARTS BOOK 

3




COMMERCIAL INTERNATIONAL BANK- EGYPT 

RIC: COMI.CA 


We had referred, in several technical researches, to 

this falling channel as a third phase in a bear market; 

Overall structure, Momentum and volume pattern 

were our main clues that the security is falling from 

its own weight and sellers are getting weaker and 

weaker, but we were waiting for buyers to come in. 

Taking out this falling channel, with thrust in momentum 

and volume, indicates that the balance is turning 

out in the favor of bulls and as a result we recommend 

traders to Buy Dips. 



Support 23.90 23.35 22.0 

Resistance 26.0 27.0 28.0 

Stop loss 22.50 - - 

Target 31.0 - - 

CHARTS BOOK 

4




EGYPTIAN COMPANY FOR MOBILE SERVICES 

RIC: EMOB.CA 


“Charts reflect everything”. This tenet makes sense 

to most technicians. Our first buy signal was based on 

a bullish crossover in MACD in weekly chart (see 

symbol). A decisive down breakout below the symmetrical 

triangle forced us out, however, the MACD 

didn't slide below its signal line. A return back to the 

triangle, negating its bearish implications, triggered 

our second buy stop. Taking out the major declining 

channel triggered our third buy signal. Now, with 

three weekly long white candles, the odds still in the 

favor fulfilling our targets. 



Support 130 120 - 

Resistance 150 160 190 

Stop loss 129 - - 

Target 150 190 - 

CHARTS BOOK 

5




TALAAT MOUSTAFA GROUP HOLDING 

RIC: TMGH.CA 


The security hovers well over the most important support 

zone (3.8/ 4.0), over the 50 and 200-day EMAs. 

Momentums are in the bulls side and the security is 

heading to our prospected target @ EGP5.30. 

We sense a weakness, which may send the security 

just to lower support levels, however, we recommend 

traders to Buy Dips. 



Support 4.15 4.0 - 

Resistance 5.0 5.30 - 


Target 5.30 - - 

CHARTS BOOK 

6




EL SEWEDY ELECTRIC 

RIC: SWDY.CA 


After a decisive up-breakout over the perfect classic 

Head and Shoulders bottoming pattern, the security 

nearly fulfilled our measured target (dotted brown 

line) and is currently under a complete in-decision 

state. why? We think that the 200-day EMA may offers 

an answer. This average carries a magnificent importance 

and current vacillation makes a lot of sense. 

Our traders were advised to buy a breakout over a 

horizontal red neckline @ 23.0 and also were advised 

to buy a pull back to that level. Now, traders are advised 

to buy a breakout over 26.45. 



Support 25.25 24 23 

Resistance 26.45 27 28 


Target 27 30 - 

CHARTS BOOK 

7




NATIONAL SOCIETE GENERALE BANK 

RIC: NSGB.CA 


Do your remember when we referred to the beautiful 

H&S in this security. Volume& Momentum were in 

our side and, fortunately, our target, EGP27.45, has 

been fulfilled. 

We have a bottom and currently we have a by-book 

profit-taking pattern. We suspect that a Flag, which 

resting just on the 200-day EMA, is taking place and 

the security had penetrated its declining resistance 

line. If so, expect a thrust move to our target near 

EGP32.0. We recommend traders to Buy in. 



Support 27.45 26.40 26.25 

Resistance 30.0 31/ 32 


Target 31.0 32.0 - 

CHARTS BOOK 

8




MARIDIVE & OIL SERVICES CO 

RIC: MOIL.CA 

BOTTOM LINE: (Last Price: USD1.81 ) 

The overall structure seems favorable but, for shortterm 

perspective, a lateral action is taking place between 

USD1.6 and USD1.82 as support and resistance 

levels, respectively. Taking out the resistance 

level will force the security to the next juncture level; 

USD2.0. We suspect that a bottom pattern is taking 

place, but the Negative reversal signal in MACD indicates 

that the odds are in the favor of a continuation 

of the current sideway phase. Traders are advised to 

trade a range (1.60/ 1.82 & 1.82/ 2.0), buy a breakout 

over USD1.82, take some profits near USD2.0 and 

hide-in-cash below USD1.6 



Support 1.80 1.60 - 

Resistance 1.82 2.0 2.20 


Target 2.0 2.20 3.60 

CHARTS BOOK 

9




JUHAYNA FOOD INDUSTRIES 

RIC: JUFO.CA 


The overall structure seems favorable, especially after 

a very bullish reading in the RSI (see yellow circle), 

but we sense a vacillation state in the security at 

current levels. 

You are advised to take some profits, buy a weak dip 

to lower support zone and/or buy a breakout over 5.0 

targeting 5.30. 



Support 4.8 4.5 4.4 

Resistance 5 5.25 - 


Target 5.3 - - 

CHARTS BOOK 

10




EL KAHERA HOUSING & DEVELOPMENT 

RIC: ELKA.CA 


It seems clear that the security faces a very hard obstacle 

on its way up to the second juncture level. 

However, failing to continue all the way down to the 

structure support level and a bounce back over resistance 

may constitutes a starting point for a forthcoming 

thrust. 

Buy a breakout over EGP5.0, take profits near 

EGP5.5 and cut losses below 4.60. 



Support 4.70 4.60 4.25 



Target 5.0 5.5 - 

CHARTS BOOK 

11




PALM HILLS DEVELOPMENT 

RIC: PHDC.CA 


Finally the security found a bottom, and clearing several 

resistance levels on the way up may take place 

shortly, but with yesterday’s candle and spike in trading 

activity, you are advised to take some profits. 

A decline to immediately preceding support zone may 

take place and at which, you are advised to long the 

security again targeting EGP2.0. 



Support 1.7 1.5 1.4 




CHARTS BOOK 

12




SIDI KERIR PETROCHEMICALS 

RIC: SKPC.CA 


A return back over the broken major trend line was 

everything any trader want to negates the bearishness 

of a negative impact. 

As expected, a failure move always followed by a 

thrust move. 

Now the security is under a healthy profit-taking 

phase and a thrust to our target is highly predictable. 

Risk takers can buy dips to lower support zone and all 

traders are advised to ride the next thrust move. 



Support 13.5 13.0 - 



Target 15.5 - - 

CHARTS BOOK 

13




AL BARAKA BANK – EGYPT 

RIC: SAUD.CA 


After fulfilling our up-side target (EGP10.0), we 

should salute ourselves. Traders who bought our signal 

near EGP9.0, should take some profits near current 

levels. 

The current structure still favorable, the up-trend is 

easily seen without using any complicated techniques 

and a decline to lower support levels should triggers 

your Buy stop. A decisive up-breakout over EGP10.0 

should also triggers your buy stop to EGP11.0 



Support 9.5 9.0 - 



Target 10 11 - 

CHARTS BOOK 

14




EGYPTIAN FINANCIAL AND INDUSTRIAL CO. 

RIC: EFIC.CA 


Taking out the falling intermediate channel isn't 

something occurs in a daily basis; it’s a more than 

welcomed signal. 

A decisive up-breakout over EGP12.0 offers a wonderful 

buy signal; you don't need to miss it :) 

RSI’s structure indicates that the breakout may take 

place shortly but you get paid in prices not the RSI, 

so put it in your watching list and stick to our trading 

signal. 



Support 11 10 - 

Resistance 12 13 15 


Target 16 - - 

CHARTS BOOK 

15




MEDINET NASR HOUSING AND DEVELOPMENT 

RIC: MNHD.CA 


Pure price analysis says BUY 

Volume says BUY 

RSI says BUY 

MACD says BUY 

BUY & Respect lower levels 



Support 13.0 - - 

Resistance 16.0 - - 


Target 16.0 - - 

CHARTS BOOK 

16




UNITED HOUSING & DEVELOPMENT 

RIC: UNIT.CA 


What a beautiful bottom, what a beautiful thrust and 

what a beautiful momentum. 

Our keen readers have a winning positions in this security 

and we have, somehow, a reasonable assurance 

that the security is going to our mentioned target 

EGP6.5, but knowing the security’s character is a 

must to play it well; RIDE THE THRUST, TAKE 

PROFITS WHEN A VACILLATION ARISE AND 

THEN BUY WEAKNESS. 



Support 5.25 5.0 4.5 

Resistance 6.5 - - 

Stop loss 5.0 4.5 - 


CHARTS BOOK 

17




SAMAD MISR (EGYFERT) 

RIC: SMFR.CA 


A classic bottom is materializing in this security; a 

breakout over a slanting down neckline, red line, has 

triggered a buy signal to old-fashioned analysts. 

Volume pattern is giving fuel to the situation and momentum 

structure tells that everything is just perfect. 

The pattern’s target revolves around EGP7.0 , but we 

expect sellers to come in near the major declining 

trend lines. You are advised to Buy a Pull back to the 

broken neckline. Respect the stop loss levels. 



Support 6.0 5.70 5.50 


Stop loss 6.0 5.70 - 

Target 7.50 9.0 - 

CHARTS BOOK 

18




EFG-HERMES HOLDING 

RIC: HRHO.CA 


The security lags the market as seen via the Relative 

Strength Comparative (lower panel). 

Taking out the medium-term resistance level 

EGP12.0, was the first step in a bottom phase. 

Declining volume accompanying the current rally 

should be regarded as a red flag. 

A decline to near 12 should triggers your short-term 

buy stop as long as the RSI keeps its rising trend line 

intact. 



Support 12.0 11.70 11.25 

Resistance 13 13.5 14 


Target 

CHARTS BOOK 

19




PIONEERS HOLDING 

RIC: PIOH.CA 


It’s our security ;) our keen readers know that for 

sure. We were following this security and had have a 

significant winning positions to our clients. Our first 

buy signal was near EGP2.90, recommended traders 

to take profits near EGP3.6 with more than 24% appreciation 

in value!!! We waited for the security to 

pull back and initiated the second buy signal near 

EGP3.40. our keen readers still have a winning position 

and we continue to recommend a Hold/ Buy dips 

strategy. (see our Technical Tips– Jan 17, 2012) 



Support 3.90 3.60 3.30 



Target 5.0 5.30 - 

CHARTS BOOK 

20




NATIONAL COMPANY FOR MAIZE PRODUCTS 

RIC: NCMP.CA 


This is what we’re talking about. Finally the security 

had cleared a strong medium-term declining trend 

line. Momentum also behaves like a released prisoner 

and the balance is turning in the favor of bulls 

Liquidity risk is the main issue in trading this security 

and unless you have a long-term exposure, you are 

advised to stand aside. 

Your are advised to Buy dips with a firm stop below 

EGP14.0. 



Support 14.60 14.0 - 


Stop loss 14 

Target 18 - - 

CHARTS BOOK 

21




EGYPTIAN FOR TOURISM RESORTS 

RIC: EGTS.CA 


what a magnificent penetration! It has everything you 

might dream about; violent thrust, healthy pull back, 

pick up in trading activity and strengthen in momentum 

indicators. 

Two scenarios in this situation; a larger bottom may 

be taking place or the bulls will kick the bears out 

taking the security to very higher levels. The security 

faces a concentration of supply from the 200-day 

EMA and a decline may materialize. You are advised 

to either Buy dips to lower support levels or Buy a 

breakout over EGP1.10. 



Support 1.07 1.05 1.0 

Resistance 1.10 1.20 1.30 

Stop loss .96 - - 

Target 1.25 1.60 - 

CHARTS BOOK 

22




Jazira Securities Brokerage 

15 Shooting Club Street, 

Mohandessin 

Tel: (+202) 3760 9983 - 37609941 

Fax: (+202) 3760 9883 

www.jaziracapital.com 

Jazira Securities Online Trading 

You can trade online through Jazira Securities online 

trading portal ... 

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 

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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. 

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CHARTS BOOK 

23

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